Besides the convenience that plastic money accords, it also helps the user to keep an easy track of their expenses.
Move aimed to reduce scope of frauds as electronic payment systems are becoming vulnerable to misuse.
More than 60 individuals and entities, an overwhelming number of them Indians, were on Thursday charged by the Justice Department for allegedly participating in a multi-million dollar scam involving call centres based in India which conned thousands of American citizens.
Want a stress free vacation? Amar Pandit tells you what you need to keep in mind.
The minister also exempted components from taxes to encourage domestic manufacturing of these devices.
Pulbic banks have no reason to cheer Budget announcement.
Exporters can make payment of fees through debit/credit cards.
Customers would be able to make money transfers, pay utility bills and recharge their mobile and DTH connections with just one click and a single PIN entry
For Indian parents, sending a child abroad for a three-year degree could deplete 48% of their retirement savings, while a four-year degree may consume up to 64%.
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
Govt to introduce comprehensive law on black money
Open loop pre-paid cards come with a two-factor authentication. One for ATMs and PoS transactions, and the other for online transactions
It's not e-retailers alone. Bankers are also celebrating initiatives like 'Big Billion Day Sale' this festive season.
Railway Minister Suresh Prabhu on Thursday presented the Railway Budget.
The RuPay card is accepted at all ATMs (1.6 lakh plus), 95 per cent of PoS terminals (9.45 lakh plus) and most of the eCom merchants (about 10,000) in the country.
'It is common knowledge that cash is anonymous.' 'When demonetisation was implemented, one of the intended objectives was to put identity on the cash holdings in the economy.' 'With the return of Rs 15.28 lakh crore in the formal banking system, the almost entire cash holding of the economy now has an address.' 'It is no more anonymous,' says Arun Jaitley.
Central bank raises red flag, warns of potential risk
The Prime Minister's Office has said that these innovations will herald a new era of travelling comfort and enhanced mobility.
Multi-currency pre-paid cards are a good option while travelling abroad.
India's forex reserves recently declined by $704 million to $354.517 billion.
The Insolvencies and Companies Court of London high court on Monday declared fugitive business baron Vijay Mallya a bankrupt person as per UK laws. Legal experts explain what this means for 65-year old Mallya's personal liberties, his legal battle against extradition to India to face trial, and for the consortium of Indian lenders - at whose behest the bankruptcy proceedings were initiated in the UK courts.
Travel companies and agencies are offering early bird discounts going up to 40 per cent. Priyadarshini Maji reports
Obscenity, cheating and sexual exploitation are India's leading cyber crimes, reports Chaitanya Mallapur.
Fraudulent emails exhorting people to deposit cash for reward are on the rise.
Experts say the new guideline is likely to hurt foreign players more, especially card companies such as Visa, MasterCard and American Express who process and store credit card transaction data outside of India.
ICICI Bank, ONGC and Tata Motors contribute to nearly 50% gain seen on the Nifty.
Railway Minister Suresh Prabhu said that the common people have always been the focus of all initiatives by the Indian Railways.
Modi govt says its economic score on all coutns is very good.
Other private banks also planning to employ bots soon
Before Lok Sabha and Rajya Sabha was proceedings were disrupted by a relentless Opposition over the demonetisation issue, other topics such as compensation for military personnel, counterfeit notes were spoken of. Here's what happened in Parliament.
A review of key pronouncements he made in his first Independence Day Speech on August 15, 2014.
Exchanges believe its legal status may now change, with the government pushing for digitised transactions.
Ajit Balakrishnan offers a New Year resolution for our policy-makers.
'This wipes out the entire black money in the nation in one stroke. Ninety per cent plus of the black money is kept in Rs 500, Rs 1,000 notes. What they have done is a brilliant move.'
As lobbying and counter-lobbying intensify, right now, it looks like a T20 match, discovers Tamal Bandyopadhyay.
'If this first instalment of advance tax is paid by June 30, instead of June 15, then the interest on delayed payment will be levied at 0.75% per month instead of 1% per month,' notes Homi Mistry, a partner with Deloitte India.
Expressing happiness over the growth of the banking sector in the last 10 years, Finance Minister P Chidambaram today described it as a great achievement of the United Progressive Alliance rule.
Two non-government organisations run by social activist Teesta Setalvad and her husband have been served notice by the home ministry for alleged violations of the Foreign Contribution Regulation Act and asked to reply within 15 days.
The central bank dashed hopes of any steep interest rate reduction.
