RBI data centre to strengthen payment systems, cyber resilienceThe Reserve Bank of India inaugurated a new sovereign data centre to enhance the resilience of financial services and reduce reliance on th...
UPI handles nearly 80 crore transactions daily, says Nirmala SitharamanUnion Finance Minister Nirmala Sitharaman highlighted the impressive growth of India's digital payments ecosystem. The Unified Payments Int...
Real-time payments explained: How money moves between bank accounts in secondsReal-time payments allow money to move between bank accounts within seconds, making transactions faster and more convenient for consumers a...
SBI probes suspected data breach after 3.75 lakh records surface on dark webState Bank of India is investigating a suspected data breach involving approximately 3.75 lakh records found online. The bank has engaged c...
Cyberattacks affect 20 financial institutions; CERT-In warns on API vulnerabilities and security measuresAround 20 financial institutions were affected by cyberattacks earlier this month, with hackers allegedly exploiting stolen partner-bank cr...
Compensation of Rs 100 to Rs 5,000 per day for delay by bank in processing your request in these 5 situationsFrom stuck credit card closure requests to lost property papers, RBI rules require banks to pay you for every day they're late. A customer ...
Are banks open tomorrow on October 2 for Gandhi Jayanti? Check government, private bank holiday statusBanks will be closed across India on October 2, 2026, as branches observe Gandhi Jayanti, including SBI and banks in the public, private, f...
UPI MDR explained: Will mutual fund SIPs and lumpsum investments be affected?UPI offers mutual fund investors a convenient way to make lump-sum investments and set up SIP mandates. While the new 0.02% MDR applies to ...
SBI ATM charges to be waived during proposed bank strike of September 28-30: What customers need to knowAs the nation prepares for a bank strike from September 28 to September 30, 2026, the State Bank of India has decided to eliminate ATM char...
How will MDR on UPI affect your mutual fund investments? Will AMCs and brokers pass on the costs to users?The introduction of a 0.02% merchant discount rate will impact specific mutual fund and broking transaction payments. One-time investments ...
UPI for mutual funds: Benefits, limits and impact of new MDR explainedUnified Payments Interface (UPI) enables convenient investment in mutual funds through instant payments and SIPs. Investors appreciate UPI ...
Pass the buck to RBI, banks: Let the savings from digital payments fund UPI costs, not consumersThe RBI's MDR introduction on UPI transactions above ₹2,000 faces criticism. This move may discourage digital payments and encourage a retu...
New UPI MDR Explained: Impact on mutual funds, brokers & investorsThe implementation of a new 0.02% merchant discount rate will influence certain UPI transactions, including one-time contributions to mutua...
NEFT, RTGS charges: SBI vs HDFC Bank vs ICICI Bank vs PNBBanks do charge for transactions conducted in branches. NEFT and RTGS fees charged by banks such as SBI, HDFC Bank, ICICI Bank, and Punjab ...
LIC asks policyholders to update bank details for easy claim process: Here’s how to register for NEFT mandateIf you are receiving annuity payments through ECS, you can choose to receive them via NEFT by submitting a mandate, or you can continue to ...
Transfer money via NEFT 24x7 from Dec 16; from Jan 1 it will be free of cost. Here's all you need to knowNEFT allows individuals, firms, corporates to transfer money from one bank branch account to another one anywhere in the country. Earlier, ...
RBI directs banks to follow NEFT guidelines strictlyThe Reserve Bank today directed banks to strictly follow guidelines on NEFT, an online inter and intra bank fund transfer.