banking

Under FATCA provision (Foreign Account Tax Compliance Act), Income Tax Department has asked all banks and financial institutions to seek self-certification from bank account holders, before April 30th. Failure to do so will lead to…

While India is approaching more flexible methods for online payments to counter the challenges faced after demonetization, NITI Aayog CEO Amitabh Kant has said that digital transactions will be done via mobile wallets and biometric…

On November 8th, Govt. of India had announced one of the biggest financial shake-ups this country ever witnessed, when it demonetized Rs 500 and Rs 1000 currency notes, thereby cancelling the legality of 86% of circulating cash in the…

HDFC Bank has become India’s first bank to deploy a robot inside their branch for customer service purpose. This interactive humanoid, christened as IRA or Intelligent Robotic Assistant will be able to greet customers, and then offer a…

Yes Bank, which is India’s 5th largest bank as per market capital, has launched India’s 1st customizable saving bank account. Designed for those banking customers who are stuck with traditional, and orthodox saving account format, this…

As per various estimates, more than 50% of the demonetized currencies have returned back to the system. This means that cash is not being hoarded anymore, and the markets are circulating currencies like before. Signaling ease of…

In one of the major crackdown on black money hoarders, Govt. of India has directed all banks to furnish PAN card details of all bank holders by February 28th, 2017. Never before in the history of banking, such massive exercise has…

This is indeed a scary situation out here, especially for millions of vehicle owners, who are ready to pay for petrol and diesel using their debit/credit cards; but it seems that the petrol pump owners won’t support card based payments…

On the night of November 8th, when PM Modi announced demonetization and called for a national push towards a cashless economy, he also announced two very beneficial steps, which helped the citizens at large: No ATM fees on using ATMs…

Paytm, a private company handles around 60-70 lakh transactions a day, while United Payment Interface (UPI), a path-breaking digital payment solution launched by Indian Govt. handles only 70,000 transactions a day. This is certainly…