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Internet Banking – 10 Things You Should Strictly Avoid
Internet Banking has always been an important part of our daily lives. Being easy alternative to card payments and e-wallets, net banking makes online transactions really easy. At present, Internet banking is the best and safest online…
NPCI to Launch RuPay ‘Credit Cards’ in India Soon; Union Bank Launches Select & Platinum RuPay…
The National Payments Corporation of India (NPCI) is going to commercially launch its credit cards, just like it had launched its own debit cards. The cards will be based on RuPay payment gateway and a few banks will be partnering with NPCI…
Bounced Cheque Will Soon Be A Non-Bailable Offense; Negotiable Instruments Act Would Be Made…
In India, close to 20 lakh cheques are bounced or dishonoured every year.
Traders’ Associations all over India has requested the Govt. to stop this menace of bounced cheques, and have asked for stricter rules. Hearing these pleas,…
UPI Transactions Expanding At Incredible Pace, But HDFC Bank Has Decided To Charge UPI Transactions!
India’s 2nd largest private bank: HDFC Bank has decided to adopt an anti-digital stand, which is quite surprising and unexpected at the same time.
As per latest notifications received, HDFC Bank will now charge every person-to-person…
5 Major Transaction Charges Which SBI Has Introduced Effective Today; An Anti-Digital Move?
While on one hand PM Modi and Govt. of India is going full throttle on encouraging digital transactions and cashless economy, India’s largest bank, State Bank of India, has some other plans.
Effective today, SBI has introduced 5…
Yay! Rs 5000 Will Be The Max Consumer Liability In Case Of Bank Transaction Fraud: RBI
Amidst rising digital transactions all over the country, the issue of transaction frauds is also cropping up, with the same proportion. And these rising complaints and feedbacks related to such frauds are being noticed.
Deputy…
2 Factors Which Makes New Rupee 1 Currency Note Unique; Reason Why They Are Being Reintroduced!
This is certainly unexpected. Govt. of India has decided to re-introduce Re 1 currency note after a gap of 22 years. The last time Re 1 note was printed, it was 1994.
The size of these new Re 1 note would be 9.7 by 8.3 cms, and the…
Paytm Payments Bank – Everything You Need to Know!
Paytm will soon be turning into a Payments Bank, as the digital wallet will pass through a transformation. The news came out couple of days back, as CEO Vijay Shekhar Sharma issued a public notice, announcing the launch of Paytm…
Paytm Payments Bank To Commence Operations From May 23rd!
Paytm has been planning to launch its Payments Bank for so long now, and the company even integrated UPI on its platform for the same. Because of some hurdles, Paytm was unable to officially start operations of its payments bank.…
Is It Mandatory To Link Your Bank Account With Aadhaar Card? Journalist Claims It Is Not, But…
In the last couple of months, bank account holders have been receiving urgent SMSes and calls from banks, asking to link their Aadhaar cards with the bank accounts. I have personally received around 10 such messages from HDFC Bank, and…
Boost For Fintech Market in India – SEBI Allows Mutual Fund Investment Via Digital Wallets;…
This is one of those watershed moments for the nascent Indian fintech (Financial Technology) industry.
The regulator of securities trade in India; The Securities and Exchange Board of India (SEBI) has allowed investment in mutual…
Banks Will Block Non Self-Certified Bank Accounts After April 30th; Is Aadhaar Linking Also…
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…
Debit and Credit Cards Will Completely Disappear in India: NITI Aayog CEO
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…
Debit Card Usage Rises to 60% Post Demonetization; Wallets Usage Falls by 50% in 2017!
When the ban on currency notes was announced in India, the Government of India decided to promote a digital economy through the usage of debit and credit cards, e-wallets or online banking. However, now that remonetization has started,…
Cosmos Bank’s Website Compromised With RIG Exploit Kit; Cerber Ransomware Infects Website Visitors!
Quick Heal has detected a serious security breach at Cosmos Bank’s website. As per the findings, their website has been compromised by RIG Exploit Kit, and as a result, all visitors to their website are being automatically infected by…
ICICI Bank Launches ‘Mera iMobile’ App For Rural Customers Offering 135 Services; Becomes 1st App To…
ICICI Bank has decided to jump into the agriculture sector with a new enthusiasm and outlook. They have just launched a new app, called ‘Mera iMobile’, targeted at rural customers, which is offering 135 agri-services, across 11 Indian…
Govt Admits 29 Lakh Debit Cards Being Malware Infected; UPI, BHIM Data Compromised, But Are Banks…
When it comes to the security of financial data and privacy, it seems that India has hit a new low. While Govt. of India has admitted that close to 30 lakh debit cards were infected by malware, which threatened financial privacy and…
Rs 10 Plastic Currency Notes Coming Soon; Trial To Begin Across 5 Locations!
It seems that Govt. of India is now determined to start printing and circulating plastic currency notes, pan-India. A recent statement from Finance Ministry has confirmed that trial for Rs 10 currency notes, printed on plastic would be…
ICICI, SBI Witnessed Most Frauds In 2016; Bank Of Maharashtra Detects Rs 6 Cr UPI Fraud, Files FIR…
As per latest Reserve Bank of India (RBI) data, ICICI Bank and SBI has emerged as the banks which witnessed most number of frauds between April-December 2016 period.
Incidentally, ICICI Bank is the largest private sector bank, while…
Now, Rs.150 Charge After Every 4 ‘Cash’ Transactions; Govt Orders Activation Of Internet &…
In continuation with Govt. of India’s cashless push, several new developments have taken place in the last 24 hours. While all banks have been ordered to activate Internet & mobile banking for all customers by March 31, several…