India360: How will customers benefit from My Card, My Choice?
Thu, Jul 06, 2023
My Card, My Choice: To give a boost to RupayCard, a new rule will be introduced on debit, credit and prepaid cards, now customers will be able to choose their desired card while taking the card from the bank, what will be the benefit to the customers from My Card, My Choice
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No TCS on overseas payment through international credit, debit cards: Finance Ministry
Fri, May 19, 2023
Facing backlash from a wide section of people, the Finance Ministry said the move is aimed at removing procedural ambiguity with regard to Liberalised Remittance Scheme (LRS) and the levying of Tax Collected at Source (TCS).
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Aapki Khabar Aapka Fayda: Now Online Payment Will Be More Secure, Card Tokenisation To Come Into Effect From October 1
Tue, Sep 20, 2022
The trend of online payment through credit and debit cards has increased rapidly in the country, but with this, the cases of online fraud have also increased. In such a situation, to secure credit and debit card transactions, RBI is going to implement tokenisation system from October 1. The complete details of the customer's card will be converted into a token. With the help of this, the customer will be able to make payment on any third party app, point of sale. The merchant will not have any data related to the card. Unique tokens will be issued for every transaction. Watch this special report of Aapki Khabar Aapka Fayda.
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Credit Card: Credit card spend crosses ₹1.13 lakh crore in May, RBI data
Wed, Jun 29, 2022
Credit card spends have climbed fast and hit a record high in May. The amount of money customers spending online through credit card was also quite high. Data released by the Reserve Bank Of India shows card spending in May reached ₹1,14,000 crore.
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Big relief to Mastercard: RBI removed restrictions, now the company will be able to add new customers
Fri, Jun 17, 2022
On Thursday, RBI has given a big relief to Mastercard. The Reserve Bank has lifted the ban on the company. RBI had banned the issuance of new cards on MasterCard from July 2021 for non-compliance with the guidelines for data storage.
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5 Types Of Credit Card Charges You Must Be Aware Of
Mon, Mar 07, 2022
A Credit card allows a user to purchase items without paying in cash. Even though it gives you an interest-free loan for a certain period of time, outstanding payment charges are always very high. A credit card comes with certain types of charges. Here are 5 types of credit card charges that you must be aware of.
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What is Credit Utilization Ratio? Know The Pros And Cons Of An Increased Credit Limit
Sat, Feb 26, 2022
"With great power comes great responsibility"... A credit card can be a very strong asset, if used properly. However, a lot of consumers do not understand the pros and cons of a credit card, its UT ratio and the credit limit. While an increased limit can come handy during tough times, there are some points you must remember before you opt for it. Watch the full video for more.
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Useful info for SBI customers: How to generate new PIN for debit card? You have to do this
Thu, Jan 06, 2022
There are several facilities offered by the State Bank of India (SBI) its customers. The SBI customers must note that in case of any misplacements or other troubles, they can generate their Debit Card PIN just by a phone call.
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Online credit and debit card rules to change from January 1; know how tokenization to impact transactions
Thu, Dec 23, 2021
The Reserve Bank of India (RBI) has instructed all merchants and payment gateways to erase sensitive customer information from debit and credit cards that is saved on their end in order to make online payments safer and secure.
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Lost your SBI debit card? See how to block your card and re-issue a new one
Fri, Nov 12, 2021
The immediate thing to do if you have lost your debit cards is to block your card. The State Bank of India (SBI) has recently shared the process of blocking one's old debit card and how to reissue a new one.
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PNB Debit Card: Know how to enable it for contactless e-commerce and international transactions
Fri, Oct 22, 2021
One can enable the PNB debit card for contactless, e-commerce and international transactions through internet banking, PNB ATMs, PNB One, PNB Official Website and PNB call centre.
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