Saurav Makhija, kick-started his career with a fast-paced start-up at a package of Rs 5 lakh per annum. When he approached one of the leading private sector banks for a credit card his application was rejected. As he was a salaried person who never had any debt, he thought any bank should be more than […]
Some people restrict the number of credit cards they own to just one as they feel that multiple cards will lead to unnecessary expenditure and increase in credit card debt. But this holds true for people who are not financially disciplined. If you are not a spendthrift, you should not limit yourself to just one […]
The State Bank of India (SBI), the country’s largest bank, has rolled out a new credit card— SimplyCLICK which targets people who shop online. In its sequence of e-initiatives, after the launch of the mobile app — State Bank Buddy— the bank has now come up with this credit card to strengthen its connections with […]
Yes Bank, with a customer base exceeding 1 million, has yet to launch its credit card portfolio. To consolidate its presence in retail credit portfolio, the bank has decided to enter the credit card business by FY17. This is not the first time Yes Bank has announced its interest in the credit card business. In […]
Union Bank of India recently launched one debit card and two credit cards in partnership with Visa. With these cards, Union Bank customers are likely to experience more convenience when accessing digital banking. Let’s see what the cards have in store for the customers: Business debit card for all businessmen with current accounts. The […]
Worldline India, a payment processing company, recently conducted a study Worldline India’s Card Payment report 2014–15 on the impact of Jan Dhan scheme on debit and credit cards. The company concluded that with increasing enrollments in Jan Dhan Yojana, the debit card and credit card base in India has grown by 40% and 9.8%, respectively. […]
Tamilnad Mercantile Bank Limited recently launched TMB prepaid card and TMB gift card to assist customers with digital banking. The TMB prepaid card functions similar to a debit or credit card with the RuPay platform. This payment instrument is valid for five years and the top-ups are available in multiples of Rs 100. This multipurpose […]
The Reserve Bank of India (RBI) has tightened the norms for NPA classification of credit card accounts. Until now, you had 120 days’ time to pay your credit card bills before being classified as a non-performing asset (NPA). But now things are set to change. If you don’t pay your minimum credit card dues within […]
MasterCard, the global payments and technology company, is researching on a smartphone app that will allow people to authenticate a transaction and confirm their identity via biometric. This app aims to enhance online security and make transactions safer. The app will offer consumers with both finger print and facial scan options. On buying a product, […]
On 24th June, India’s third largest private sector bank launched EMV chip-based debit card Secure+ with enhanced security features to make cashless transactions even more secure. Secure+ comes at an annual cost of Rs 300 and offers such protective features as: Emergency assistance in case of loss of ticket and wallet; also covers […]
