As per NPCI, HDFC customers can now use their HDFC RuPay credit card on UPI. HDFC Bank is the first private sector bank to enable this service on UPI making hassle-free payments through this credit card. The card can now be directly linked to UPI and the customers can carry payments and transactions through their…
WhatsApp Banking in HDFC HDFC Bank has launched its WhatsApp Banking services with an aim to provide convenience to its customers having savings accounts and current accounts. It is a hassle-free banking experience which offers accountholders services like account balance, card-related enquiries, bank-related enquiries, fixed deposit investments, etc. Let us know more about HDFC WhatsApp…
Contactless transactions have provided a better security feature while making transactions at PoS terminals. With lower risks of card skimming or fraud, Axis Bank has extended this feature from debit cards and credit cards to other wearables. However, these devices are yet to gain popularity among the masses, let us find out if these are…
UPI 123Pay Unified Payment Interface is a single platform for accessing different bank accounts for making or requesting payments. It is an immediate money transfer service that lets users do transactions round the clock 24×7 and 365 days. This service was earlier limited to smartphones that needed internet connection. RBI in association with NPCI has…
UCO Bank has recently launched its WhatsApp banking. Customers can now avail banking services via Whatsapp chatbot. The service is user-friendly and easy to use. Read on to know more about the process.
Banks have targeted millennials by making banking easy, friendly, and transparent which has strongly built the foundations for the development of the economy of the country. Let us find about a few initiatives undertaken by banks to add more millennials and make availing banking services easy for them.
People will now be able to withdraw cash from ATMs without using the ATM cards. This will be facilitated through UPI where a user can withdraw cash from ATMs by scanning the QR code. However, the highest withdrawal limit is set to Rs. 5,000 per transaction currently.
As per the latest update from 1st October 2021, the Reserve Bank of India will be imposing a penalty of Rs. 10,000 on banks for the non-availability of cash in ATMs for a period of 10 hours in a month. RBI in it’s statement said, ‘A review of downtime of ATMs due to cash-outs was…
The Prime Minister of India Narendra Modi launched e-RUPI– a cashless and contactless way of making payments digitally under the ‘Digital India’ initiative on 2nd August 2021 via video conferencing. According to the PM, beneficiaries can receive a QR Code or an SMS-based electronic voucher on their mobile phones. Moreover, they do not require a…
