Manoj Shukla was in India when Rs 41,852 was debited from his bank account for a department store transac ...More

Manoj Shukla was in India when Rs 41,852 was debited from his bank account for a department store transaction abroad on December 9, 2016. Another Rs 35,686 was debited for toy shopping on January 23, 2017. A Delhi consumer commission ordered City Union Bank to refund the first amount with interest and Rs 12,500 compensation, but held Shukla responsible for the second transaction because he had not blocked his debit card. ...Less

As AI agents move beyond answering questions to handling everyday tasks such as payments, bookings and ma ...More

As AI agents move beyond answering questions to handling everyday tasks such as payments, bookings and managing subscriptions, users must learn to balance convenience with control. ...Less

Apple is set to launch its innovative foldable smartphone, the iPhone Duo, for pre-orders in India starti ...More

Apple is set to launch its innovative foldable smartphone, the iPhone Duo, for pre-orders in India starting October 16. This device price starts at Rs 2,99,900 for the 256GB version, with the premium model priced at Rs 4,49,900. Shoppers have the choice of two striking colors and four different storage capacities. Customers can easily place pre-orders via Apple's online store, and the official launch will take place on October 23. ...Less

Social Security beneficiaries are being warned about scam messages that promise extra payments or threate ...More

Social Security beneficiaries are being warned about scam messages that promise extra payments or threaten problems with benefits. Learn how to spot fraudulent texts, recognize red flags and protect personal information, according to the Social Security Administration. ...Less

The federal government stopped issuing paper checks for most payments on September 30, 2025. Social Secur ...More

The federal government stopped issuing paper checks for most payments on September 30, 2025. Social Security recipients still receiving checks should arrange electronic payments. Direct deposit is one option, while the Direct Express card helps people without bank accounts receive benefits. Those already paid electronically generally need no changes. Before the next payment, confirm your payment method with the relevant agency. ...Less

HDFC Bank announced the launch of its annual festival offer, with thousands of deals across various servi ...More

HDFC Bank announced the launch of its annual festival offer, with thousands of deals across various services to provide customers with affordable shopping offers. The intitiative would allow customers to save up to ₹70,000 on festive purchases made using HDFC Bank credit cards and EASYEMI on debit and credit cards. The offer covers Xpress Personal Loans, Xpress Car Loans, and other vehicle loans, home loans, and gold loans. ...Less

A phone worth Rs 60,000 was reportedly stolen in a metro crowd, followed by a loss of Rs 57,000 from a ba ...More

A phone worth Rs 60,000 was reportedly stolen in a metro crowd, followed by a loss of Rs 57,000 from a bank account within 45 minutes. A post on X describes how a stolen SIM could be misused for banking-related fraud. Here is how SIM PIN protection works and what users should do after losing a phone. ...Less

UPI MDR charges on eligible merchant transactions above Rs 2,000 have been deferred until after Diwali, w ...More

UPI MDR charges on eligible merchant transactions above Rs 2,000 have been deferred until after Diwali, with the exact implementation date yet to be announced. The proposed 40-basis-point merchant discount rate will leave more than 95% of UPI merchant transactions by volume free. The pricing change aims to generate revenue for banks and payment companies amid rising digital payments infrastructure costs. ...Less

NPCI framework, announced on September 15, was scheduled to take effect on October 15. It prescribed a 0. ...More

NPCI framework, announced on September 15, was scheduled to take effect on October 15. It prescribed a 0.4% fee on eligible bank account-funded merchant payments above Rs 2,000, capped at Rs 300 per transaction. ...Less

Happy Wednesday! The implementation of MDR on select UPI payments has been deferred beyond Diwali. This a ...More

Happy Wednesday! The implementation of MDR on select UPI payments has been deferred beyond Diwali. This and more in today’s ETtech Morning Dispatch. ...Less

iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max offer prices: Flipkart and Reliance Digital are selling iPhon ...More

iPhone 17, iPhone 17 Pro, iPhone 17 Pro Max offer prices: Flipkart and Reliance Digital are selling iPhones at lower festive prices, but the lowest figures depend on exchange value and bank offers. Launch prices, listed prices and effective prices are set out side by side so buyers can see what they will actually pay. Amazon has not announced a separate iPhone price. ...Less

From stuck credit card closure requests to lost property papers, RBI rules require banks to pay you for e ...More

From stuck credit card closure requests to lost property papers, RBI rules require banks to pay you for every day they're late. A customer earlier this year won Rs 3.21 lakh for a delayed credit card closure. Here are 5 situations where the clock ticks in your favour, with compensation ranging from Rs 100 to Rs 5,000 a day. ...Less

