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. […]
First things first – Using your credit card till it reaches the credit limit is not a good practice and should be completely avoided. You should not use more than 40% of your credit limit in any given month. A maxed-out credit card is a dangerous proposition because of several reasons. Firstly, a credit card […]
Sedan cars in India are designed to offer a balance of style and affluence, along with smooth unmatched driving experience. Every year brings new surprises for auto-enthusiasts, whether it’s a reimagined version of a classic or a new launch that redefines design and comfort. While some sedans are ideal for daily commuters (being thrifty gas-sippers), […]
Porsche launched the new ultra-luxury Macan R4 SUV at Rs.76.84 lakhs (Delhi ex-showroom price). This is the 4th variant of the flagship Macan brand to be introduced in the Indian automobile market after S diesel Turbo. Macan R4 has 2.0-liter, four-cylinder petrol engine which would produce 370Nm torque and 252PS power. With a 7-speed […]
After the recent data theft of debit cards, the banking industry has tightened security aspects of cards and have urged customers to change passwords. Here are different kinds of card frauds and the necessary precautionary steps. Skimming This takes place when your card is inserted into an electronic device that copies and saves the […]
