December has become a good time to buy a car as auto majors, such as Maruti Suzuki and Hyundai, roll out major discounts of 10% -15%. These major discounts are present across most models of Maruti Suzuki and Hyundai including the popular ones Elite i20 and Swift. Although, the number of cars sold has witnessed […]
Thinking of buying a luxury car in 2017? You are in luck; Europe-based car manufacturer Skoda has four new car models lined up that cater to everyone – from the budget-buyers to the affluent ones. Take a look at the prices, features and specifications and take your pick! Skoda Citigo Skoda, a Volkswagen […]
The recent RBI decision to introduce OTP based e-KYC verification can both save your effort and quicken the process of opening bank accounts. This means you will now be able to open a bank account without even visiting the bank! What is e-KYC? e-KYC is a process which electronically verifies your personal details and […]
Maruti Suzuki’s much-awaited Ignis is ready to make its Indian debut on 13th January 2017. The company has listed the model on their website as “coming soon”. Ignis is expected to replace Maruti Ritz which may be considered as outdated in terms of features and specifications. Sales of Ritz have been also declining steadily […]
The demonetization of high currency notes by the government has led to a big surge in digital payments, with more and more people realizing the convenience that comes with it. As India progresses towards a cashless economy, we take a look at how different digital payment systems work and fare against each other: Mobile […]
If you have been thinking of buying a Tata car, it’s time to book one soon! Home-grown auto major Tata Motors is set to raise prices of its passenger vehicles by up to Rs. 25,000 due to increase in input costs. Tata Motors said the increase in prices would be effective from January 1st and […]
India’s biggest public sector bank, State Bank of India will soon launch new set of credit cards for the lower strata with a cap of Rs 25,000. These cards will help those people who have the capacity to pay but don’t have cards. Vijay Jasuja, Chief executive of SBI cards and Payment Services said […]
The RBI has allowed OTP based e-KYC for banks to open new accounts using OTPs (One Time Pin) on mobile phones. This amendment will quicken the process of opening accounts. Account Deposit and Transaction limits An aggregate deposit limit of Rs 1 lakh is applicable on these accounts. Also, the total financial credits cannot be […]
Continuing with its push towards a cashless digital economy, government has introduced additional schemes to promote the use of digital payment options as opposed to cash-based transactions. These new digital payment benefits include the following: • Nil Service Tax on transaction charges for individual digital payments not exceeding Rs. 2,000 • 0.75% discount on sale […]
In the process of easing online card payments, Reserve Bank of India (RBI) relaxed the authentication norms for the payments up to Rs.2000. To add on to the convenience with sufficient security of online shopping for low value transactions, card issuers would offer payment authentication solutions for the respective card networks on an optional basis. […]
