Fixed Deposit (FD) Rates: Despite the numerous investment options available, fixed deposits are a popular choice for many investors. If you are considering investing your money in a 2 to 3-year FD and seeking the best deal from a private bank, it’s important to compare the interest rates offered by major private banks to make … Read more
Axis Bank, one of the leading private banks in the country, has recently launched the Super App for businessmen. The bank has introduced an app called Neo for Merchants in partnership with Visa and Mintoak. This Axis Bank’s NEO for Marchent One-Stop Solution for Merchant Community app is designed to accept all types of payments … Read more
Bank customers are advised to plan ahead as there will be a significant number of bank holidays in the month of September. In total, there will be 14 holidays scheduled for September. These holidays include weekends (Saturdays and Sundays) as well as various festivals such as Vinayaka Chaturthi, Eid Milad, Onam, Thiruvanam, Srimantha Shankaradeva Tithi, … Read more
Great news for PhonePe users! You can now make payments even if there is no money in your account, thanks to the new PhonePe-Credit Line feature. With the growing popularity of UPI payments, services like Google Pay and PhonePe have become widely used across towns and rural areas. By linking your bank account with your … Read more
UPI payments are growing rapidly in the country. However, along with the increase in UPI payments, there is a rise in fraud. Therefore, security measures are being implemented for UPI payments. UPI payments already require a UPI PIN, and the National Payments Corporation of India (NPCI) is taking steps to enhance the security of UPI … Read more
It’s important to keep in mind the following information about UPI payments: When making payments or shopping using UPI, the transaction limit and the number of transactions allowed per day depend on the bank you are using. Knowing these limits and conducting transactions with a bank that has a higher limit will help avoid delays … Read more
The Reserve Bank of India (RBI) has announced a significant change regarding UPI (Unified Payments Interface) tax payments. The UPI tax payment limit has been increased to Rs 5 lakh, up from the previous limit of Rs 1 lakh. This announcement came following the RBI MPC (Monetary Policy Committee) meeting, where the committee decided to … Read more
LIC has launched new insurance plans. These plans provide term insurance and protection against loan repayment. They are available for purchase both offline and online from August 5, 2024. The new plans include LIC Yuva Term/Digi Term and LIC Yuva Credit Life/Digi Credit Life. The CEO and MD of LIC, Siddharth Mohanty, introduced these new … Read more
Did you know that the credit card facility of the National Payments Corporation of India (NPCI)’s UPI platform is gaining momentum? NPCI’s CEO and Managing Director Dilip Asbe shared that the credit card facility is processing transactions worth about Rs 10,000 crore per month. Additionally, the pre-approved loan facility on UPI is also picking up … Read more
The Reserve Bank of India is launching a digital currency project called e-rupee, and non-banking payment companies like Google Pay, Phone Pay, Amazon Pay, Cred, and Mubiquik have applied to participate in the pilot project. Previously, only Indian banks were allowed to offer e-rupee services, but now private non-banking payment players can also join the … Read more