Sat, Sep 21, 2019
RBI on Friday issued a notification titled 'Harmonisation of Turn Around Time (TAT) and customer compensation for failed transactions using authorised Payment Systems.
Mon, Jul 22, 2019
This credit card can be used at RuPay card accepting points in India and JCB card accepting points outside India for both POS and bank ATM.
Thu, Jun 27, 2019
Equipped with card swipe facility, the micro ATMs can even operate via fingerprint scanner.
Wed, Apr 19, 2017
The market often confuses liquidity with institutional activity (net purchase or sale), in our view, Prasad added.
Vivek Kaul, author of Easy Money trilogy said, "There is a seasonality factor as well. March is the last month of the financial year and digital payments seem to go up during the course of the month, as people pay their taxes (advance income tax and service tax) as well as settle business payments between them."
Tue, Apr 11, 2017
The survey stated, RBI's move in lifting up withdrawal limit on March 13, 2017, could have attributed to the happenings.
Sat, Apr 01, 2017
He attributed this to Prime Ministers Narendra Modi and Justin Trudeau "connecting well" with each other.
Tue, Mar 07, 2017
The survey said, “Consumers are of the opinion that instead of reducing the cost of digital transactions, private banks are trying to show the stick to the customer and forcing them to go digital. Consumers are very concerned with the cost of digital transactions and many of them have reported that merchants are still charging 2% additional for debit, credit or wallet transactions.”
Mon, Mar 06, 2017
One of the reasons could be the rise in cash withdrawals since January 2017. RBI data show that people have already started withdrawing cash from their bank accounts in large numbers which has led to slowdown in digital transactions.
Sun, Feb 19, 2017
The survey asked 1,000 consumers about their attitudes towards using their mobile phones to make purchases. It found that 93% of respondents were interested in using electronic payments more often.
Wed, Feb 08, 2017
"The RBI is deciding on this... it is work in progress. I am sure as volumes (of digital transactions) are increasing, the charges will come down," the Finance Minister Arun Jaitley told the Rajya Sabha during the Question Hour.
Mon, Jan 23, 2017
Aseem Manchanda reports that NITI Aayog has sent a proposal to the Government stating that customers should be able to deposit or withdraw money from their accounts from any bank.
Mon, Jan 16, 2017
People can now withdraw from ATMs up to Rs 10,000 per day from their earlier limit of just Rs 4500 per day. While limit on withdrawal from current accounts have been enhanced to Rs 1,00,000 per week from Rs 50,000 per week. This also extends to overdraft and cash credit accounts too.
Sun, Jan 15, 2017
The government`s November 8move last year to demonetise higher-denomination currencies was said to be aimed at tackling the issues of black money and counterfeit notes.
Tue, Jan 10, 2017
In a move to increase non-fare revenues and to promote ease of railway ticketing through digital transactions, Railway Minister Suresh Prabhu on Tuesday inaugurated several policy initiatives.
It was a marriage with a difference. A cashless wedding was solemnised at a temple at Badia in East Singhbhum district within hours of a toilet being built at the groom's house.
Mon, Jan 09, 2017
In another means to obtain non-fare proceeds, the government will now be gearing up to earn advertisement revenues to the tune of Rs 2,000 crore from corporate giants who will soon be able to use trains as ad spaces.
Sun, Jan 08, 2017
A parliamentary committee, probing the government`s decision to scrap high-value bank notes, has sent the country`s central bank governor a list of questions on the demonetisation process and asked him to appear before it on Jan. 20.
Tue, Jan 03, 2017
RBI said, "On observing that bank notes, being supplied to rural areas, at present, are not commensurate with the requirements of rural population, some steps have already been initiated."
Sat, Dec 31, 2016
More than two-thirds of ATMs continued to run dry across the country till Friday as banks chose to distribute cash to customers through branches rather than refill machines that could be accessed by all debit card holders,
Indians lined up outside banks across the country on Friday, the last day for them to deposit their savings or see them become worthless after large denomination notes were scrapped in a bid to fight corruption.
Sun, Dec 25, 2016
Restrictions on withdrawal of cash from banks and ATMs are likely to continue beyond December 30 as currency printing presses and Reserve Bank of India (RBI) have not been able to keep pace with the demand of new currency notes.
Thu, Dec 22, 2016
Prime Minister Narendra Modi shocked the country on Nov. 8 by abolishing 500 and 1,000 rupee notes, which accounted for 86% of the cash in circulation. The move was aimed at cracking down on the shadow economy, but has brought India`s cash economy to a virtual standstill.
By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.