Online sales of big appliances are growing at 25% as the festive sales begin. The Kagan 2026 Asia-Pacific ...More

Online sales of big appliances are growing at 25% as the festive sales begin. The Kagan 2026 Asia-Pacific Consumer Insights survey by S&P Global Market Intelligence, conducted in June 2026 among 1,000 internet adults each in China, South Korea and India, shows that most Indian respondents still primarily make retail purchases from stores. ...Less

Amazon has recently expanded its ultra-fast delivery service, Amazon Now, to more than 120 cities in Indi ...More

Amazon has recently expanded its ultra-fast delivery service, Amazon Now, to more than 120 cities in India. This expansion aims to enhance its delivery network ahead of the upcoming festive season. The service now offers a wide range of products, fulfilling orders through nearly 800 fulfilment centres nationwide. Customers can access special deals during the Amazon Great Indian Festival, beginning October 8. ...Less

For the last two years, one sector where actual performance has been better than expected has been bankin ...More

For the last two years, one sector where actual performance has been better than expected has been banking. Yes, there were exceptions among small finance banks. But the question now is: Will the situation remain the same given that there are many emerging challenges? ...Less

A landmark settlement has been reached in the United States, with Visa and Mastercard agreeing to pay $16 ...More

A landmark settlement has been reached in the United States, with Visa and Mastercard agreeing to pay $167.5 million over ATM surcharges. Eligible consumers must file their claims by February 10, 2027, either online or through traditional mail. A crucial federal court hearing on the settlement is scheduled for February 17, 2027. ...Less

Ending nearly six years of fully free UPI payments, the government has introduced a 0.4 per cent fee on t ...More

Ending nearly six years of fully free UPI payments, the government has introduced a 0.4 per cent fee on transfers worth over Rs 2,000 made to merchants through the UPI platform from October 15 while explicitly ring-fencing everyday person-to-person transactions and small payments from any charge. ...Less

In an exciting development, Apple has rolled out its payment service, Apple Pay, in India through a colla ...More

In an exciting development, Apple has rolled out its payment service, Apple Pay, in India through a collaboration with Axis Bank. Users holding Axis Bank cards can easily enact contactless transactions. The process of adding cards is straightforward with the Wallet app or the Axis Bank app, with no need for PINs or OTPs. ...Less

Apple Pay is expected to launch in India next month with Axis Bank credit cards, ahead of wider bank supp ...More

Apple Pay is expected to launch in India next month with Axis Bank credit cards, ahead of wider bank support, Reuters reported. The service will focus on card based tap and pay payments through Face ID and Touch ID, separate from India's dominant UPI network, with HDFC Bank and ICICI Bank still finalising their own tie ups. ...Less

NPCI, which manages UPI, has brought in a merchant discount rate of 0.4% on certain person-to-merchant UP ...More

NPCI, which manages UPI, has brought in a merchant discount rate of 0.4% on certain person-to-merchant UPI payments above Rs 2,000. ...Less

After the MDR charge announcement on certain merchant UPI transactions, many UPI users are thinking wheth ...More

After the MDR charge announcement on certain merchant UPI transactions, many UPI users are thinking whether they should shift from the UPI to a debit card or a credit card for daily transactions. ...Less

In October 2026, significant changes to banking and finance regulations will take effect, impacting numer ...More

In October 2026, significant changes to banking and finance regulations will take effect, impacting numerous services. Furthermore, the Reserve Bank of India will introduce new disclosure protocols regarding bulk fixed deposits, and UPI transaction fees will be revised for amounts exceeding Rs 2,000 starting October 15. ...Less

A father in Secunderabad paid Rs 21,000 to admit his daughter at a Hyderabad school in February 2019, onl ...More

A father in Secunderabad paid Rs 21,000 to admit his daughter at a Hyderabad school in February 2019, only to cancel the admission within a week after his plan to shift residence fell through. The school refused to refund the money, calling it non refundable, even though the child never attended a single class. Seven years later, a consumer commission has ordered the school to pay him a total of Rs 36,000. ...Less

Given the current market situation, no sector is immune from headwinds. The banking sector is no exceptio ...More

Given the current market situation, no sector is immune from headwinds. The banking sector is no exception. There are clear short-term headwinds, but the question an investor should ask is: Are these headwinds likely to hit the core business of banks and create some issue that may take a long time to settle? ...Less

