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AUTO DEBIT GUIDELINES
Penalty for mutual fund SIP non-payment can cost more than your SIP amountPenalty for SIP failure: A Reddit user pointed out that ICICI Bank levied charge of Rs 590 as his father's bank account did not have suffic...
New UPI rules from August 1, 2025: These new payment guidelines could affect your daily transactions from todayNew UPI rules: To improve UPI transaction efficiency, NPCI is introducing new guidelines effective August 1, 2025. These include capping ba...
New UPI rules from August 1: Daily balance checks, autopay & API usage now regulated, here’s how Paytm, PhonePe, GPay users will be impactedNPCI has issued additional set of guidelines to be adhered by UPI ecosystem members that includes limiting balance enquiry requests to regu...
High charges on NACH, ECS debit bounce: Even 17% return on mutual fund SIP may not be enough to recover penaltiesMutual fund SIP has become a popular tool for small retail investors to do small regular savings and get the benefit of higher returns from...
International online transaction is unsuccessful but money has been deducted: When, how will you get a refund?There are multiple reasons as to why an international online transaction on an e-commerce or other websites could fail if an Indian debit o...
You can now invest in mutual funds using Visa debit cardsThis initiative is live with leading fund houses and distributors and investors can invest in lumpsum or start SIPs using their Visa debit ...
PM Kisan Pension scheme: Who is eligible for Pradhan Mantri Kisan Maan Dhan Yojana (PM-KMY)PM Kisan Pension scheme is a voluntary and contributory pension with an entry age range of 18 to 40 years. Depending on the age of the farm...
NPS voluntary contributions via D Remit can now be done via UPIThe Pension Fund Regulatory and Development Authority (PFRDA) has now enabled deposit of such contributions through UPI to further ease the...
Apple app store removes option to pay via debit and credit cards due to RBI auto-debit mandate"Regulatory requirements in India apply to the processing of recurring transactions. If you hold an Indian debit or credit card and you hav...
From BNPL schemes, gold hallmarking to new auto debit mandate: 11 personal finance changes, trends seen in 2021Here is a look at major trends and changes that impacted our personal finances in 2021.
New norms put auto debits in no man's landConfusion over re-enabling automatic payments leads merchants to seek options, curtail services
New auto debit rules of RBI set to kick in from FridayOn December 4, RBI had directed all banks including RRBs, NBFCs, and payment gateways that the processing of recurring transactions (domest...
Your auto-debit from debit/credit card may fail from next month if not approvedUnder the new additional factor authentication rules, a bank is required to send a notification to the customer at least 24 hours before th...
BillDesk strikes it rich amid payments crisisCo set to monopolise recurring payments market as top banks take SI Hub services
Your auto-debit payments won’t fail: RBI extends deadline for extra authenticationThis is good news because many banks and payment gateways were yet to comply with RBI’s mandate and had asked the apex bank for additional ...
Five personal finance changes effective from July 1To provide relief to the common man from the financial burden of coronavirus-induced lockdown, the government in March 2020 has made relaxa...
Yes Bank loan EMI moratorium: All the terms, chargesVarious banks have announced details of the EMI moratorium on their websites. Here is a look at the details of Yes Bank's moratorium on loa...
Bank to pay you Rs 100 per day penalty for delay in transaction beyond these limitsRBI has issued a circular on TAT harmonisation and customer compensation in case of failed transactions.
SBI launches savings accounts for childrenPehli Udaan' is a singly operated savings bank account for a minor aged 10 years and above and who can sign uniformly.
- Query Corner: Banking & Finance
Bankers have a right of lien and set-off. Set-off means the bank can adjust the credit balance in a customer's account against a debit bala...