Debit Cards

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chandigarh, cashless economy, chandigarh cashless economy, chandigarh news

Debit cards: RBI proposes rationalisation of charges

At present, the RBI has capped charges at 0.75 per cent of the transaction amount for value up to Rs 2,000 and one per cent for transaction amount for value above Rs 2,000.

chandigarh, cashless economy, chandigarh cashless economy, chandigarh news

Now get credit or debit cards in an hour

The time to issue a credit or debit card has been reduced from two to three weeks to 1 hour.

Currency: Paper trails

The Reserve Bank of India has announced withdrawal of currency notes issued before 2005.

Sleuths detect virus at card swipe terminals

CERT-In is the nodal department to protect Indian cyberspace and software infrastructure against destructive and hacking activities.

Prepaid debit cards: a weak link in bank security

Prepaid cards have fewer controls on them than on regular credit and debit cards issued by banks.

Put a check on credit and debit cards transactions: RBI warns banks

RBI tells banks to put cap on credit and debit cards transactions,stop excess issuance of cards

More than 60,000 ATMs to be opened in rural areas in 2 years

There are 65 crore credit and debit cards in the country and Rs 1,50,000 crore worth of transactions.

SC declines PIL on ATM,credit cards

PIL wanted govt to ensure fraud and other crimes do not cost credit cardholders dear.

SBI unveils self service kiosk

For the convenience of students and employees,a Self-Service Kiosk (SSK) was installed at the Panjab University State Bank of India branch

Now,India Post in ‘post bank’ avatar

DoP plans to introduce core banking solutions and set up India Post ATMs and debit cards.

Prepaid cards attract money launderers

A new way to transfer black money has been making waves in the US and it looks foolproof!

Visa gets RBI nod for fund remittance

Visa,a leading electronic payments technology firm,has received the RBI’s approval to offer inbound cross-border remittance to eligible Visa debit or prepaid cards issued in India.

Now,Rs 40K transaction on debit card

The State Bank customers could withdraw,deposit or remit up to Rs 40,000 through their debit cards…

Debit trumps credit amid downturn

In the growth years preceding the credit crisis of 2008,banks,especially private ones,had loosened their purse strings.