The Bharat Interface For Money app was launched on the iOS platform earlier this month. It is also available on the more popular Android platform. There have been over 17 million downloads of the BHIM app so far.
Banks shall not charge fees for transactions settled on IMPS and UPI in excess of rates charged for NEFT for transactions above Rs 1,000, the order said.
Many of us have the tendency to just pay the amount due, without caring to give the bill a proper reading.
There are several conditions that banks look at before giving out credit cards. Here's what you must know before applying for a credit card.
Debit cards may have made it easy for us to forgo carrying any cash. Only, these cards have transactional hazards and are known to have let down their users on occasions.
Two hundred Malaysians are now among the first in the world to pay for goods and services using their cellular phones which can act as extensions of their Visa credit cards.
While most banks in India store all this data on Indian servers in their core banking systems, the current directive addresses new-age payment and fintech companies operating in the space
At issue size of Rs 10,355 cr, the offering will be Asia's biggest this year and fifth-largest domestically.
Not filing an ITR or paying the tax dues on the deceased's behalf can lead to penal consequences.
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A discount on the product may make a credit card loan seem cheaper than a consumer durable loan. But missing a payment in case of the former will mean exorbitant charges.
Confused while reading your credit card bills? Here's help.
Do you know what are the pros and cons of using a credit card and/ or debit card? Here's a simple take on which is better and which is not.
Hackers in support of WikiLeaks have brought down the websites of credit-card giants Visa and MasterCard in the ongoing cyber-war between sympathisers of the whistle-blower site and firms trying to stifle it.
There is no such thing as 'free' credit cards. Most of the charges associated with your card are not even told upfront to you. Knowing about these various fees and charges will put you in good stead and help you use your card prudently.
We cut through the technical jargon and help you understand your credit card bill.
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.
If you are a compulsive credit card user and are at a loss about how to regulate your credit card spend, here is help at hand!
Even before the first salary is credited, there is an EMI to be paid.
The company has tied up with Axis Bank as its merchant bank to facilitate card transactions in its cabs.
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 credit card is part of a system of payments named after the small plastic card issued to users of the system. It is a card entitling its holder to buy goods and services based on the holders promise to pay for these goods and services.
Get set for a whole new range of credit cards. Plastic cards will be passe soon. They will be replaced by the next generation of credit cards, which is all set to make its debut!
PAN will be a must for all transactions, including purchase of jewellery, above Rs 200,000 with effect from January 1, 2016
Why is the RBI harsh on Paytm Payments Bank? Why did it give Rana Kapoor of Yes Bank Ltd such a long rope?Often, it's a long investigation process, but the RBI doesn't discuss this openly since that can threaten financial sector stability, explains Tamal Bandyopadhyay.
The cards should be issued strictly for use in India and transactions settled in Indian rupee.
'A mule operates someone else's account to transfer illegal money.'
State Bank of India partnered GE Capital in 1998 for its credit card business.
LIC will kickstart its credit card business in September 2008.
Debt trap, credit quicksand, money tangle... credit cards have often been called a number of names by the savvier-than-thou. But used right, they can actually prove to be boons. Here are some benefits of owning the plastic...
The more you know about using a new credit card, the more you reap!
Under pressure on the black money issue, the government plans to monitor high-value savings and investments more closely to net tax evaders.
The facility has been made available at 19 places in Parliament, including canteens for MPs and media as well as in the Central Hall.
Can you imagine your life without a credit card? Whether it's to make payments online, shop till you drop, or for use as a lifeline in an emergency, the arrival of the credit card has been fortuitous both for the consumer, as well as the credit card company.
The government has opted for the RuPay debit card over the Aadhaar-based platform for "last-mile" authentication in its Pradhan Mantri Jan Dhan Yojana.
The credit card user base is expected to reach 50 million by 2010. Incidentally, the number of people unhappy with their credit card companies are also increasing. Tell us if you are happy with your credit card company.
The NPCI has permitted non-residents from 10 countries, including the US, Canada and UAE, to digitally transfer funds using the UPI platform from NRE/NRO accounts. The National Payments Corporation of India (NPCI) in a circular said it has been receiving requests for allowing non-residents to use international mobile numbers for transacting in Unified Payments Interface (UPI). Accordingly, the NPCI in a circular dated January 10 has asked the UPI participants to put in place a mechanism by April 30 under which non-residents having NRE/NRO accounts will be allowed to transfer funds using their international mobile numbers.
The Association of Payment Clearing Services said that the 25 per cent initial rise in fraudulent use of British credit and debit cards in three years was mainly due to stolen and counterfeit cards used abroad. Card fraud overseas rose by 77 per cent last year to 208 million, 39 per cent of the total. There have been several instances of British consumers reporting money withdrawn from their accounts in India, The Philippines, Australia and Canada.
The banking regulator of the country, Reserve Bank of India, does not have any information about 'heavy penalties' and 'extra-ordinary interest rates' imposed by banks on credit card defaults.
