The last few months have been hard on digital wallets which had a short-lived dream run post-demonetisation.
Readers tell us how they are managing without cash since November 8.
The government started promoting cashless transactions but forgot that it needs infrastructure.
They will also have access to banking channels such as ATM, mobile and Internet banking.
The Reserve Bank of India has allowed withdrawal of cash from point-of-sale terminals, where customers swipe their credit or debit cards to pay for purchases. Noting that the use of debit cards has been steadily increasing, an RBI circular today said withdrawal of cash up to Rs 1,000 per day through debit cards issued in India was now being permitted. At present, customers are only allowed to withdraw cash at ATMs.
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.
New offerings by banks are changing the way you transact.
GST will now apply to mutual funds, loan instalments and credit card dues.
ICICI bank waives ATM charges.
It's never too late to teach your child financial matters. Start now.
It will carry out most banking operations like accepting deposits but can't advance loans or issue credit cards.
NPCI calls bids to cover all e-payment transactions where consumer followed procedure; both state and private insurers show interest.
The ambiguity arose after notices were sent to lenders for non-payment of service tax under the pre-GST regime
Credit card major Visa has reported a 66 per cent jump in spending on its cards in India at $3.8 billion for the 12-months ended June 2005.\n\n
Economic activity has regained momentum from late-May after the dent caused by the second wave of COVID-19, and the pandemic's impact on the overall asset quality has been less than expected, Reserve Bank Governor Shaktikanta Das said on Thursday. However, Das flagged rising data breaches and cyber-attacks as among the risks for the recovering economy, along with others like firming global commodity prices. The governor also said the second wave had a "grievous toll" on the country.
Processing fees, pre-payment charges add to expenses; also low rates not for all
All documents and data were safe as there was a Disaster Recovery Centre for every bank
Banks will remain open for the public even on the weekend
Eco affairs secretary says double counting possible; cash availability to improve in three weeks.
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.
Delhi Chief Minister Arvind Kejriwal will soon shift to a five-bedroom duplex flat in central Delhi from his current residence in the Kausambi locality of Ghaziabad.
In one of the biggest ever bank heists, a global cyber crime ring stole $45 million by hacking into credit card processing firms.
After the recent attack on debit cards exposed the gaps in their security systems, banks are getting serious about data privacy.
It is important that children start their financial education at the earliest.
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 government has also announced a slew of measures to ease cash flow for the rural sector.
'It will cause problems for people who deal in small amounts of cash.' 'I hope it does not cause law and order problems.'
Rediff readers share their Cash Crisis experiences.
Bankers need to take a call on whether they will allow technology firms to run banks or banks themselves will turn into tech firms, says Tamal Bandyopadhyay.
A task force will speed up the recalibration of 200,000 ATMs so these can dispense the new Rs 2,000 notes.
The unidentified hackers had executed money transfers on two separate occasions - August 11 and August 13 - which raises the question of why pro-active measures were not taken on the first night itself
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.
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.
With the arrival of new players such as Amazon Pay, Google Tez and Flipkart's PhonePe, digital money companies are now changing their business pitch.
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.
The Health and Family Welfare department had issued a detailed order on Sunday, notifying the lockdown in the whole of Delhi, stipulating various restrictions.
Paying for facilities like issuance of demand drafts, cheque books, credit or debit cards and ATM interchange may soon become passe as public sector lender IDBI Bank on Wednesday waived-off all service charges on current and savings accounts (CASA), the first by any bank.
