RBI

The above graph represents the monthly distribution of the total number of National Electronic Funds Transfer (NEFT) transactions in India, starting from April 2004 to October 2019. The number of NEFT transactions in India increased to 242.4 million in...

In a major reform by RBI, all online payment transfers done through NEFT or RTGS are made charge-free. It means that millions of online banking users in India, who indulge in NEFT or RGTS payment transfers actively, can have...

Digital transactions have been a boon to people everywhere. They have reduced the erstwhile physical exertions involved in bank transactions to a mere tap or mouse click. However, with the increase in ease comes the increase in liabilities. One...

Xiaomi has been the talk of the town in the past few months. Ever since becoming the most sold smartphone company in India, Xiaomi has been pretty ambitious. From launching its own sub-brand to compete with Samsung and OnePlus...

Paytm has gained a lot of popularity over the past few years, trying to allure its users through exciting cashbacks and attractive offers. In an attempt to retain its current user base and to further expand it, Paytm launched...

It has not been long since the Panjab National Bank (PNB) fell victim to India's biggest bank fraud involving alleged embezzlement of funds worth nearly Rs 1.8 billion (about Rs 11394 Cr). Famous jewellers Nirav Modi and his uncle Mehul...

RBI agrees on wallet money to be used without KYC (Know Your Customer), but with conditions. 28th of Feb, which is tomorrow, supposedly happens to be the last day for completion of the mandatory KYC compliance by Prepaid Wallet users....

PayPal has finally managed to break the ice with Reserve Bank of India on current ‘transaction limit’ chaos for Indian merchants – atleast till an extent.  Going further, Indian merchants - who use PayPal to receive money from overseas...