What to keep in mind before you swipe your credit cards at foreign locations and three things you must do before leaving for your journey
As many as 140 million customers of HDFC Bank and Axis Bank are expected to face interruption in banking services in the weekend due to the former's system upgrade and the transition of Citi India business to the latter. Both the banks have notified their customers about the interruption in services. HDFC Bank - the country's largest private sector lender with 93.2 million customers - had announced that it will undertake a system upgrade on July 13, wherein it will migrate its core banking system (CBS) to a new engineered platform to enhance customer experience.
Keep in mind interest rate, tenure and additional charges if you exceed credit card limit
The country's credit card population fell to 18.3 million as of end-March from a peak base of 28.3 million in April 2008.
Taxi passengers in Bangkok will soon be able to pay their fares with a credit card, making Thailand the first country in South East Asia to use the integrated system that comprises an automatic controller, handheld card reader, printer, meter and dis
Transcript of the banking chat with Y B Desai, former chairman and managing director, Exim Bank, Mumbai.
InvestmentYogi explains 10 occasions when credit card usage should be restricted, to avoid the vicious circle of debt.
Reserve Bank of India (RBI) Governor Shaktikanta Das said on Friday said the central bank has developed an innovative artificial intelligence and machine learning (AI/ML) based model MuleHunter.ai to address the growing issue of mule bank accounts that are often used for committing financial fraud. Developed by the Reserve Bank Innovation Hub, the new initiative is piloted with two public sector banks.
Inaugurating the Grameen Bharat Mahotsav, the Prime Minister exuded confidence that villages will play a key role in pushing forward the dream of Viksit Bharat by 2047.
Here's clearing this credit card misconception floating around in India
'Save the entire chain of e-mail exchanges so that you have documented evidence to show you informed the bank about the issue.'
'In restaurants, the waiter takes your card and then comes back with the machine. Don't allow that.' 'Let him come to you with the machine and then enter the card and the PIN yourself.'
Surprised? Here's how a credit can benefit you.
Partial credit card payments, high credit card debt and defaults on previous loans make lenders charge you more on home loans.
To increase the adoption of credit on United Payments Interface (UPI), National Payments Corporation of India (NPCI) is looking at an interchange fee for transactions lower than that for a credit-card transaction. Sources in the know said these charges could be 1-1.2 per cent. Fintech participants concur with the view that the interchange fee is expected to be lower than that for a credit-card transaction.
If a consumer spends Rs 50,000 on a credit card and only pays off the minimum amount of 5 per cent due every month, then at an interest rate of 34 per cent per annum it will take him about 11 years to completely pay off the amount with the total interest payable at Rs 57,000.
Plastic is shaping up to be the next chapter in the financial meltdown. What Americans need to know.
Make minimum payments on all debts, then use extra funds to tackle the smallest debt first.
Here's the lowdown on how to choose a credit card that best suits your wallet.
Basic precautionary tips to save you from online and credir card fraudsters
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.
Harshala Chandorkar of CIBIL will answer your queries on how to read a credit report between 3 pm and 4 pm on Monday, August 19.
Weighed down by mounting outstandings and non-performing assets (NPAs), credit card companies are taking strong measures that include slashing new card issuances and credit limits for existing customers.
Eleven people in the United States, the UK and Vietnam have been arrested and accused of running a $200-million worldwide credit card fraud ring, US and UK law enforcement officials said.
The Reserve Bank of India would appoint Ombudsman Serving Officers in addition to ombudsmen already functioning at different centres in the country to redress complaints, especially regarding credit cards.
If not, then do it now. Buy a credit protection plan. Depending on the plan you buy such programmes protect you for up to a maximum of Rs 25 lakh in the event of misuse.
More cases of international credit card fraud with links to India have come to light in Britain, even as authorities refused to rate the problem from Indian cities as very high.In a latest incident, a British journalist discovered that money was withdrawn from his bank account in Chennai this week, while nearly 500 others in Bournemouth suffered the same fate.
Instant approval, no due diligence, conversion to easy-to-pay EMIs, nominal processing fees are some of the reasons why credit card loans are better
Abroad, credit card companies like Visa and MasterCard help customers if there's a problem in the product or service purchased. But, in India, your only hope is the consumer courts
The Life Insurance Corporation of India is believed to be talking with GE Capital Services, the largest issuer of private label credit cards in the world, for a foray into credit cards.
India-born US Attorney for the Southern District of New York Preet Bharara said while 11 individuals were arrested in the US, another 13 were arrested in the UK, Bosnia, Bulgaria, Norway and Germany in the largest coordinated international law enforcement action in history directed at the 'carding' crimes -- offences.
Converting credit card outstandings to a personal loan reduces the interest burden. But one needs to select the right tenure.
The Monopolies and Restrictive Trade Practices Commission passed the direction on a complaint from a credit card customer of the bank that he was wrongfully billed for a cash withdrawal of Rs 16,000, although he had never used the card in an ATM.
Apart from the exciting and often tempting credit card offers, have we ever looked at the fine print, the stuff that actually makes the difference between a good and a bad choice? Most probably, not. Here is some information you should always look at before you opt for a credit card.
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