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State Bank of India has launched all in one Pos terminal ‘MOPAD’ to accept any type of digital payments i.e. Credit Cards, Debit Cards, Bharat QR, UPI and SBI Buddy (eWallet). MOPAD stands for ‘Multi-option payment acceptance device‘. SBI insisted that MOPAD will change the existing digital payment services at merchant outlets and customer need […]
Public Sector Bank Syndicate Bank has posted a net loss of Rs. 1,282 crore for the quarter ended 30th June 2018 is due to higher provisioning, reduction in Treasury Income and MTM depreciation. he highlights of Syndicate BAnk quarter result for 30th June 2018. Highlights – Global Business is at Rs. 4,74,976 crore. – Domestic CASA […]
India’s third payment bank i.e. India Post Payments Bank (IPPB) will be launched on August, 21st by Prime Minister Narendra Modi. IPPB will be the third payment bank after Airtel Payment Bank and PayTm Payment Bank. India Post Payments Bank (IPPB) will have at least one branch in every district and focus on financial services in rural […]
Minimum Balance Charges penalty is the major source of income for the banks including Public Sector as well as Private Sector. 24 Banks in India has collected Rs 5000 crore as Minimum Balance Charges in the fiscal 2017-18 altogether. Calculate – Bank’s Monthly Average Balance Calculator (MAB) Largest lender State Bank of India (SBI) accounted for […]
This is really a mystery which is not yet solved !!! If you verify your phone, you will find Toll free number 1800-300-1947 stored in the contact list of your mobile phone . Amazingly you have not added this number and UIDAI has made it clear that this number doesn’t belong to them. UIDAI said […]
Reserve Bank of India has made it clear through reply of a Right to Information (RTI) query that Cash-on-delivery (CoD) by services Aggregators/payment intermediaries like Amazon and Flipkart are not authorized under Section 8 of the PSS (Payments and Settlements Systems) Act, 2007. are not authorized under the definition of payment system and system provider of the Payments […]
Reserve Bank of India (RBI) has stopped Paytm payments bank from adding new customer since 1st August 2018. RBI has shown their dissatisfaction in the process approached by Paytm Payments Bank in acquiring new customer and process follows in adhering KYC norms. Paytm stopped enrolling new customers on 20 June following an audit by RBI. It […]
A new type of scam hits the thousands of Credit Card Customers of three Indian Banks i.e. ICICI Bank, HDFC Bank and RBL bank. Fake Android apps of ICICI Bank, HDFC Bank and RBL Bank were used by the attackers to get the Credit Card details of customers claiming to increase the credit card limit. […]
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