New proposals by IRDAI aim to reform loan-linked insurance offerings from banks and NBFCs, ensuring trans ...More

New proposals by IRDAI aim to reform loan-linked insurance offerings from banks and NBFCs, ensuring transparency for borrowers. Key changes may prevent mandatory insurance bundling, allowing for better consumer choices and potential interest rate benefits, while still enabling some insurance package offers. Discover how these reforms could impact your next loan decision. ...Less

State Bank of India will start charging a merchant discount rate on UPI payments exceeding Rs 2,000 from ...More

State Bank of India will start charging a merchant discount rate on UPI payments exceeding Rs 2,000 from October 15. The bank anticipates generating surplus revenue due to its extensive card issuing and payment gateway services. Initially, MDR fees will be divided among issuing and acquiring banks, payment gateways, and UPI applications. SBI is evaluating the potential impact of transaction splitting on its systems and volumes. ...Less

Tax issues Levy of goods & services tax on MDR can be taken up by GST Council, ITC may be used by merchan ...More

Tax issues Levy of goods & services tax on MDR can be taken up by GST Council, ITC may be used by merchants. ...Less

Amazon's Great Indian Festival 2026 will begin on October 8. Customers will receive a 10% instant discoun ...More

Amazon's Great Indian Festival 2026 will begin on October 8. Customers will receive a 10% instant discount on SBI cards. Prime members can enjoy additional savings on select offers. The sale promises lowest prices of the year on many products. Amazon has also expanded its delivery network for the event. ...Less

Government may end UPI subsidies for small transactions as merchant fees are introduced. Taxpayer-funded ...More

Government may end UPI subsidies for small transactions as merchant fees are introduced. Taxpayer-funded incentives for UPI and RuPay transactions are being phased out. No new subsidies have been paid for transactions since April 2025. This shift aims to make the payment ecosystem self-sustaining and reduce taxpayer burden. Incentive disbursements have significantly decreased in recent fiscal years. ...Less

The CBI has initiated an investigation against The Timothy Initiative due to suspected violations of the ...More

The CBI has initiated an investigation against The Timothy Initiative due to suspected violations of the FCRA. Allegations suggest that ₹92.55 crore of foreign funding was misappropriated within India. The ED alerted the CBI about this money laundering inquiry. Investigative efforts disclosed a potential scheme to funnel foreign funds towards areas impacted by Left-Wing Extremism. Notably, Micah Mark was caught with 24 foreign debit cards linked to Truist Bank. ...Less

The Finance Ministry anticipates no rise in cash transactions following the UPI MDR implementation. Only ...More

The Finance Ministry anticipates no rise in cash transactions following the UPI MDR implementation. Only a small percentage of total UPI volume will be affected by this new charge. RuPay debit card transactions will remain free, mitigating cash transaction concerns. The ministry will monitor to prevent MDR burden transfer to consumers. This measure aims to create a sustainable digital payments ecosystem framework. ...Less

Petrol pump UPI payments: Petrol pump dealers in Madhya Pradesh and Punjab will stop accepting UPI paymen ...More

Petrol pump UPI payments: Petrol pump dealers in Madhya Pradesh and Punjab will stop accepting UPI payments above Rs 2,000 from October 16, citing a proposed 0.4 per cent Merchant Discount Rate (MDR). Fuel retailers say their narrow profit margins make it difficult to absorb the additional cost. Customers can continue to use debit and credit cards for fuel purchases, while the association has urged the government to extend existing MDR exemptions to UPI transactions. ...Less

The Anglo-Saxon economies of the US, United Kingdom and Australia show a reduction in household savings r ...More

The Anglo-Saxon economies of the US, United Kingdom and Australia show a reduction in household savings rates along with a growth in credit card usage, while European nations such as Germany, France and the Netherlands— that encourage the use of debit cards over credit cards—report a higher household savings rate. ...Less

IBPS RRB recruitment last date was earlier 21st September. Now the date has been changed and extended for ...More

IBPS RRB recruitment last date was earlier 21st September. Now the date has been changed and extended for a week. So applicants can now apply till 27th September. The official website to access is ibps.in. The application fees for SC, ST and PwBD candidates, the application fee is ₹175 for Office Assistant and Officer Scale I, II and III posts and for candidates belonging to other categories, the application fee is ₹850. ...Less

India has exempted transactions up to ₹2,000 via UPI and RuPay debit cards from charges. This move allows ...More

