India’s forex reserves fell by $18.34 billion to $747.56 billion in the week ended 25 September 2026, according to the Reserve Bank of India’s weekly data released on Friday, 2 October. Business Standard, citing Bloomberg data, called it the biggest weekly fall on record. It was the third weekly decline in a row, after reserves…
SEBI has told every stock broker to display investor awareness messages supplied by the regulator on their websites from 5 October 2026, and on the landing page of their trading apps from 1 November. The circular, dated 1 October 2026, falls under Project Jagrook, SEBI’s investor education campaign, and comes ahead of World Investor Week…
Meena Joshi rents a medium-sized locker at her bank’s branch in Jaipur for ₹4,000 a year plus GST. Inside are her wedding jewellery, which she values at about ₹12 lakh, her property papers and a few gold coins. Like many locker holders, she has never read the agreement she signed, and she assumes the bank…
Farida Khan, 54, a school clerk in Lucknow, tried to withdraw ₹20,000 from her savings account in August 2026 and was told at the counter that debits were blocked. Her salary had been credited two days earlier without trouble. The reason was a pending re-KYC: her account, opened in 2015, had fallen due for a…
Sunil Rao, a retired railway employee in Nagpur, died in July 2026 at 68. He left ₹9 lakh in a savings account where his wife Lata was the registered nominee, and a ₹12 lakh fixed deposit he had opened years earlier without naming anyone. His son Arun assumed the whole amount would simply go to…
Kavita runs a small catering business in Pune. On 6 October 2026 she deposits a cheque for ₹85,000 from a corporate client, dated 5 October. The next evening her bank’s SMS says the cheque has been returned: “funds insufficient”. She has the cheque, a return memo and a client who has stopped answering calls. What…
PIB Fact Check said on 1 October 2026 that a viral “gazette notification” declaring every Saturday a holiday for public sector banks is fake. Banks are open today, Saturday 3 October, and the rule from 2015 still applies: the second and fourth Saturday of each month are holidays, and the other Saturdays are working days….
Ankit, a 31-year-old software tester in Gurugram, had a generous Diwali week. His company gave him ₹12,000 in gift vouchers. Five college friends sent a total of ₹40,000 over UPI for his new flat. His mama, his mother’s brother, gave him a 10-gram gold coin worth about ₹1.4 lakh. Then, a few days later, another…
Priya, 29, a teacher in Indore, can save ₹10,000 a month. Her brother Rohan has ₹1.2 lakh sitting in his savings account. Both go to SBI on the same day in October 2026. Priya opens a 12-month recurring deposit, Rohan books a one-year fixed deposit, and both get the same 6.25% rate. A year later,…
Neha lost her job in Pune in March 2026 with ₹3.2 lakh still outstanding on a personal loan. By August the bank’s recovery team was offering a one-time settlement: pay ₹1.9 lakh and the bank would give up the remaining ₹1.3 lakh. It sounds like a clean exit. The catch is what a loan settlement…