The country has lost Rs 100 crore everyday in the last seven years due to bank frauds. However, this loss amount is declining year after year. According to RBI, 83 per cent of banking fraud cases in the country are in just five states. Maharashtra tops it with 50 per cent, while Delhi is in …
Banking Frauds Of 100 Crores Daily in India: RBI Claims Read More »
At present, many cases of cyber fraud have been seen in the country, where many people have become victims of fraud. Actually, there are many such apps, through which fraudsters are cheating people online. According to the report, more than 600 loan giving fake apps (illegal lending apps) are running in the country and these …
Alert: More Than 600 Fake Apps Are Giving You Loans. Delete Them Immediately Read More »
From January 1, the method of online payment will change in the country. For this, the Reserve Bank of India (RBI) has issued a guideline. Following the guidelines of RBI, Google has also announced changes in online payment methods from January 1. Google will not save card information According to the information, Google will not …
Online Payment System Will Change From 1st January 2022. Know About New System! Read More »
What is the impact of new RBI guidelines on my current Standing instruction (SI) set up on my cards? We may have allowed merchants to auto-charge our Credit Card / Debit Card on a recurring basis for services such as Netflix, Postpaid mobile, Insurance payments, etc. These recurring payments will not get through for merchants …
Important Information From IndusInd Bank: New RBI Guidelines On Recurring Payments Read More »
RBI/2021-22/116 DOR.CRE.REC.63/21.04.048/2021-22 October 29, 2021 All Scheduled Commercial Banks All Payments Banks Madam/Sir, Opening of Current Accounts by Banks – Need for Discipline Please refer to our circular DOR.No.BP.BC/7/21.04.048/2020-21 dated August 6, 2020 on the captioned subject and associated circulars thereon. On a review and taking into account feedback received from Indian Banks’ Association (IBA) …
Scheme of Penalty for non-replenishment of ATMs Objective of the Scheme The Scheme of Penalty for non-replenishment of ATMs has been formulated to ensure that sufficient cash is available to public through ATMs. Effective Date The Scheme shall be effective from October 01, 2021. Therefore, banks/ WLAOs should put in place a robust system for …
Reserve Bank of India (RBI) has banned credit card companies American Express and Diners Club International from on-boarding new domestic customers onto their card networks from May 1, 2021. The action has been taken due to non-compliant with the directions on storage of payment system data which the central bank had asked them to store …
RBI bans American Express, Diners from selling new cards from May 1 Read More »