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mobile banking News
UPI Alert! Keep your bank account secret even when you make online money transfer; Here is how
Fri, Jan 17, 2020
UPI allows users to transfer money any time, on a real-time basis, across multiple bank accounts, without revealing details of one’s bank account.
Good News! PPF, direct fund transfer to post office schemes to become easier
Mon, Oct 21, 2019
DoP has brought good news ahead of Diwali 2019 for the investors who have opened or want to open Public Provident Fund or PPF or any other saving schemes in the post office.
Why are ATMs in India suddenly running dry again?
Fri, Apr 21, 2017
As per LocalCircles survey, from April 13 - April 16, nearly 46% of Indian citizens could not find ATMs dispensing cash. In the first week of April 2017, about 36% of citizen has reported the similar problem.
Digital payments in India reverse trend, grow in March
Wed, Apr 19, 2017
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."
Growth in digital banking slows down, cash withdrawals fall post March 13
Mon, Apr 03, 2017
State Bank of India, in a research report said, “It may be also noted that with the implementation of ban on cash transactions of over Rs 2 lakh from April 1, further decline in cash withdrawals may be a possibility.”
Two reasons why RBI shouldn't print entire demonetised currency
Fri, Mar 31, 2017
Currency in circulation as on March 24, 2017, was Rs 13.12 lakh crore, Rs 4.85 lakh crore less from total currency of Rs 17.97 lakh crore which stood at pre-demonetisation level.
Mann Ki Baat: PM Modi announces lucky draw schemes for digital payments
Sun, Dec 25, 2016
Prime Minister Narendra Modi on Sunday announced lucky draw schemes for people who use digital payment methods including e-banking, mobile banking and e-wallets.
Digital economy remains a 'no-show' as transactions fails to gain momentum
Fri, Dec 16, 2016
As per RBI, in the month of November 2016, a total of 671.5 million transactions took place with a total value of Rs 94,004.2 billion.
Indian internet users to double to 730 million in 4 years
Thu, Aug 18, 2016
Future of Indian internet users seem bright with NASSCOM predicting 730 million internet users in India by 2020. The growth in internet users will be mainly fuelled by 75% new users from rural areas, The Future of Internet in India report by NASSCOM stated.
RBI's push for unified payments system to make mobile wallets redundant: Report
Sun, May 08, 2016
"If the UPI adoption continues mobile wallets like SBI's Buddy, ICICI Bank's Pockets, HDFC Bank's Chillr and Paytm will be redundant," said the report.