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AUTO DEBIT FAILURE
F&O Talk: Is rebound from Thursday's low a sign of reversal or a bull trap? Sudeep Shah's take on market moodMarkets staged a late recovery, but technical indicators suggest indecision rather than a confirmed reversal. Sudeep Shah highlights key Ni...
Bounced cheque, debit mandate failure? You could face up to 2 years in jail, know the real cost of payment failuresBounced cheques and failed mandates are more than administrative issues, carrying potential criminal charges and significant financial pena...
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...
Kotak revises transaction fees on these credit cards: Check latest fee on Utility, Wallet Loads, and more from June 1, 2025Kotak Mahindra Bank is set to revise its credit card charges starting June 1, 2025. The changes include fees for standing instruction failu...
Explained: How to handle a missed mutual fund SIP contributionMutual fund houses don’t impose penalties for missed SIP payments, but banks may charge fees for insufficient funds or dishonoured auto-deb...
Missed your mutual fund SIPs? Here is how to avoid cancellation of the SIPHave you missed your mutual fund SIPs? Three consecutive missed SIP instalments can lead to SIP cancellation. Here is what you can do to av...
Axis Bank credit card changes from December 20, 2024: Rule changes in reward points, airport lounge access, othersAxis Bank credit card changes: The revisions include finance/interest charges, NACH payment failure charges, fees for cash payment, late pa...
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...
Axis Bank launches Infinity Savings Account with zero service charge on these 47 transactions; All you need to knowWith a focus on technologically savvy consumers who frequently interact with subscription-based models, Axis Bank has introduced a savings ...
More than just token protectionAccording to the Reserve Bank of India (RBI), which is embarking on a globally unique online consumer protection initiative, card details w...
Auto debit bounce rates plunge to 3-year low in MayLatest statistics from the National Automated Clearing House (NACH) from the National Payments Corp of India (NPCI) show that failure rates...
Axis Bank hikes charges for auto debit failure, additional cheque book, non-maintenance of bank balanceAxis Bank, a private sector lender, has revised a number of service fees for its savings bank account customers. Here are the updated Axis ...
Many recurring payments across OTTs, cloud storage fail as platforms ignore RBI rulesFrom October 1, 2021, banks are required to reach out to customers before deducting money towards payments based on standing debit instruct...
Standing auto debits see high decline ratesMore than two months after the Reserve Bank of India made it mandatory for banks to reach out to customers before initiating standing debit...
UPI, IMPS bank transfer failed? When you will get refund, what to do if you don'tOn April 1, 2021, many customers faced issued related to the transfer of money via NEFT, IMPS and UPI. As per replies by customers to the N...
Opting for EMI moratorium? Be ready to pay moreBorrowers have been advised to give instructions in advance to stall the debit, even if they have no money because the bank where they have...
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.
IRCTC launches payment aggregator to promote government's Digital India initiativeUnder this new arrangement, IRCTC will have full control of the payment system because of its direct relationship with acquiring banks, car...
PayU Biz introduces 'one tap' for mobile paymentsPayment processor PayUbiz unveiled a cutting-edge technology called 'one tap', which allows mobile payment using debit or credit card to go...
- Daily SIP seeks to minimize market risk, generate greater returns
Amidst highly volatile stock markets, the daily systematic investment plan introduced by Bharti AXA Investment Mangers is expected to minim...