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
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 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.
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.
"Opposition is not allowing me to speak in Lok Sabha, so, I have decided to speak in 'jan sabha'," says Prime Minister Narendra Modi.
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.
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.
What can households do with the old Rs 500 and Rs 1,000 notes? How can they find Rs 100 and smaller denominations?
After the recent attack on debit cards exposed the gaps in their security systems, banks are getting serious about data privacy.
From opening an account in a local bank to looking for festive and student discounts, here are some surefire ways you can save money on your education trip abroad.
Electronic transactions are rising fast, so are cases of payment failure and delayed settlement. One needs to be proactive.
Eight FDI proposals worth Rs 1,311.54 crore (Rs 13.11 billion), including that of Norwegian telecom firm Telenor, have been cleared by the government on the basis of FIPB approvals.
Indian Railways plans Rs 39,000 crores non-fare revenue. Via: Branding of trains. Vinyl-wrapping of Rajdhanis, Shatabdis and Garib Raths. Moving billboards.
A 43-year-old man has been arrested by the Delhi police for allegedly being the mastermind behind a fake website of the Prime Minister's Office as sleuths claimed to have busted a racket operating fake government web portals.
While Bihar and J&K have the least proportion of bank account holders using debit cards at PoS machines, Telangana's record is the highest.
Every customer, on opening a Payments Bank account, will get a cashback of Rs 250 as soon they bring deposits of Rs 25,000 in their bank account. The account will have zero balance requirement and every online transaction (such as IMPS, NEFT, RTGS) will be free of charge.
Online retail is increasing market share rapidly.
A 26-year-old unemployed man, who had been on the run after he allegedly raped and murdered his estranged fashion designer girlfriend in Uttar Pradesh's Noida city, has been arrested from Panvel, the police said on Tuesday.
While some are relatively new in this business, Vodafone, which has 1.8 million touch points in the country, has been offering basic banking and payment services through its pre-paid mobile digital semi-closed wallet called M-Pesa since 2012.
It is up to the bank management to decide which application gets to interact with the CBS
Rediff readers share their Cash Crisis experiences.
'You may show at the end of December how much money has come into the system, but none would be the wiser because most of see only what we want to see and believe.' 'Some of us will see through it and you will make your proxies call us enemies of the State.' 'I was somewhat with you till here. But we diverge from here on until you can do something which will veer through my cynicism brought about by your policy,' says Harsh N Gokhale.
From Singapore to Almora, Abhishant Pant has survived without cash, and he wants to continue in that state all his life.
Jifi is a zero-interest current account with no minimum balance conditions, and can be opened with an initial payment of Rs 5,000.
"Our government does not delay decisions. We neither nurse problems nor keep them pending," Modi said.
Jigisha, 28, was abducted and killed on March 18, 2009 after she was dropped by her office cab.
In the era of e-filing, small mistakes lead either to delayed or complete denial of income tax refunds. So, avoid these 5 common mistakes that could lead to delay in refunds.
More people will be literate, on the Internet, linked to the national identification scheme and likely to receive electricity, especially from alternative-energy sources.
Absence of comprehensive data protection and privacy laws will be barriers in the government's digitalisation drive.
For people at the bottom of the pyramid, which I would rather address as mass market or emerging class; the primary challenge in accessing banking services are not just affordability but applicability and accessibility of services.
For those who are sceptical about using debit or credit cards, even when faced with cash crunch, Adhil Shetty, CEO of BankBazaar.com, lists out a few safe cashless options that can be exercised through mobile phones.
Fraudsters were luring gullible investors of daily returns up to Rs 75,000.
The interface allows you to add multiple banks and transfer money, even between payment wallets, for a fraction of existing costs
If RBI's recommendations are finalised, it will give more teeth to the existing fair practice code
A well-run non-banking company has better margins than a bank, but the objective of setting up Ujjivan was to provide comprehensive financial inclusion, Ujjivan Small Finance Bank MD & CEO Samit Ghosh tells Anup Roy in an interview.
Around 80 mn rural households are estimated to have no access to grid power.
With cyber criminals becoming savvier by the day, learning how to safeguard yourself is imperative.