India has exempted transactions up to ₹2,000 via UPI and RuPay debit cards from charges. This move allows for the reintroduction of merchant discount rate on UPI transactions. The government amended the Payment and Settlement Systems Act to enable these changes. Future MDR charges on UPI will be nominal and apply to limited merchant transactions. A detailed directive on MDR charges is expected soon from NPCI. ...Less

Officials clarified that there is no separate GST levied on MDR charges. While GST will apply to MDR on U ...More

Officials clarified that there is no separate GST levied on MDR charges. While GST will apply to MDR on UPI transactions, businesses will be able to claim full input tax credit against it and set off the liability, meaning the government does not expect to earn any net revenue from the levy. ...Less

The government has announced no charges on UPI transactions up to Rs 2,000. RuPay debit card payments bel ...More

The government has announced no charges on UPI transactions up to Rs 2,000. RuPay debit card payments below this amount will also remain free. This clarification follows amendments to the Payment and Settlement Systems Act. Banks and system providers cannot levy any direct or indirect charges. Consumers will continue to make instant digital payments without any transaction fees. ...Less

India's smartphone market faces challenges this festive season as rising memory costs lead to higher devi ...More

India's smartphone market faces challenges this festive season as rising memory costs lead to higher device prices. Major brands are already raising prices across various models due to component cost pressures. This situation is expected to drive more consumers towards financing options to afford new smartphones. Retailers are preparing by offering exchange offers and banking partnerships to enhance sales. ...Less

The government has introduced a 0.4% fee on UPI payments of more than Rs 2,000 made to merchants from Oct ...More

The government has introduced a 0.4% fee on UPI payments of more than Rs 2,000 made to merchants from October 15. Under this, a merchant discount rate (MDR) of 0.4% is to be levied on person-to-merchant transactions of above Rs 2,000. However, no MDR is to be levied on UPI transactions of up to Rs 2,000. ...Less

The Department of Financial Services (DFS) issued the clarification in response to observations in the US ...More

The Department of Financial Services (DFS) issued the clarification in response to observations in the US Trade Representative's (USTR) 2026 report on the inability of US electronic payment service providers to participate in the UPI ecosystem, including credit transactions on UPI, on a level playing field with RuPay. ...Less

The government is in negotiations with payment aggregators over new UPI transaction fees, ensuring that t ...More

The government is in negotiations with payment aggregators over new UPI transaction fees, ensuring that these charges will not be imposed on consumers, as stated by officials. The finance ministry will closely monitor adherence to the new guidelines on a daily basis. Revenue generated will aid small merchants in embracing UPI, striking a balance between managing costs and fostering digital payment expansion. ...Less

India's Finance Ministry rejects claims of US influence on UPI payment charges. The new framework priorit ...More

India's Finance Ministry rejects claims of US influence on UPI payment charges. The new framework prioritizes RuPay credit cards for UPI transactions. This move aims to foster domestic competition and create a sustainable revenue model. Small merchants and certain transactions will remain exempt from the new charges. The government emphasizes protecting India's electronic payment ecosystem sovereignty. ...Less

In a shocking incident, a Gurgaon employee was reportedly lured into a honey trap and subsequently kidnap ...More

In a shocking incident, a Gurgaon employee was reportedly lured into a honey trap and subsequently kidnapped by a couple in Delhi. The victim, Pawandeep Joshi, endured assault and was extorted for Rs 70 lakh. Thanks to diligent police tracking across states, he was finally rescued in Mathura. Authorities arrested six individuals involved, including the alleged husband-wife perpetrators, recovering Joshi's vehicle, cards, and jewelry during the operation. ...Less

Spinny has confidentially filed for its initial public offering. This and more in today’s ETtech Top 5. ...More

Spinny has confidentially filed for its initial public offering. This and more in today’s ETtech Top 5. ...Less

Starting on October 15, banks and payment applications will begin earning revenue from select merchant UP ...More

Starting on October 15, banks and payment applications will begin earning revenue from select merchant UPI transactions. Transactions under Rs 2000 will remain exempt from new fees, while person-to-person transfers and small vendor payments under Rs 1 lakh are still free. Merchants will incur a charge of up to forty basis points for transactions over Rs 2000. ...Less

Digital payment charges are necessary for service efficiency and wider reach. Person-to-person and small ...More

Digital payment charges are necessary for service efficiency and wider reach. Person-to-person and small transactions remain free from new fees. This move supports competition and prevents market dominance by large corporations. Merchants are mandated not to pass these charges onto customers. The digital payments ecosystem requires investment for continued growth and innovation. ...Less

