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All 14 Varieties Of Rs 10 Coin Are Legal Tenders; No One Can Reject Them – RBI
Rs 10 coin has been the highest denomination of coin minted and used in India. However, due to several changes in the design of this coin, which have been made since 2005 till now, there exists a strange confusion regarding its usage,…
Relax! Free Banking Services Are Not Going To End On 20th January 2018
After several credible and traditional news publications had shared reports that free banking services in public sector banks shall cease to exist after 20th January 2018, the Indian Banks’ Association (IBA) has clarified that no such thing…
Govt. Has Stopped Minting New Coins; Encouraging Digital Ecosystem?
Most probably for the 1st time in the history of modern India, the Govt. has stopped minting new coins of Re 1, Rs 2 and Rs 5. Coins have had an important role to play in the overall economy of any country, but it seems that now, the role…
Indian Banking Apps Hit By Malware; Hackers Are Stealing User Data!
Internet and cybersecurity firm Quick Heal's Security Labs has announced that the company has identified an Android Banking Trojan imitating more than 232 banking mobile apps around the world. It includes major Indian banks apps from SBI,…
RBI Order All Banks To Immediately Dispense Rs 200 Currency Notes Via ATMs!
It has been quite a while since Rs 200 currency note has been officially launched by the RBI. But strangely, currencies of Rs 200 are still not available at 90% of the ATMs. Those who are withdrawing money from the bank branch may get few…
SBI’s Base Rate Reduced by 30 BPS; Bandhan Bank Will Launch Biggest Banking IPO!
At the start of the new year, India’s largest public sector bank: State Bank of India has announced a reduction in base rates, which will benefit home loan borrowers all over the country. Around 80 lakh SBI customers will now pay less for…
No Charge On Debit Card Transactions Up To Rs 2000; 2 Reasons Why This Was Needed!
Govt. of India’s big push for a cashless economy has started with a bang in 2018! In a decision which can be treated as a new year gift for digital evangelists, Govt. has announced the rollout of zero-fee charge for all debit card…
Paytm Payments Bank Massive Offline Push: 1 Lakh ATMs & Rs 3000 Crore Investments!
Paytm Payments Bank has revealed their aggressive plans for the next three years: Investment of Rs 3000 crore, and opening 1 lakh ATMs under 'Paytm ka ATM'.
Exploring Opportunities in Mobile Payments: Where Do We Stand?
Mobile payments is still in its early stages, in India & on a global level. While there is widespread awareness, the actual usage numbers are disappointing.
SBI Employee Base Has Reduced By 10,500 In Last 6 Months! Too Many Retirements?
In the last 6 months, between Apr & Sept, 2017, SBI Employee Base has reduced by 10,500 as employees have retired. Are there too many retirements happening?
Airtel’s Unethical Ways To Open Payment Bank Attracts UIDAI Notice!
Airtel has been steadily adding customers to their Payments Bank. However, many have complained that Airtel opens their bank account unethically. UIDAI has now sent a notice to Airtel in this regards
Tez, Google’s New Payment App Powered By UPI – Coming Soon!
The most fascinating fact is that Google Tez will not only work with UPI, but also support existing mobile wallets such as Paytm, Mobikwik and more.
India Post Will Convert 1.5 Lakh Post Offices Into Payments Bank Outlets
India Post has announced that they will transform each and every 1.55 lakh post offices into payments bank outlets which will work on Aadhaar-based banking.
SBI Cards Launching Contactless Payments – Smartphone Is The New Card
SBi Cards Contactless Payments is a big push towards achieving the goal of a truly digital India. This is one more step towards a cashless future.
Can Unified Payments Interface (UPI) Win the Digital War for Smaller Indian Banks?
Digital payments solutions such as Unified Payments Interface (UPI), National Unified USSD Platform (NUUP), and Aadhar for identity and eKYC have the power to attract customers towards digital banking platforms.
Bye Bye Rs 2000 Note? RBI Has Stopped Printing Rs 2000 Notes, Rs 200 Currency Note Now The Focus
Reserve Bank of India has almost stopped the printing of Rs 2000 currency notes, as the primary focus has shifted to printing of Rs 200 notes, and circulating them
Uber, Amazon To Integrate UPI Soon! WhatsApp Gets NPCI Approval To Enable In-App Payments
Hike Messenger was India’s first messenger app to integrate UPI on its app, and soon we heard about WhatsApp looking to get approval from National Payments Corporation of India to allow in-app payments. UPI payments are extremely…
Zero Liability For Customers in Case of Fraud Online Transactions, Except For Customer Negligence
Twice in the 2 months, Reserve Bank of India (RBI) has taken a proactive approach in dealing with fraud bank transactions via online medium.
On June 1st, RBI had declared that Rs 5000 shall be the maximum liability for consumers in…
UPI Breaches 1 Crore Transaction/Month Mark – Can UPI Beat Card Based Payments?
United Payments Interface (UPI), the brainchild of National Payments Corp. of India (NPCI) is now processing more than 1 crore transactions per month.
This is a major milestone for UPI because, after its launch in April last year,…
Rs. 200 Currency Note Coming Soon; 4 Things You Need To Know About It
Govt. of India has confirmed that Rs 200 currency note is, in fact, a reality, and indications are strong that the currency will hit the market very soon.
As per confirmed reports coming in, it has been revealed that printing of Rs…