Buying a home is the one of the most heavy-duty expenditure we take up in our lives. And, given the huge amount of loan one has to sign up for, it’s no mean feat. In such a scenario, taking a joint loan comes off as a breather. Take a look at the pros and cons of […]
For the first time since Feb 2010, the credit card base of the country has gone beyond the pre-crisis level, crossing the 20-million mark. As per the data from the Reserve Bank of India (RBI), credit cards reached 20.29 million at the end of December 2014. According to bankers, boom in the e-commerce industry and […]
In a major boost to promote the use of contactless card transactions, India’s apex bank — The Reserve Bank of India — has decided to waive off the second level of authentication on card transactions. This move will enable customers to carry out transactions up to Rs. 2000 without PIN authentication by using the fast-emerging […]
State Bank of India (SBI), India’s largest bank and cards issuer has launched contactless debit and credit card on Thursday. The contactless card named sbi INTOUCH comes with a latest near-field technology (NFC) enabling users to make payments by waving or tapping the card near the contactless reader instead of swiping or dipping it. Speaking […]
On 7 May, country's largest lender, State Bank of India launched a RuPay Platinum debit card, in association with National Payment Corporation of India (NPCI). The occasion was marked with the presence of Arundhati Bhattacharya, Chairman, SBI; B Sriram Managing Director & Group Executive (National Banking), SBI; and AP Hota, MD and CEO, NPCI. The […]
India’s third largest private lender, Axis Bank, has launched a new service enabling its customers to transfer money using social media platforms. The service allows customers to use such platforms as WhatsApp, Facebook, Twitter, e-mail and SMS through Ping Pay, a mobile application to transfer money. By launching this service the bank is looking to […]
To promote card-based transactions, IDBI Bank has tied up with National Payment Corporation of India (NPCI) to launch Rupay Platinum Debit Card. According to the bank, the card is in line with the Reserve Bank of India’s vision. The card offers open-loop, multilateral payment system to all banks and financial institutions in India. On registering for […]
In a move towards a cashless society, Axis Bank has collaborated with Suvidha Infoserve to launch a prepaid card. The card aptly title Axis Bank-Suvidha prepaid card leverages e-KYC platform to help customers deposit and withdraw cash instantly. MD & CEO of AXIS Bank, Shikha Sharma said, “The Axis Bank Suvidhaa Prepaid card is another […]
ICICI Bank, one of the largest private sector banks in India, has partnered with Tech Mahindra to launch “Tap-n-Pay”, a payment service. This service will allow customers to make payments without using cash, thus reducing dependence on cash. Essentially, ‘Tap n Pay’ is a prepaid account to which customers can transfer money online from their […]
With banks slashing home loan rates at the drop of a hat currently, home loan balance transfer or loan refinancing is emerging to be a popular trend. And, why not! It is a win-win for both existing home loan customers and banks — you get to refinance your existing loan at a lower rate and […]