While NPCI has not specified a threshold based on the size of a merchant’s turnover, it said in its annou ...More

While NPCI has not specified a threshold based on the size of a merchant’s turnover, it said in its announcement that vendors operating under the person-to-person merchant (P2PM) category will “enjoy a mandatory zero MDR”. Merchants in this category, typically small shopkeepers, street vendors and local businesses, are classified as those receiving less than Rs 1 lakh per month in their accounts through UPI. ...Less

UPI could generate Rs 22,000 crore annually by FY28 through a modest merchant discount rate. Banks might ...More

UPI could generate Rs 22,000 crore annually by FY28 through a modest merchant discount rate. Banks might receive Rs 14,000 crore and payment apps Rs 7,000 crore from this pool. This revenue stream focuses on higher-value transactions above Rs 2,000, which dominate transaction value. The government notification exempts smaller UPI transactions from any charges. This creates a pathway for monetising a significant segment of merchant payments. ...Less

The Congress party has voiced strong opposition to the implementation of a merchant discount rate (MDR) o ...More

The Congress party has voiced strong opposition to the implementation of a merchant discount rate (MDR) on UPI transactions, alleging that this decision is influenced by American pressure and favors companies like Visa and Mastercard. They urge the government to rescind this policy and maintain UPI as a free service. ...Less

The National Payments Corporation of India, which operates the UPI network, said the revenue will support ...More

The National Payments Corporation of India, which operates the UPI network, said the revenue will support investment in infrastructure resilience, cybersecurity, fraud prevention, innovation and customer service. ...Less

BharatPe co-founder Ashneer Grover has questioned the rationale for introducing charges on certain UPI me ...More

BharatPe co-founder Ashneer Grover has questioned the rationale for introducing charges on certain UPI merchant transactions above Rs 2,000, calling any levy tax collection. He compared UPI with the cost of India's cash and ATM infrastructure and cited financial figures for the RBI, banks and NPCI while asking what loss or subsidy justified charging for UPI. ...Less

Congress criticizes the government's UPI transaction notification. The party claims this move sets a stag ...More

Congress criticizes the government's UPI transaction notification. The party claims this move sets a stage for future user fees. This notification prohibits charges on UPI transactions up to two thousand rupees. However, it leaves transactions above this cap unspecified for merchants. The government states charges are needed for system upgrades and market expansion. ...Less

Congress criticises the government for introducing charges on UPI transactions for merchants. This move i ...More

Congress criticises the government for introducing charges on UPI transactions for merchants. This move is seen as appeasing United States demands and impacting local competition. The government stated that consumers will not face any charges for UPI payments. This policy change signals a significant shift for the UPI payment system. Opposition parties have voiced strong criticism regarding the new levy. ...Less

Under the new framework, the government has introduced a 0.4% MDR on P2M (person-to-merchant) UPI transac ...More

Under the new framework, the government has introduced a 0.4% MDR on P2M (person-to-merchant) UPI transactions above Rs 2,000, capped at Rs 300 for transactions of Rs 75,000 and above. ...Less

Congress denies supporting a parliamentary committee's report on UPI payment fees. The party accuses the ...More

Congress denies supporting a parliamentary committee's report on UPI payment fees. The party accuses the government of diversion after a significant public backlash. Government sources claim Congress MPs backed a tiered Merchant Discount Rate framework. Congress MPs state no specific UPI tax proposal was discussed. The opposition demands a rollback of the UPI tax decision. ...Less

Happy Tuesday! Amazon's quick commerce arm is scaling fast, India head Samir Kumar told us. This and more ...More

Happy Tuesday! Amazon's quick commerce arm is scaling fast, India head Samir Kumar told us. This and more in today’s ETtech Morning Dispatch. ...Less

The UPESSC has released the UP PGT Notification 2026 for 2,607 teaching vacancies in aided secondary scho ...More

The UPESSC has released the UP PGT Notification 2026 for 2,607 teaching vacancies in aided secondary schools across Uttar Pradesh. Applications begin September 18, with the fee deadline on October 17 and corrections allowed until October 21. The written examination will be held on December 15 and 16, with eligibility, fees, vacancies and selection rules varying by subject and category. ...Less

Manipal Payment and Identity Solutions plans a ₹320 crore fresh issue for capacity expansion. The company ...More

Manipal Payment and Identity Solutions plans a ₹320 crore fresh issue for capacity expansion. The company's promoter stake will decrease to 53% after the initial public offering. Growing card issuance and demand for identity solutions are expected to benefit the business. However, potential regulatory changes in payments could increase compliance costs for the firm. The issue is deemed suitable for long-term investors with a higher risk tolerance. ...Less

