Hi, I have recently come across the news that govt is planning to merge smaller PSU banks into bigger banks. What is the impact on shareholders ? Please enlighten. Thanks, Karthik

Hi, Could you please advise me how can we transfer amount upto 10 lacs from India to Germany or any other country..Do we face any problems with Income tax on such transaction… I saw some services from ICICI and HDFC on quick remittance …I am not sure whether they are reliable and charge heavily .. […]

Dear Manish, Recently I pulled out my CIBIL report as my personal loan application was rejected and I was told that  my score is 566. I observed followings in my report a. Three W/O from Phoenix ( I was having two ABN AMRO bank credit card and due to dispute with the bank I had […]

An a/c was opened with sbi of a club name. The a/c was inoperative about 6 years. The passbook and cheque  book has been missing. We also forgot a/c no ! Please inform me, how can I get it?

As I understand, if one has claimed exemption under 80C for investing in tax saver FD, you can’t pre close the deposit for 5 years. However, if I need the funds and I am ready to pay the income tax in the year of withdrawal, shouldn’t I be able to pre close FD (by paying […]

I have taken a home loan from SBI of amount 10,00,000(single) on June’2013. I have taken with SBI suraksa insurance coverage. The policy is of single term 37,475.00. My loan is on a moratorium period of 18 months which ends on Nov’2014. From the 10 lakhs bank disbursed Rs.623600/- to the promoter. Now i have […]

I am Non Resident Indian( NRI) and still holding active saving and Demat accounts. what are the consequences of not closing and reporting  to bank for closure  in future.

SIR, I HAD TAKEN LOAN OF 22.53 LACKS LOAN FROM UBI BANK AND STARTED FULL EMI FROM FIRST MONTH. I HAD TAKEN ONLY FIRST INSTALLEMENT OF 12.50 LACKS ON DEC 2103. IT WILL TAKE ANOTHER 1 YEAR FOR TAKING FULL INSTALLEMENT. NOW IAM PAYING 24600 EMI. PLEAE ADVICE ME IS IT CORRECT OR NOT .

Hi I am having SBI Max Gain Loan. I have parked an additional Rs.50000 on this account, but I am unable to see this amount reflected in the available balance. My EMI is 30,043 and getting adjusted properly with Book balance, Drawing power etc, but the available balance is not getting adjusted.

Which nationalized bank offers cheapest locker charge for metropolitan banking locations? The locker size is immaterial here and the rent should be less than my present rate ie seven hundred rupees. I live in kolkata and i have assumed that the cheapest locker fee charged by a private bank would be always higher than the cheapest […]