rbi

Reserve Bank of India (RBI) governor Shaktikanta Das on August 26 explained the features of the central bank’s project for a public tech platform for frictionless credit that he said will now be called Unified Lending Interface (ULI). “We propose to now call the tech platform for frictionless...

https://www.livemint.com/money/personal-finance/rbis-new-credit-reporting-rules-what-they-mean-for-your-spending-limit-and-credit-score-11723962088561.html Now seems bank needs to update credit score daily to cibil or experian

RBI Ombudsman Order SBICARDS to compensate Rs 5000 as they rejected someone's SBI Cashback credit card: Note - this info is shared by one twitter user - ProfessorCardz Now you know what to do if your card is being rejected Process as explained by OP and I quote: "1.Save All Emails: When I...

https://www.thehindu.com/business/rbi-clears-e-mandate-for-auto-replenishment-of-fastag-ncmc/article68555086.ece So finally its here! No more hassle of topping up FastTag!!

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India P2P has temporarily halted withdrawals and new investments on its platform following new RBI guidelines on NBFC-P2P lending, issued on August 16. The company informed customers that bulk withdrawals will be limited in compliance with these rules. It reassured that no non-compliance has...

https://m.rbi.org.in//Scripts/BS_CircularIndexDisplay.aspx?Id=12721 RBI noted : 'It has been observed that some of these platforms have adopted certain practices which are violative of the said Directions. Such practices include, among others, violation of the prescribed funds transfer...

I had opened a savings account in Bandhan Bank (Rs 5000 AMB). I had opened it just to keep extra money there and to link it to my stockbroker. I opened it only after seeing on the NPCI website that it supports Aadhaar-OTP UPI registration. However, I was unable to register using the said method...

Hi TFians My father had taken a vehicle loan in 2007 and paid it off in few years. He had even obtained an NOC certificate and last payment date is in March 2013. However when I refreshed his CIBIL report today, the account still shows as active in CIBIL, though outstanding amount is 0. I have...

RBI allows two users to share one bank account for UPI payments | RBI increase UPI limit for Tax Payment from 1 Lakh to 5 Lakh: UPI Payments: The Reserve Bank of India rolled out a feature in August allowing delegated UPI payments. Primary users can approve transactions for secondary users...

RBI released a circular today to increase frequency of reporting. How will this impact us? The new rule says: Banks and lenders must share information with credit bureaus more often (every two weeks instead of every month). Credit bureaus must process this information faster. Banks and...

Recently, I have visited multiple different Bank, and they all have different different timing likes HDFC close at 3:30, BOB work till 4:30 Is there any rule regarding working hours for a branch or Bank And in practical life, do branch or Bank follow them or not? And as a aware customer, how...

I had paid 21k credit card payment through mobiwik but transaction got failed and money is also debited from my bank account. Now on complaining mobiwik they asked me to raise a complaint through in app " help" section, but even after doing so my complaint is not raising. Mailed them and got...

RBI join PROJECT NEXUS: Next-generation cross-border Instant payment: If you dnt know what's PROJECT NEXUS, Here are all the details - In over 70 countries today domestic payments reach their destination in seconds at near-zero cost to the Sender or Recipient. This is thanks to the growing...

"The Reserve Bank of India (RBI) has mandated that all credit card payments be processed through the Bharat Bill Payment System (BBPS) by June 30" - TAKEN FROM NEWS WEBSITE **This will remove Phonepe, cred etc from credit card payment, which is a lose to us as well becoz these platforms...

This is regarding IndusInd platinum Rupay credit card which was issued to me on 30th March. Statement for the same is also generated on 5th April but card was undelivered physically to me as i was not there in that location, due to this Bank has blocked my credit card, on top of this i have not...

First ignore my English and paragraph Today I share my 2 experience again bank. 1) axis Bank I got WhatsApp message if i Spend 5k axis bank will give me 500 rs voucher last 4 digit of credit card mentioned. As per terms and conditions during 90 days voucher will be given. After 90 voucher...

Dear Friends, Happy to share with you all that I have received a compensation of Rs. 10,000 from Canara Bank for harassment. Canara Bank gave 0.5% less ROI on 4 FDs auto renewed in Dec 2023. When complained to BM over phone, he asked me to visit branch with the certificates. On reaching branch...

WTO: USA vs India | US and Switzerland are opposing UPI to reduce the cost of cross-border remittances: The remittance costs are about 6.18 per cent globally which is well above the United Nation's target of 3 per cent RBI, NPCI officials discuss remittance cost analysis with WTO member The...

Where we pay joining fees and annual fees for a card, there should not be any change allowed in credit card benefits even with 30 days notice. In most of the cases, I agree joining is covered by welcome benefits but it cannot be the case for all credit cards. Further in case of annual charges...