EPFO releases pension and arrears, accepts workers demand for commutation; here's all you need to know
The Employees' Provident Fund Organisation (EPFO) on Monday released Rs 868 crore pension along with Rs 105 crore arrears on account of the restoration of commuted value of (higher) pension.
Average daily transactions through the Aadhaar-enabled payment system (AePS) has doubled to Rs 113 crore
India Post Payments Bank crosses 2-cr customer mark; rural banking infrastructure increases by almost 2.5 times, says Ravi Shankar Prasad
According to a statement, IPPB had reached the landmark of one crore customers in August last year - its first year of operations.
Aadhaar-enabled Payment System: How to avail banking services on NPCI platforms; all you need to know
Aadhaar-enabled Payment System (AePS) has crossed the milestone of over 200 million transactions during July this year
NPCI's Aadhaar-enabled Payment System (AePS) is a bank-led model which allows basic interoperable banking transactions at PoS or MicroATM through business correspondent of any bank.
The umbrella body for digital transactions, NPCI, on Monday said that Aadhaar enabled Payment System (AePS) crossed the milestone of over 200 million transactions during July this year
UIDAI asks banks to use Aadhaar eKYC for govt subsidies, welfare scheme users; various options listed for other customers
Physical Aadhaar card can be used for verification in an offline mode if produced voluntarily
The merchant discount rate (MDR) will be borne by the government for two years with effect from 1 January 2018 by reimbursing the same to the banks.
"Any citizen without access to smartphone, Internet, debit or credit cards will be able to transact digitally through the BHIM-Aadhaar platform," Modi said.
The Aadhaar program is one of the technology success stories of India, and is an initiative unparalleled in scope anywhere else in the world.
Aadhaar proves its usefulness again as Karnataka successfully transfers subsidies to one million farmers
The disbursal of benefits to the farmers was realised through the Aadhaar Payment Bridge (APB), which is popularly known as DBT.
The I-T department has developed a mobile app for paying taxes and tracking refunds and is considering issuing PANs on real time basis using Aadhaar biometric.
Aadhaar Pay allows customers to make purchases at shops through electronic transactions without having to use plastic cards or mobile phones.
Aadhaar Enabled Payment System (AEPS) based financial transactions have seen around 2.65mn transactions in January 2017.
The Unique Identification Authority of India (UIDAI) started off with Aadhaar enrollments back in 2010. It has been close to seven years since, and the 12-digit Aadhaar number is much more than just an identity number now, with over 1.1 bn Indians already enrolled on the Aadhaar platform.
Union Minister Hansraj Gangaram Ahir on Wednesday said the Centre will frame a policy to further reduce charges on cashless transactions.
Aadhaar Pay for merchants is going to be launched soon by State Bank of India (SBI), Syndicate Bank, IDFC bank and Indusland bank.
Over the course of these 58 days, the National Payment Corporation of India (NPCI), which has been executing the schemes, has disbursed over 153 crore.
Internet of Things (IoT) units in India are expected to see a rapid 31-fold growth to reach 1.9 billion by 2020, Deloitte predicted on Monday, adding that the market value of IoT is expected to reach $9 billion by 2020.
India's corporate entities have also started implementing Aadhaar into their HR workflow. Mahindra & Mahindra, for instance, is the latest Indian multi-national company which has implemented Aadhaar enabled salary payments.