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Income Tax payments: Pay with UPI, Credit Card; check step-by-step process here
Business

Income Tax payments: Pay with UPI, Credit Card; check step-by-step process here

If you pay through the NSDL and Income Tax websites, you won't be levied any extra charges. But making payments through your bank's website includes a minor fee

Want to keep your credit card safe from fraud? Use these methods
Business

Want to keep your credit card safe from fraud? Use these methods

For further security, it is a healthy habit to review the monthly credit card statement and SMS alerts to keep records of card transactions.

Manage your credit card bill payment to avoid last-minute hassle; Here’s how
Business

Manage your credit card bill payment to avoid last-minute hassle; Here’s how

On 5 May 2021, the RBI approved the second moratorium in response to the difficulties that individual borrowers suffered during the second COVID wave

Experian India enables users to check credit scores via WhatsApp; details here
Business

Experian India enables users to check credit scores via WhatsApp; details here

Experian declared on 9 November that the program offers a quick, secure, and efficient way to access one's Experian credit report from any location at any time

DBS Bank India aims to expand gold and MSME loan business; details here
Business

DBS Bank India aims to expand gold and MSME loan business; details here

DBS Bank India has presently a strong presence in the Indian market, and benefits from the network's expansion across sectors like gold loans, have begun to emerge

Want to close your credit card? Check RBI’s new regulations here
Business

Want to close your credit card? Check RBI’s new regulations here

If the cardholder doesn't respond within 30 days, the card issuer may cancel the account after the customer has paid all outstanding debts

ICICI Bank imposes 1% charge on rent payments through credit card; find details here
Business

ICICI Bank imposes 1% charge on rent payments through credit card; find details here

This fee has been introduced to stop credit rotation through bogus rent payments and the move will come into force from 20 October 2022

Why India's digital payment ecosystem is a revolution
Business

Why India's digital payment ecosystem is a revolution

India's digital payment revolution is an inspiration and case study for the entire world to witness

RBI to allow UPI payments via RuPay credit card: What this means for customers, what experts say
Business

RBI to allow UPI payments via RuPay credit card: What this means for customers, what experts say

The central bank said this change will allow even more people to use the unified payments interface (UPI) platform, which has become the most inclusive mode of payment in India with 26 crore unique users and five crore merchants

RBI allows credit cards to be linked with UPI, says will enable more people to make payments using platform
Business

RBI allows credit cards to be linked with UPI, says will enable more people to make payments using platform

At present, UPI facilitates transactions by linking savings or current accounts through users' debit cards. UPI has become the most inclusive mode of payment in India, with over 26 crore unique users and 5 crore merchants onboarded on the platform

Auto-debit transactions/payment rules to change from 1 October; what this means for customers
Business

Auto-debit transactions/payment rules to change from 1 October; what this means for customers

Customers will have the liberty or facility to cancel, view, or modify any standing instructions set on their card.

RBI's new rules for debit and credit cards; move aimed at improving convenience, security of transactions
Business

RBI's new rules for debit and credit cards; move aimed at improving convenience, security of transactions

RBI has directed banks to allow only domestic card transactions at ATMs and PoS terminals in India at the time of issuance/reissuance of the card. For international transactions, online transactions, card-not-present transactions and contactless transactions, customers will have to separately set up services on their card, the RBI said.

Yes Bank users can now make over Rs 2 lakh payments towards loans, credit cards via other bank accounts
Business

Yes Bank users can now make over Rs 2 lakh payments towards loans, credit cards via other bank accounts

On 5 March, the RBI in consultation with the government put a moratorium on Yes Bank till 3 April, citing serious financial mismanagement at the private sector lender.

RBL Bank, Zomato launch co-branded credit card offering cash back, loyalty membership benefits
Business

RBL Bank, Zomato launch co-branded credit card offering cash back, loyalty membership benefits

RBL Bank and Zomato on Monday launched a co-branded credit card, powered by Mastercard, in a bid to tap the potential of online food delivery market which has been expanding beyond big cities

RBI issues new guidelines for credit, debit cards; move aims to prevent digital transaction frauds
Business

RBI issues new guidelines for credit, debit cards; move aims to prevent digital transaction frauds

The latest instructions, however, are not mandatory for prepaid gift cards and those used at mass transit systems, the RBI added.

RBI asks Indian banks to probe alleged data leak of 1.3 million debit and credit cards
Business

RBI asks Indian banks to probe alleged data leak of 1.3 million debit and credit cards

The Reserve Bank of India (RBI) has asked banks to ensure customers’ debit and credit card data is secure and investigate reports that say data of 1.3 million accounts was available online, a notice seen by Reuters showed

1.3 million debit and credit card data of Indian users reportedly being sold on the dark web
News & Analysis

1.3 million debit and credit card data of Indian users reportedly being sold on the dark web

The source of the breach is yet unknown but the data analysis have found Track 2 data in the card dump.

Cashback of 0.75% to be discontinued on all credit card payments at petrol pumps from today
Business

Cashback of 0.75% to be discontinued on all credit card payments at petrol pumps from today

An industry official said the oil companies have decided to discontinue the discount on all credit card payments from 1 October.

State Bank of India aims to eliminate debit cards; Yono cashpoints scaled up to facilitate cardless payments
Business

State Bank of India aims to eliminate debit cards; Yono cashpoints scaled up to facilitate cardless payments

SBI has set up 68,000 'Yono cashpoints' and is in the process of scaling it up massively to over 1 million in the next 18 months

ATM users not to be penalised for failed transactions; no charges to be levied on balance enquiry
Business

ATM users not to be penalised for failed transactions; no charges to be levied on balance enquiry

Banks provide a certain number of free transactions at ATMs to their customers and beyond that impose charges