As part of its 'go-green' initiative, HDFC Bank has started sending PIN, unique code number, for debit card holders through SMS instead of the practice of sending it by post.
The bank's response came to a clarification sought by stock exchange on recent reports on debit cards blocking in the wake of suspected data breach
'Overall, compared to the previous episode, we are in a better shape because the vaccine is already out there and vaccination drives are proceeding'
The old note will continue to be accepted for other utility bill payments as well as at railway ticketing counters and counters of government or public sector undertaking buses for purchase of bus tickets till December 15
The board is likely to take up the matter this month.
Day 2: Syed Firdaus Ashraf attempts to deposit Rs 500, 1,000 notes in his bank account.
For online fraud, approach cyber cell and file a complaint.
The minister also exempted components from taxes to encourage domestic manufacturing of these devices.
The official twists and turns have raised questions on the government's credibility and its ability to pull the nation out of the demonetisation quagmire. To keep up with the new rules, the government has issued an updated FAQ on demonetisation.
The preference for digital banking now cuts across all customer segments.
Receiving Ganga water by post could be a reality soon as the government endeavours to tap the e-commerce platform to bring the holy water at the doorsteps.
SBI introduced this products three months after the Reserve Bank issued guidelines allowing minors over 10 years to operate bank savings accounts independently and use facilities such as automated teller machines and cheque books.
Since payment alternatives such as UPI, e-wallets and USSD - based mobile banking through different platforms are directly or indirectly linked to the user's bank account one needs to be extra careful to keep hackers at bay, explains Adhil Shetty, CEO, BankBazaar.
As on June 16, currency in circulation was Rs 15.29 lakh cr, or 86.2% of pre-note ban level
Besides the convenience that plastic money accords, it also helps the user to keep an easy track of their expenses.
Kotak Mahindra Bank to have a 19.9% stake in the proposed banking venture.
The government started promoting cashless transactions but forgot that it needs infrastructure.
However, the road to profitability has already hit some hurdles for the Delhi-based bank as the Union government has rejected its demand for an additional capital infusion of around Rs 8,000 crore in 2018-19
SBI had a tough journey in the last 40 years.
Peter Mukerjea and his wife Indrani, arrested in Sheena Bora murder case, had approached a senior Mumbai Police officer in 2012 seeking help to trace the call location of Sheena.
Bappadittya Sarkar, who was taken to a Mumbai police station by his cab driver after the latter overheard his phone conservation about an anti-Citizenship (Amendment) Act protest, said the language symbolises whatever is going on in the country.
As India reels from a severe water shortage, startups have begun offering innovative ways to help people access safe drinking water.
Priyadarshini Maji evaluates the impact that payment banks are likely to have on your financial life.
Discussions are on in government about how to make the process simpler for the poor and more cost-effective for telecom operators, says Subhomoy Bhattacharjee.
In what could be the biggest cash heist in the national capital, the driver of a cash transit van allegedly fled with around Rs 22.5 crore from southeast Delhi's Govindpuri area on Thursday.
Even the well heeled in metros find it difficult to go completely digital. Cash withdrawals from ATMs are back at the same level as they were before demonetisation
Seeking to rope in youngsters to promote cashless transactions, Modi said for every person you introduce to the BHIM app, you will get a cash back of Rs 10.
India Inc is shying away from investing in digital technologies.
In the new decade, the scene will change because the banks till recently had been challenged by the fintechs, but the techfins have now entered the arena, observes Tamal Bandyopadhyay.
The start of BHIM's declining share coincided with the launch of Google Tez in mid-Septem
While flight operations have already resumed, inter-intra state train services also were partially operating since Tuesday night, they said.
With a surge in users and transactions in two weeks, payment wallets step up cashbacks to get more users online.
The proposed lockdown, sans present relaxations, will be implemented from June 19 to 30 and on two Sundays (June 21 and 28) there shall be a full scale shutdown without any relaxations.
The Kolkata-based firm already has a presence in 22 states with over 2,000 branches and 5.9 million borrowers.
"Our agenda is to fight for a country free of corruption and black money. But their agenda is to close (disrupt) Parliament...I am puzzled," Modi said.
"Opposition is not allowing me to speak in Lok Sabha, so, I have decided to speak in 'jan sabha'," says Prime Minister Narendra Modi.
What can households do with the old Rs 500 and Rs 1,000 notes? How can they find Rs 100 and smaller denominations?
Work fetches money and that is what keeps us going. But how about money fetching more money? We plan to give you what you need to get started.
After the recent attack on debit cards exposed the gaps in their security systems, banks are getting serious about data privacy.
