Important points to remember when you think of transferring your credit card balance.
The vertical will be based out of Bengaluru.
The customer needs to be in the proximity of 15 cm from the merchant terminal.
While analysts assessed One97 Communications (Paytm) Q1FY24 results as in-line with guidance, the market was disappointed and the stock fell by around 5 per cent. Paytm reported a net loss of Rs 360 crore, but revenue grew 39 per cent year-on-year (YoY) to Rs 2,340 crore. It was supported by strong growth in gross merchandising value (GMV), higher disbursements and the addition of subscription devices.
When you pay by cash, the pain is the highest and when you pay by credit card, the pain is reduced considerably.
The service will be available through its 1,000-plus ATMs spread across the country. The bank has received an approval from the Central Board of Direct Taxes for this facility in the country.
At the heart of Paytm's slide lies the abject failure of its Super App strategy, notes Indrajit Gupta.
Though reward points should not be a primary concern while opting a credit card they do hold some monetary value. Be sure to redeem your points on time and make the best use of your card.
Regulators will need to allow the model to evolve to allow profits to flow, says Una Gulani.
Uber had run into trouble with the RBI over the two-payment process
Rajiv Raj tells you why a store credit card is not a good idea, even though you are tempted with extra 'savings' of 10 per cent on your purchase or a 5 per cent cash back or a 'sign on bonus'.
5 precautionary measures you must take to prevent any misuse of your credit card.
The Reserve Bank is planning to extend wholesale Central Bank Digital Currency (CBDC) for transactions for interbank borrowing or call money market, sources said on Tuesday. The pilot in the wholesale segment, known as the Digital Rupee -Wholesale (e-W), was launched on November 1, 2022, with the use case being limited to the settlement of secondary market transactions in government securities. "RBI is now planning to go into the interbank borrowing market.
In a press note issued earlier in the day, the Raj Niwas officials said Saxena had approved an increase in the adhoc monthly relief to Kashmiri migrants in the national capital from Rs 10,000 to Rs 27,000 per month.
Reward points should not be considered as a primary factor when choosing a card. Always remember these points should be considered as an auxiliary benefit you derive due to using your card or staying loyal; they should never become an inducement to spend more.
Payment banks may not be viable option to attain financial inclusion.
Not filing an ITR or paying the tax dues on the deceased's behalf can lead to penal consequences.
Ways on how consumers can maximise benefits.
Be careful if you find your postal mails/ bank and financial statements intercepted, pilfered or tampered with.
Watal panel had suggested an independent payments regulator be set up.
HDFC bank and Reliance Communications have launched India's first virtual credit card. HDFC credit card users can use their Reliance mobile phones to make payments.
While managing rising EMIs can be challenging, the right strategy can help individuals can ease their financial burden, says rediffGURU and financial planning expert, Colonel Sanjeev Govila (retd).
Karnataka Chief Minister Siddaramaiah on Monday launched payment of cash in lieu of the additional 5 kg of rice to beneficiaries under the government's 'Anna Bhagya' scheme.
Rediff.com spoke to registered investment advisors to figure out how best the extra Rs 17,500 saved ever year can be invested to create a decent corpus in the years ahead. This is what they said.
A primer on how to choose correctly between swiping your card and applying for a loan...
'A mule operates someone else's account to transfer illegal money.'
India Pay, the new payment system, will handle all domestic transactions and work with payment networks like Visa and MasterCard for international transactions undertaken by Indian cardholders or foreigners visiting to the country. Once the processing work shifts to India, transaction costs will come down. At present, the fees charged by Visa and MasterCard are relatively high.
Maharashtra transport commissioner Vivek Bhimanwar told PTI that the Porsche car was imported in March by a dealer in Bengaluru and from there it was sent to Maharashtra on a temporary registration.
As the POS machines are not easily accessible to customers, cashiers are asking customers to tell them the PIN so that they can enter it.
Consumers in India are growing more comfortable with using their debit cards to pay for purchases, according to Visa's latest Global Payment Tracking (GPT) Survey.
Payments made by any person of an amount aggregating to Rs 100,000 or more in cash towards credit card dues will have to be reported.
The National Payments Corporation of India, the owner of IndiaPay, will fire the first salvo by charging only half what MasterCard and Visa levy on merchant establishments.
While several banks and ATMs are providing cash far below the allowed limit every now and then due to cash shortage, the damage caused by the cyclone has dealt a further blow with movement of cash vehicles coming to a grinding halt, resulting in empty ATMs.
Move aimed to reduce scope of frauds as electronic payment systems are becoming vulnerable to misuse.
Research well all the ifs and buts carefully before accepting such policies.
I believe the central bank has been very pro-active about introducing dynamic authentication systems like the two-factor authentication for online transactions. I believe this has really given a boost to e-commerce in India.
Experts believe that the government needs more innovative ways to secure the cyber space in the country and a cess is more like a punishment which would not help in the long run.
In an online chat with readers on October 14, Anil Rego answered their credit card queries.