Corporate executives emphasized the necessity of embracing proactive self-disruption as technology evolve ...More

Corporate executives emphasized the necessity of embracing proactive self-disruption as technology evolves and consumer preferences shift. It's imperative for businesses to adapt continuously, even when thriving, to stay competitive. As AI's role amplifies, the significance of data remains high, requiring adept insight extraction. Successful adaptation demands organizations to evolve structurally while upholding core values. The greatest danger lies in delaying change in a swiftly changing market environment. ...Less

Paytm shares fell after the government directed banks and payment providers not to charge for UPI transac ...More

Paytm shares fell after the government directed banks and payment providers not to charge for UPI transactions up to Rs 2,000, raising uncertainty over charges for higher-value transactions. The decline came a day after Paytm hit a fresh 52-week high of Rs 1,840, with the stock having nearly doubled from its March low of Rs 930.6. ...Less

The issuing bank would retain 40% of the fee, sources said. Third-party application providers such as Pho ...More

The issuing bank would retain 40% of the fee, sources said. Third-party application providers such as PhonePe or Google Pay, and the acquiring bank would take 30% each. On a 40 bps MDR, that works out to roughly 16 bps for the bank and 12 bps each for the app and the acquirer. One basis point equals 0.01%, so a 40 bps MDR translates to a fee of 0.4% on the transaction value. ...Less

UPI Payment: UPI transactions of up to Rs 2,000 will continue to be free for users. A new Merchant Discou ...More

UPI Payment: UPI transactions of up to Rs 2,000 will continue to be free for users. A new Merchant Discount Rate (MDR) will be introduced for certain merchant transactions above Rs 2,000. The revised framework is aimed at supporting investments in UPI infrastructure, innovation and cybersecurity. Most person-to-merchant (P2M) transactions are expected to remain unaffected. The new provisions will come into effect from October 15, 2026. ...Less

Maharashtra is progressing towards becoming India's first tokenised state. The proposed DELTA Act will cr ...More

Maharashtra is progressing towards becoming India's first tokenised state. The proposed DELTA Act will create a legal framework for blockchain tokenisation. This initiative aims to simplify access and review of land records. Ordinary citizens will gain liquidity from their land and other assets. The state seeks to advance through these new technological initiatives. ...Less

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India's youngest generation now leads consumption spending with unique preferences. Gen Z's influence is ...More

India's youngest generation now leads consumption spending with unique preferences. Gen Z's influence is reshaping brand strategies and investment patterns significantly. This demographic is embracing early credit access and design-led purchases. Their spending power is projected to grow substantially in the coming years. Brands must adapt to evolving consumer behaviors and wider reach. ...Less

Despite government promotion of digital transactions like UPI and e-Rupee, cash remains prevalent, especi ...More

Despite government promotion of digital transactions like UPI and e-Rupee, cash remains prevalent, especially in rural areas and for large-value transactions. While digital payments offer convenience, they have also led to increased cyber fraud and financial exclusion, particularly for women. The article suggests the government's push for digitalization may stem from a desire for control and programmatic payment disbursement rather than genuine welfare improvement. ...Less

At Global Fintech Fest 2026, PhonePe founder‑CEO Sameer Nigam framed the company’s first ten years as the ...More

At Global Fintech Fest 2026, PhonePe founder‑CEO Sameer Nigam framed the company’s first ten years as the construction of India’s financial rails and unveiled a second act tied to a single question: whose progress still remains outside the frame? ...Less

UPI now dominates India's digital merchant payments, capturing a significant market share. Credit and deb ...More

UPI now dominates India's digital merchant payments, capturing a significant market share. Credit and debit cards are steadily losing their previous positions in this sector. The digital payments market continues to expand, with UPI capturing much of this growth. Proposed changes may introduce nominal charges on select higher-value UPI merchant transactions. ...Less

Beginning October 1, 2026, State Bank of India will implement a change in its policy regarding free ATM t ...More

Beginning October 1, 2026, State Bank of India will implement a change in its policy regarding free ATM transactions for salary account holders. These customers will be limited to five free withdrawals each month; any transactions beyond that will incur charges. ...Less

Criminals deposited Rs 15 lakh in senior citizen’s bank a/c; police wants to question him; HC grants anti ...More

Criminals deposited Rs 15 lakh in senior citizen’s bank a/c; police wants to question him; HC grants anticipatory bail and observes mere deposit of crime money in a/c insufficient to conclude he was knowingly involved in the crime ...Less

