RBI clarifies on free ATM transactions; gives relief to customers

The Reserve Bank of India (RBI) on Wednesday clarified that those transactions which fail on account of technical and other specified reasons shall...

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Multiple Bank Account Linking Soon on BHIM App

Users of payment app BHIM will be able to access and operate multiple bank accounts in the next version of the platform planned to be launched by...

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NBFCs Banned from Charging Loan Foreclosure Penalties, orders RBI

The Reserve Bank of India has barred non-banking finance companies from charging pre-payment penalties or foreclosure charges from individual...

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Charges on NEFT, RTGS and IMPS waived off by SBI

In the last monetary policy held in June, the central bank said that it levies minimum charges on banks for transactions routed through its real time...

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New Draft Proposes Jail term for Dealing Cryptocurrencies

Now holding, selling or dealing in cryptocurrencies could soon land you in jail for 10 years. The "Banning of Cryptocurrency and Regulation of...

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RBI releases payments systems roadmap for a cash-lite India

Increase in digital payments, reduction in paper-based transactions, improved pricing, better customer grievance redressal mechanisms and...

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28% of consumer complaints to RBI are about digital and card payments

About 28% of the complaints filed by consumers with the Reserve Bank of India are in the space of digital transactions and card payments, according...

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Standing instructions to banks go online

Consumers can give standing instructions to banks online, mandating them to make recurring payments for a wide range of services like payments to...

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PayPal hikes cross-border remittance cap to USD50,000

PayPal has increased the limit of cross-border remittances to USD50,000, from USD25,000 in 2018 and USD10,000 in 2017, to keep up with demands of US...

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SBI offers more services for senior citizens

State Bank of India (SBI) has launched priced ‘doorstep banking’ for senior citizens over 70 years of age, as also for differently-abled...

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