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3 mins read

Paying credit card bills on the last due date will no longer cost you late payment charges — thanks to round-the-clock NEFT

Those who use credit cards know that there is nothing like a last-minute payment. Most of the pay…

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Yes Bank users can now make over Rs 2 lakh payments towards loans, credit cards via other bank a/cs

The bank on Tuesday allowed inward IMPS and NEFT services to enable its customers to make payments…

PTI   


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1 min read

Mobile wallet for government services will be a reality soon

As of now, most government payments and receipts are done either through cash or cheque. However, u…

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2 mins read

RBI allows banks to issue RuPay prepaid forex cards

By promoting electronic payments, RuPay aligns with the Reserve Bank of India's goal of fostering a…

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Delhi HC seeks RBI stand on PIL seeking uniform banking code for foreign exchange transactions

The Delhi High Court on Monday sought a response from the Reserve Bank of India (RBI) on a Public I…

ANI   


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IDFC First Bank announces zero-free banking on savings accounts

The Bank has waived off fees on 25 commonly-used banking services related to savings accounts such …

ANI   


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Paytm se UPI — a nod to cashless economy

Traditional methods of fund transfer, such as Immediate Payment Service (IMPS), Real Time Gross Set…

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2 mins read

Central bank digital currencies could save global corporations $100 billion per year, JPMorgan says

The 35-page report looked into a CBDC network that operates 24/7 and focused on Southeast Asia, whi…

Isabelle Lee   


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Banks in India are reportedly softening their stance on crypto trading

Banks allowing for crypto transactions may not entirely have to do with them becoming crypto…

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1 min read

Unocoin launches deposits via UPI wallet to buy and sell Bitcoins and other cryptocurrencies on the platform

To trade on the Unocoin platform, a minimum top-up of ₹1,000 is required. The maximum that the u…

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INTERVIEW: Here’s why this cash management firm is going for an IPO when Indians are being pushed to go cashless

Mumbai-based cash management company CMS Info Systems that has opened its initial public offering (…

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2 mins read

Users not able to deposit money on Indian crypto exchanges right now, as banks get cold feet

“If you make any INR deposit via IMPS/NEFT/RTGS to our PayTM Bank account after 11:59 p.m IST,…

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1 min read

RBI cuts money market trading hours by half to reduce stress on its staff

All markets operations including term money, market repo and tri-party repo in government securi…

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3 mins read

Dogecoin surge sends WazirX servers panting for help – users report failed transactions, delays in orders

The Dogecoin frenzy has left one of India’s largest cryptocurrency exchanges panting for breath, wi…

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1 min read

Bank of Baroda completes IT integration with 132 branches of erstwhile Vijaya Bank

"We took an incremental approach for migration. As a test case, we first migrated one branch of Vij…

PTI   


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Coronavirus: Wash hands after handling currency notes, appeals IBA

Assuring that IBA and all its member banks would provide uninterrupted banking services, it appeal…

PTI   


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Customers deposits absolutely safe, bank in talks with investors, says RBI-appointed admin

Troubles at new-generation private sector started brewing up ever since the the Reserve Bank denied…

PTI   


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FIEO to urge RBI to shift exporters' Yes Bank Nostro account to other banks

"We are taking up with the RBI that payment pending in Nostro account of Yes Bank or to be receive…

PTI   


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Coronavirus: EPFO advises beneficiaries to not to visit its offices

Similarly, a pensioner can download his/her pension payment order (PPO) or preserve it in Digilock…

PTI   


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Where we can get fastag card and what are the charges of this card

FASTag can be got from any toll plaza or from different issuer agencies like banks. Some banks…