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How about a card that not only offers airport privileges but also earns rewards on every eligible spend a ...More

How about a card that not only offers airport privileges but also earns rewards on every eligible spend and UPI transaction, with zero forex markup on international transactions? This new co-branded credit card offers unlimited domestic lounge access, complimentary dining, among a host of other benefits, and most importantly, it is a lifetime free offering. ...Less

WhatsApp launched bill payments in India on September 3, 2026. This feature allows users to pay household ...More

WhatsApp launched bill payments in India on September 3, 2026. This feature allows users to pay household and utility bills directly within the app. The service is powered by the Bharat Bill Payment System network. Users can access over 22,000 billers across 30 categories for payments. Meta India aims to make bill payments as effortless as sending a message. ...Less

SSC JE Recruitment 2026 applications have opened for 1,748 Junior Engineer and Scientific Assistant posts ...More

SSC JE Recruitment 2026 applications have opened for 1,748 Junior Engineer and Scientific Assistant posts. Eligible candidates can apply online from September 2 to September 22 through ssc.gov.in. The recruitment covers government organisations including BRO, CPWD, MES, DoT, CWC and IMD, with Group 'B' Level-6 posts offering a pay scale of Rs 35,400 to Rs 1,12,400. ...Less

Credit cards aren't the only way to unlock free airport lounge access. Discover 7 debit cards from ICICI, ...More

Credit cards aren't the only way to unlock free airport lounge access. Discover 7 debit cards from ICICI, HDFC, SBI, PNB, IDFC First and Bank of Baroda offering complimentary domestic and international lounge visits, with some having no minimum spend criteria. Check out these 7 debit cards that offer lounge access. ...Less

PhonePe has unveiled UPI 123Pay, a new service for feature phone users that enables seamless transactions ...More

PhonePe has unveiled UPI 123Pay, a new service for feature phone users that enables seamless transactions without an internet connection. The initiative targets more than 200 million users, helping expand access to digital payments across India. It supports both peer-to-peer and merchant payments using mobile numbers or UPI IDs, with future updates expected to include bill payments and mobile recharges. ...Less

CBSE has reopened the CTET 2026 application window from August 25 to September 1, giving eligible candida ...More

CBSE has reopened the CTET 2026 application window from August 25 to September 1, giving eligible candidates who missed the earlier registration deadline another opportunity to apply. The 22nd edition of the Central Teacher Eligibility Test can now be applied for online, while the revised examination date will be announced after the extended application window closes. ...Less

The Pradhan Mantri Jan Dhan Yojana has achieved unparalleled impact and transformative outcomes. This ini ...More

The Pradhan Mantri Jan Dhan Yojana has achieved unparalleled impact and transformative outcomes. This initiative has significantly reshaped India's financial landscape and global financial inclusion efforts. Millions of unbanked adults now have access to basic banking services and digital transaction tools. Women's participation in the financial system has increased substantially through these accounts. Rural and semi-urban areas are now better served by this extensive banking network. ...Less

Assam Police apprehended another alleged operative of the Pakistan-based Shahzad Bhatti Network. This arr ...More

Assam Police apprehended another alleged operative of the Pakistan-based Shahzad Bhatti Network. This arrest brings the total number of apprehended individuals to four in connection with the case. Incriminating articles and documents were recovered and seized from the apprehended person. The operation is part of sustained action against anti-national networks and their operatives. Earlier, three alleged operatives were arrested from different districts of Assam. ...Less

Over Rs 53 lakh crore has been transferred through Direct Benefit Transfer to beneficiaries. Nearly 33 cr ...More

Over Rs 53 lakh crore has been transferred through Direct Benefit Transfer to beneficiaries. Nearly 33 crore women now hold Jan Dhan accounts, enhancing financial inclusion. The Pradhan Mantri Jan Dhan Yojana has completed twelve years of successful operation. This initiative provides basic banking access and financial security to millions. Banking outlets now reach nearly every village, improving accessibility for all. ...Less

The Pradhan Mantri Jan Dhan Yojana has completed twelve years of service. Over fifty-nine crore bank acco ...More

The Pradhan Mantri Jan Dhan Yojana has completed twelve years of service. Over fifty-nine crore bank accounts now exist under this financial inclusion scheme. Deposits have reached a substantial three point seventeen lakh crore rupees. This initiative empowers millions by providing access to banking and financial services. The scheme has significantly transformed India's banking and financial landscape. ...Less

