Credit Card News
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
For further security, it is a healthy habit to review the monthly credit card statement and SMS alerts to keep records of card transactions.
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 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 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
If the cardholder doesn't respond within 30 days, the card issuer may cancel the account after the customer has paid all outstanding debts
This fee has been introduced to stop credit rotation through bogus rent payments and the move will come into force from 20 October 2022
India's digital payment revolution is an inspiration and case study for the entire world to witness
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
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
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
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
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 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
The latest instructions, however, are not mandatory for prepaid gift cards and those used at mass transit systems, the RBI added.
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
The source of the breach is yet unknown but the data analysis have found Track 2 data in the card dump.
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
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
Banks provide a certain number of free transactions at ATMs to their customers and beyond that impose charges