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.
The time to issue a credit or debit card has been reduced from two to three weeks to 1 hour.
The Reserve Bank of India has announced withdrawal of currency notes issued before 2005.
CERT-In is the nodal department to protect Indian cyberspace and software infrastructure against destructive and hacking activities.
Prepaid cards have fewer controls on them than on regular credit and debit cards issued by banks.
RBI tells banks to put cap on credit and debit cards transactions,stop excess issuance of cards
There are 65 crore credit and debit cards in the country and Rs 1,50,000 crore worth of transactions.
PIL wanted govt to ensure fraud and other crimes do not cost credit cardholders dear.
For the convenience of students and employees,a Self-Service Kiosk (SSK) was installed at the Panjab University State Bank of India branch
DoP plans to introduce core banking solutions and set up India Post ATMs and debit cards.
A new way to transfer black money has been making waves in the US and it looks foolproof!
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.
The State Bank customers could withdraw,deposit or remit up to Rs 40,000 through their debit cards…
In the growth years preceding the credit crisis of 2008,banks,especially private ones,had loosened their purse strings.