Retailers are planning a campaign to highlight how the latest revision in the charges they pay to enable ...More

Retailers are planning a campaign to highlight how the latest revision in the charges they pay to enable debit card transactions is an anticonsumer move. ...Less

The Calcutta High Court disposed of Abhishek Banerjee's petition regarding his frozen bank accounts. His ...More

The Calcutta High Court disposed of Abhishek Banerjee's petition regarding his frozen bank accounts. His accounts and cards were reactivated after submitting required KYC documents to the bank. The court noted that banks should provide notice before blocking customer accounts. The bank stated that Banerjee's account was blocked due to high-risk factors and third-party data. Banerjee's lawyer argued that partial freezing requires repeated reminders and phased action. ...Less

In an effort to revise its fee structure, the State Bank of India will enforce service charges on Basic S ...More

In an effort to revise its fee structure, the State Bank of India will enforce service charges on Basic Savings Bank Deposit accounts. Customers will be charged for cash withdrawals after four free transactions monthly, affecting all withdrawal methods, including online ones. These accounts are pivotal for fostering financial inclusion, as they have no minimum balance requirement and offer a free Rupay card. ...Less

Lost SBI debit card? Here's how to block it ...More

Lost SBI debit card? Here's how to block it ...Less

A Kerala woman fell ill after eating alfaham at a biryani cafe and spent a week in hospital after doctors ...More

A Kerala woman fell ill after eating alfaham at a biryani cafe and spent a week in hospital after doctors diagnosed a Salmonella infection. The consumer commission found her complaint substantiated and ordered the cafe proprietor and manager to jointly pay Rs 96,500, covering hospital expenses, compensation and litigation costs. ...Less

How to activate SBI virtual debit card ...More

How to activate SBI virtual debit card ...Less

The charge card provides consumers with a unique value proposition that brings the best of the three worl ...More

The charge card provides consumers with a unique value proposition that brings the best of the three worlds – cash, credit and debit – into a single plastic. ...Less

The bank has hiked charges on annual fee charges per annum, debit card replacement charges, debit card in ...More

The bank has hiked charges on annual fee charges per annum, debit card replacement charges, debit card inactivity fee and more. ...Less

Debit card with airport lounge access: Not many people are aware of the fact the airport lounge can also ...More

Debit card with airport lounge access: Not many people are aware of the fact the airport lounge can also be accessed without having a credit card. The banks issue debit cards to their customers with their savings bank accounts. These debit cards offer airport lounge access. Know the 12 debit cards that can get you airport lounge access. ...Less

SBI offers an EMI facility for its customers using SBI debit card in order to purchase consumer durables ...More

SBI offers an EMI facility for its customers using SBI debit card in order to purchase consumer durables from merchant stores by swiping their cards at POS or while buying online via e-commerce portals. ...Less

SBI has asked those customers who applied for the EMV chip-based cards and have not yet received it to vi ...More

SBI has asked those customers who applied for the EMV chip-based cards and have not yet received it to visit their home branch as soon. If you still have not got an EMV chip-based debit card, here is how you can get it. ...Less

The Bank's response came to a clarification sought by stock exchange on recent reports on debit cards blo ...More

The Bank's response came to a clarification sought by stock exchange on recent reports on debit cards blocking in the wake of suspected data breach. ...Less

Here’s how you can block your SBI debit card ...More

Here’s how you can block your SBI debit card ...Less

The fees on declined transactions persist even as the government has capped merchant discount rate. ...More

The fees on declined transactions persist even as the government has capped merchant discount rate. ...Less

With effect from July 15, 2022, India Post Payments Bank (IPPB) has introduced annual maintenance and re- ...More

With effect from July 15, 2022, India Post Payments Bank (IPPB) has introduced annual maintenance and re-issuance charges for its virtual debit cards. ...Less

Insurance on debit card: Many banks like Kotak Mahindra Bank, Development Bank of Singapore (DBS) India, ...More

Insurance on debit card: Many banks like Kotak Mahindra Bank, Development Bank of Singapore (DBS) India, HDFC Bank, State Bank of India (SBI), ICICI Bank offer an complimentary insurance on debit card provided the cardholder has fulfilled certain conditions. Read here to know how the insurance on debit card mechanism works and how can nominees claim it if the cardholder has died. ...Less

The online marketplace and the leading debit card brand have launched the facility to drive process effic ...More

The online marketplace and the leading debit card brand have launched the facility to drive process efficiencies and provide hassle-free experience to shoppers, they said in a statement. ...Less