Indian Railway Catering and Tourism Corporation has tied up with a private player for 'e-dakiya' cash on delivery services on a separate portal, bookmytrain.com.
Maharashtra witnessed the maximum number of fraud cases relating to credit/debit cards and internet banking in 2012.
Mayank Goyal, founder and CEO, moneyHOP, will answer queries related to how to best manage your money while travelling internationally.
Customers are increasingly preferring to pay through EMIs while buying high-value consumer items, as affordability has become a key factor in the post-pandemic scenario, payments solution provider Ezetap said on Thursday. Buying ability of consumers across the country has been significantly reduced due to the pandemic. They are either avoiding a single big payment or entirely skipping to buy any new item, Ezetap said.
Avoid getting into a debt trap by using your credit judiciously. Anil Rego explains how
Only a small percentage of passengers who traveled on the trains involved in the June 2, 2023 accident in Odisha had availed of travel accident insurance while booking their tickets online on the IRCTC portal.
The temptation to get into businesses that are hot is perhaps too great for any politician, no matter what his public slogans are. Nehru plunged into hot sectors of his time -- engineering and iron and steel. Modi has plunged into digital payments -- the hot sector of his time, notes Debashis Basu.
The RBI on Wednesday banned zero per cent interest rate scheme for purchase of consumer goods, a move intended to protect customers but may dampen the festive spirit.
India's top payments service provider Financial Technologies-promoted atom technologies, Visa and Reliance group's Reliance Securities have come together to enable 1 million customers of Reliance Securities to make online money transfers to their broking accounts through atom's payment solutions, using any Visa debit card.
The development makes Citibank India the first country franchise within Citigroup to launch an industry innovative mobile payment solution, which has been developed with its technology partner Ezetap.
In the domestic market, the cost is a third but in the international market, we are finding it difficult to price it accordingly.
Prime Minister Narendra Modi's maiden speech from Red Fort last Independence Day outlined some grand programmes. Shehzad Poonawalla does a quick check on the progress made.
Use cheques, cards to check black money, says Jaitley.
'A credit line on UPI is going to make banks think about credit fundamentally as they digitise the credit process entirely.'
Based on radio frequency identification technology, the phone will work like a credit or debit card.
The minister asked jewellers not to recover transaction charges for use of debit or credit cards from customers.
The Reserve Bank of India (RBI) announced new rules for credit cards, applicable from July 1. "These directions cover the general and conduct regulations relating to credit, debit and co-branded cards which shall be read along with prudential, payment and technology & cyber security related directions applicable to credit, debit and co-branded cards, as issued by the Reserve Bank," the circular by RBI said. Business Standard culled out key rules from the list, and asked financial experts for advice on them, along with the thumb rules one needs to follow while using credit cards.
The discount will be by way of cash back which will be credited to the buyer's account in three days from the transaction
A massive data breach that has implications for national security was unearthed by the Cyberabad Police in Hyderabad, who arrested seven people of a gang allegedly involved in the theft and sale of sensitive data of the government and important organisations, including details of defence personnel as well as the personal and confidential data of about 16.8 crore citizens.
The data show close to 72.5 million accounts have been opened till November 10 with an average 500,000 opened every day.
The review plea filed on May 10 said, "There are mistakes and errors apparent on the face of the impugned order..., and as such there are sufficient reasons which require review of the impugned order/judgment..."
Soon, one will be able to pay utility bills at the local supermarket, while buying groceries, with the RBI allowing the setting up of payment banks.
It is important that children start their financial education at the earliest.
RBI data on Dec 2014 showed 1.05 million PoS machines in the country.
Looking to regain lost ground in the credit cards segment, HDFC Bank on Monday announced a tie-up with leading payments company Paytm to start selling co-branded plastics before the onset of the festive season. The credit cards will be powered by Visa and will include offerings targeted at millennials, business owners and merchants, an official statement said. Paytm has a reach of over 330 million consumers and 21 million merchants, while HDFC Bank has over 5 million debit, credit and prepaid cards, and serves 2 million merchants through its offerings.
Providing the much-needed relief to the common man, banks have been asked by the regulator not to charge any fee for cash withdrawals using ATM and debit cards issued by other banks from April 1. However, banks can still charge extra for services such as cash withdrawal with the use of credit cards and at ATMs located outside India.
Your nearest grocery shop might soon become a one-stop shop for depositing and withdrawing money.
Axis Bank on Wednesday said it has completed the acquisition of Citibank's retail business in India for a final cash consideration of Rs 11,603 crore. The sale excludes Citi's institutional client businesses in India. The third-largest private sector bank said the acquisition, announced first in March last year, will not necessitate any new capital requirements and stressed that the attrition numbers on customers are much better than expected.
Mumbai Metro commuters get top-up facility.
Under pressure on the black money issue, the government plans to monitor high-value savings and investments more closely to net tax evaders.
Surge in UPI transactions is because of an increased consumer interest in making bill payments and recharging mobile phones online, and purchase of non-essential goods on e-commerce platforms.
Mihir Tanna, Associate Director, S K Patodia & Associates, will answer your personal income tax queries.
On instructions from Finance Minister Pranab Mukherjee, the Intelligence Bureau has taken up the task of identifying a sudden quantum jump in the amount of foreign money flowing in the country through withdrawals by foreigners on credit and debit cards issued by foreign banks.
On instructions from Finance Minister Pranab Mukherjee, the Intelligence Bureau has taken up the task of identifying sudden quantum jump in the foreign money flowing in the country through withdrawals by foreigners on credit and debit cards issued by the foreign banks.
In the next few days, use credit/debit cards wherever possible or download your bank's mobile banking app or a mobile wallet.
Besides the convenience that plastic money accords, it also helps the user to keep an easy track of their expenses.
So how does one protect themselves from misuse of their credit cards? Here are a few helpful suggestions.
