SBI updates IFSC codes and names of 1300+ branches (Full list updated)

Anish TadimarriBankingLeave a Comment

SBI updates IFSC codes and names

After the merger of the five SBI associate banks into SBI recently, State Bank of India has now updated the names of branches and IFSC codes of 1300 branches nationally. The IFSC code and branch name changes have been made to SBI locations across major metros including Delhi, Bombay, Hyderabad, and Bangalore. “Some of our old associate branches are getting … Read More

EPF Balance? Check PF Balance on Mobile Through SMS Now

Anish TadimarriBanking2 Comments

check epf balance through sms

Employees Provident Fund (EPF) is the contribution jointly made by an employer/s and an employee. EPF plays an important role in meeting the retirement goals of an employee. In addition, EPF, can also be used for various other purposes which include occasions like marriage, education, medical and home loan repayment services.  EPF earlier were tax-free. However, in late 2017, tax-exemption on … Read More

A Year Later: Impact of Demonetization on the Indian Economy

Fintown TeamBankingLeave a Comment

impact of demonetization on the Indian economy

On Nov 8 2016, India, in an effort to curtail black money, canceled 86% of the currency in circulation.  Currency worth Rs.15.44 Trillion was demonetized and new notes were printed to remonetise the economy. As anticipated, the immediate impact of demonetization was a cash crunch in the first few months. Usage of credit/debit card and digital wallets increased as an … Read More