Reserve Bank of India (RBI) sets a fixed internal reference rate for banks. This interest rate is, then, used by banks and lending institutions that come under RBI to define the minimum interest rate applicable to different loan types.This rate is updated by RBI every once in a while when there is a drastic change in the country’s economic activities. Banks are usually not allowed to lend money at a rate below this reference rate called the MCLR.                 Know more about MCLR, its implementation, and how it is different from the base rate here!  What is MCLR?Marginal Cost of Funds based Lending Rate (MCLR) is the minimum lending rate below which a bank is not permitted to lend. MCLR replaced the earlier base rate system to determine the lending rates for commercial banks.RBI implemented MCLR on 1 April 2016 to determine rates of interests for loans. It is an internal reference rate for banks to determine the interest they can levy on loans.

In comparison with other consumer loans, a home loan is a big loan, and even the slightest difference in the interest rate can alter the value of total interest cost of the borrower. Hence, prospective borrowers should compare the interest rates offered by as many lenders as possible before applying for a home loan. However, final interest rates offered to home loan applicants would depend on their credit score, loan amount, occupation profile, employer’s profile, etc. Keep reading to know the home loan interest rates offered by lenders in India in 2025. Top 10 Banks Offering Lowest Home Loan Interest Rates in 2025 Here are the top 10 banks offering cheapest home loan interest rates in India:Name of the Bank Interest Rate Per Annum*Union Bank of India8.10% onwardsBank of Maharashtra 8.10% onwardsBank of Baroda8.65% onwardsState Bank of India 8.25% onwardsCanara Bank8.15% onwardsKarnataka Bank 8.75% onwardsHDFC Bank 9.40% onwardsICICI Bank9.25% onwardsPunjab National Bank8.50% onwardsTamilnad Mercantile Bank8.25% onwards Types of Home Loan Interest RatesThere are three types of home loan interest rates in India. However, the first two are the most prevalent. Fixed Interest Rate: This type of interest rate remains constant throughout the loan, which ensures the stability of the amount payable. The advantage lies in predictable interest payments up front, protecting against rate fluctuations and financial complications in the event of a rate hike.

Having the correct Date of Birth in Aadhaar is important, as it is one of the most crucial documents in India. it helps in accessing government schemes, easy financial transactions, and verifications. Unique Identification of India (UIDAI) has made this process easy for Aadhaar card holders. Details are given below.Update DOB in Aadhaar CardTo update the Date of Birth on your Aadhaar Card, you need to visit the nearest Enrollment Centre with the required documents. You can find a list of these documents on this page.

Aadhaar card is a 12 digit unique identification number, issued by the Unique Identification Authority of India (UIDAI). According to a data shared by UIDAI in September 2023, 138.08 crore residents in India have Aadhaar Cards. Aadhaar Card can be used as a proof of Identity, get benefits of many Centre and State Government welfare schemes and access various services. Let’s understand Aadhaar and its significance in detail.Name Of Aadhaar Issuing AuthorityUnique Identification Authority of India (UIDAI)Aadhaar Customer Care Number1947Inception of Aadhaar CardSeptember 2010Validity Of Aadhaar CardLifetimeNumber Of Enrolment CentersMore than 30,000Number Of Enrolments138 crore (approximate)Key peopleNeelkanth Mishra, Chairman, UIDAIAmit Agrawal, CEO, UIDAIEligibility for Aadhaar Card Any resident of India is eligible for an Aadhaar Card:Newborn/MinorAadhaar enrolment is available for minors, including newborns. Parents must provide their identity and address proof to apply.

The 7th Pay Matrix presents a detailed yet straightforward table that shows all pay levels of government employees in a single table. The 7th Pay Matrix is a new way to organise salaries for central government employees in India, introduced by the 7th Pay Commission. It looks like a grid with 18 horizontal rows and 40 vertical columns. Each row represents different job ranks in government service, and each column shows yearly increments or advancements employees can achieve within their respective levels. The salary for each rank starts at a base amount, which was set following the recommendations of the 7th Pay Commission and an updated calculation method called the fitment factor.7th Pay Commission Pay MatrixCentral government employees received a hike on their pay scale from 6th to 7th CPC. The Government designed a pay matrix table to make the new pay scale accessible and understandable for the employees.

After receiving your Aadhaar card, you can print or download a digital copy. A password safeguards this digital version which is known as the e-Aadhaar card. To open the e-Aadhaar PDF file, it is imperative to enter a password. It combines the first four letters of your name in capital and your birth year. This article covers all information related to the Aadhaar card password.

Over time, the Reserve Bank of India has taken several steps to make KYC-related compliance procedures simple. Also, it has incorporated newer technologies to improve customer service. Similarly, KYC details update has become simplified and it can be done right from the comfort of your house. Now, if you want to update your KYC details, it can easily be done without facing the rush in the banks.  When should you update KYC?The KYC details update procedure is usually a rare case scenario. But there can be various situations when you might be required to change your address, name, contact number etc.

An Automated Teller Machine (ATM) is one of the greatest products of modern technological advancements which has made life easier by making cash withdrawals faster. It is a key foundation of the modern banking system for managing cash withdrawals and deposits.Even though banks present in the country are responsible for managing most of the ATMs, there is a unique category of ATMS that are not managed by banks. This category of ATMs is called White Label ATMs.White Label ATM Meaning?White Label ATMs are the kinds of ATMs that are managed and operated by some non-banking entities as per the mandates generated by the Reserve Bank of India (RBI). Under this kind of business model, you can operate these ATMs for banking transactions irrespective of the bank account you have.Under the Payment and Settlement Systems Act 2007, the Reserve Bank of India has approved the operation and inclusion of White Label ATMs in the country, managed by non-banking organisations. Hence it was introduced primarily to expand the ATM networks in rural and semi-urban areas.With White Label ATMs, you can enjoy banking services like depositing cash, withdrawing funds, paying bills etc.

Axis Bank is one of India’s leading banking and financial services institutions. It is the third largest private sector bank in terms of assets and the fourth largest in market capitalisation. Established on 3 December 1993 in Mumbai, this bank has 5100+ branches all across India and serves almost 1 billion customers. Additionally, Axis Bank provides 3.00% p.a. interest to its savings account holders for deposits less than Rs.50 lakh. So, if you are planning to open a savings account, check out the Axis Bank savings account interest rate, available schemes and more.    Axis Bank Savings AccountAxis Bank offers a wide variety of savings account options, allowing customers to save their money and gain interest at attractive rates.

KYC update is a crucial aspect of safe and secure banking operations. As per the RBI guidelines, every bank customer must complete the Know Your Customer (KYC) verification to authenticate their identity. ICICI Bank has enabled both online and offline procedures to make this KYC process hassle-free.Keep reading to know about the ICICI Bank KYC update procedure, document requirements, and more.How to Update ICICI Bank KYC?Apart from online modes, as discussed above, you can update the ICICI Bank KYC in two other ways: By visiting the branch physicallyThrough a video callUpdate ICICI KYC by visiting the bank branchStep 1: Visit the ICICI Bank branch, where you hold an account along with the required KYC documents.Step 2: Collect the KYC form from the bank and fill it out with the required details.Step 3: After filling out the application form, attach the supporting documents and submit it.After you have submitted all the documents and the application form, ICICI Bank will verify them. After a successful verification, the bank will confirm the KYC requirements. You will receive a confirmation message from the ICICI Bank on your registered mobile number.Update ICICI KYC through a video callAnother KYC update process includes video calling.