New offerings by banks are changing the way you transact.
From bus search on mobile, free photocopying services to preserving rare Indian art forms, these start-ups are already tasting success.
At ATMs, as a step to avoid getting Rs 2,000 notes, people are withdrawing Rs 1,900 in Rs 100 notes and then putting another request for the balance Rs 600, so that they remain within the limit of Rs 2,500 per day of withdrawal.
Changes in regulations and the imminent enforcement of some long-standing regulations are pushing up the cost for banks apart from the general cost inflation.
India Post may be keen to apply for payment bank licence.
While lenders create a hype around the services offered on digital platforms, customers think otherwise, given that frustration due to the quality of service has only increased, over the years.
In a daring daylight heist, two unidentified armed assailants looted a cash van of around Rs 1.5 crore after allegedly killing an ATM security guard in Kamla Nagar area of North Delhi on Saturday morning.
'It will cause problems for people who deal in small amounts of cash.' 'I hope it does not cause law and order problems.'
The value of transactions through debit and credit cards used at the PoS fell to Rs 64,200 cr in February
Now the processing of return filed will be through your Aadhaar Number, where, you can link it with your PAN and get rid of sending ITR V to CPC, Bangalore.
Bharti Airtel subscribers would soon be able to withdraw cash by using their mobile phone, without going to bank branches or any ATM. The company, which recently launched Airtel Money (AM) to allow users to transfer money, as well as pay bills, is in discussion with various banks to launch the cash withdrawal service.
Reliance Infocomm has introduced two interactive mobile applications, 'City Guide' and 'TV Guide', in Mumbai, New Delhi, Kolkata, Chennai, Bangalore and Hyderabad.\n\n\n\n
It will carry out most banking operations like accepting deposits but can't advance loans or issue credit cards.
As a volunteer you'll need to meet people and educate them about the benefits of going cashless by going digital.
The first Everest conqueror from Arunachal Pradesh Tapi Mra and his wife were assaulted and injured by miscreants, who also looted them, near the state police headquarters, police said on Friday.
Reports suggest this lot could fetch the cybercriminal as much as $130 million upon sale.
The cap of Rs 10,000 on daily withdrawal has also been removed.
ICICI bank waives ATM charges.
NPCI has launched several consumer friendly systems including one that allows users to transfer money to people over mobile phones across India.
Banking operations including cheque clearance across the country got affected on Monday as bankers under the aegis of the United Forum of Bank Unions have gone on a nationwide strike to protest against the proposed privatisation of two state-owned lenders.
Cheque payments will be safer; the limit for contactless card transactions hiked.
A mock air defence exercise relating to India's indigenously developed interceptor missile is carried out from Wheeler's island off the Orissa coast today.
Tamal Bandyopadhyay details HDFC Bank's digital journey.
While the acceptance of cards, mobile wallets and banking apps is increasing, only 10 per cent of transactions take place through them.
In an interview to Republic Bharat, Prime Minister Narendra Modi spoke of the BJP's prospects in the polls, emergence of an Opposition front, dynastic politics and several other issues.
No untoward incident has been reported from the district over the past three days.
Other private banks also planning to employ bots soon
Soon after the lifting of the 13-day moratorium at 6 pm, some customers took to social media complaining that they were not able to access certain services, including internet and mobile banking.
Secretary of the All India Progressive Women's Association Kavita Krishnan tweeted about the incident, allegedly involving poet Bappadittya Sarkar on Thursday.
The Postal Department has geo-tagged more than 1,50,000 post offices on geo-portal Bhuvan, developed by ISRO
Unbanked customers can expect easier access to banking.
Surat-based company in talks with banks, insurance cos, manufacturing cos etc for their iris scanner machine.
Each postman has undergone a three-tier training process, after which they were evaluated by the National Institute of Banking and Finance and given certificates.
In an attempt to acquire consumers, banks have been providing a lot of technology-enabled services, which used to be offered free.
Canara Bank on Friday launched Internet and mobile banking services covering 300 select branches spread across six cities in the initial phase and said it is in talks with five or six banks for ATM sharing.
The hoarding of cash accentuated from the very start of 2020, when the coronavirus pandemic started taking hold the world over, and fear of the pandemic prodded people to remain liquid for emergency use.
While some of the banks mentioned in the report said they have not come across any such fake apps, others have started an inquiry and also informed the CERT-In -- the national nodal agency for responding to computer security incident.
The efforts will also be made to introduce mobile banking on all kinds of phones, Finance Minister Arun Jaitley told reporters after meeting the heads of PSU banks here on Thursday.
