Readers' Corner: Banking

If a new fee/charge is introduced on the card then the bank is required to communicate the same to cardholders with a 30 days notice

While doing online banking, I saw that there was an instant loan of Rs 1.5 lakh available. To check it out, I availed the loan and funds were credited to my bank account immediately. I didn’t expect that. I don’t need that money. Is there a way I can return the money without being charged any interest or prepayment penalty? 

Banks offer instant personal loans for a select set of existing customers for whom such loans may be pre-approved. These customers can get the personal loan instantly through mobile app or internet banking. In case, a customer wants to cancel the