UPI’s New Features such as ‘UPI Circle’ Threaten Debit Card Usage Amid Decline
The Unified Payments Interface (UPI) is poised to capture a larger segment of the debit card market, accelerating the decline...
Finance
RBI Penalty on HDFC Bank: Understanding the Rules Recovery Agents Must Follow
The RBI's penalty on HDFC Bank for violations related to recovery agents highlights the importance of adherence to guidelines protecting...
Banks May Soon Operate 5 Days a Week, With Extended Working Hours by Up to 40 Minutes
Bank employees could soon benefit from a 5-day workweek, while customers may see extended banking hours, pending government approval. The...
RBI Imposes Penalties on Axis Bank and HDFC Bank for Regulatory Compliance Failures
Axis Bank and HDFC Bank face combined penalties of ₹2.91 crore for lapses in regulatory adherence. The Reserve Bank of...
New PPF Rules for 2024: Three Significant Changes Effective October 1
Starting October 1, 2024, the Department of Economic Affairs (DEA) will implement several new regulations for Public Provident Fund (PPF),...
RuPay, Visa, or MasterCard? Starting September 6, You Can Choose Your Credit Card Network
With the RBI's new guidelines, credit cardholders will have the flexibility to select their preferred card network, fostering competition among...
IRDAI Issues Master Circular on Policyholders’ Rights: Key Claim Settlement Rules and Guidelines
New regulations streamline claims settlement, mandate electronic policies, and enhance transparency for life and health insurance policyholders. In a significant...
Banks Stick with OTPs, Slow to Adopt RBI’s New Payment Security Methods
The reluctance of bank' reluctance to adopt new authentication methods is largely due to their satisfaction with the existing one-time...
Missed Tax Filing Deadline? You Can Amend Your Tax Return Until December 31, 2024
In New Delhi, the deadline to file Income Tax Returns (ITR) for the fiscal year 2023-24 was July 31, 2024,...
Anil Ambani Banned from Trading for 5 Years and Hit with Rs 25 Crore Fine by SEBI – What’s the Full Story?
In a significant move, the Securities and Exchange Board of India (SEBI) has barred Anil Ambani and 24 other entities...
2024 Home Loan Rates: Top 5 Banks Offering Competitive Options
When considering a home loan, one of the most crucial factors to weigh is the interest rate offered by different...
IndusInd Bank to empower Indian Para-athletes for the Paris 2024 Paralympic Games as Official Banking Partner to Paralympic Committee of India
The Bank celebrates the resilience and achievements of Indian Para-Athletes with the digital campaign #HarKadamJeetKa Mumbai, August 23, 2024: IndusInd...
RBI Introduces Auto-Replenishment for FASTag and NCMC Under E-Mandate System, Simplifying Recurring Payments
n a recent development, the Reserve Bank of India (RBI) has announced the inclusion of auto-replenishment for FASTag and National...
PhonePe enables ‘Credit Line on UPI’. Click to learn more and how to enable it
Digital payments platform PhonePe has introduced a new feature called ‘Credit Line on UPI,’ enabling consumers to link their bank-provided...
Simplifying Your PF Withdrawals: A Step-by-Step Guide Using the UMANG App
Withdrawing your Provident Fund (PF) money is now easier than ever, thanks to the UMANG app. This government-backed app offers...
