rbi

Axis Bank gave compensation of Rs 47500 for delay in closing the credit card: This story is shared by one tweeter, Username - Credofly on his twitter handle. Success Story - A win against Axis Bank - Requested for credit card closure in August 2023. Credit card closed in November 2023...

Paytm now tieup with 3rd party banks to continue Paytm Payment Gateway business: Update: Paytm Payments Bank Limited, an associate of Paytm receives RBI directions. Paytm to expand its existing relationships with leading third-party banks to distribute payments and financial services products...

This is from Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022 Chapter-II, 6, (a),: vi. Card-issuers shall seek One Time Password (OTP) based consent from the cardholder for activating a credit card, if the same has not been activated by the customer for more...

A bank put my account on freeze for inactivity and took 10+ days and 5 visits (total about 200 kilometers) to remove freeze and make account operational. I am disappointed with the service and what kind of compensation can I demand thru Banking Ombudsman?

UPI Best Payments System In World, RBI Not Averse To Having Rival of NPCI: Das Unified Payments Interface or UPI, developed by National Payments Corporation of India (NPCI), has been a runaway success and is already operational in some countries, including Singapore and the UAE. Reserve Bank...

Exclusive: Govt plans Rs 5,016 crore incentive to promote RuPay Debit Card, BHIM-UPI: Digital payment growth India, Rupay debit cards, UPI: The Ministry plans to infuse Rs 5,016 crore during fiscal year 2023–24—up from Rs 2,600 crore in 2022–23—to compensate for the discontinued “merchant...

Hi everyone, I hope you're doing well. I'm currently facing an issue with OneCard (FPL Technologies Pvt. Ltd.) and would like to register a complaint with the banking ombudsman. However, I couldn't find the name "OneCard (FPL Technologies Pvt. Ltd.)" in the drop-down list. Has anyone...

RBI hikes UPI transaction limit to 5 lakhs | e-mandates for recurring online transactions to ₹1 lakh per transaction: RBI hikes UPI transaction limit for hospitals and educational institutions RBI has increased the limits of e-mandates for recurring online transactions to ₹1 lakh per...

I have been trying from last many years for getting HSBC credit card but after initial online approval with 4+ lakh limit my application getting rejected after video KYC . Mailed them about actual reason for application decline but everytime i got response as 'Banks Internal Policy'. So i moved...

Anyone use livquik's QuikWallet FASTag ? QuikWallet FASTag link with RuPay card: Apply link: https://play.google.com/store/apps/details?id=com.livquik.app Presenting QuikWallet FASTag, India’s first Multi-Purpose FASTag. Powered by LivQuik, QuikWallet is India’s first non-banking PPI to get a...

Hi I have a credit card account with HSBC Bank. They have not allocated to me any customer ID. They are sending me a lof of promotional emails and clicking on unsubscribe at the bottom of the emails leads to the following link: https://www.hsbc.co.in/en-in/forms/do-not-call-service/ The above...

Dear members, I have been meaning to change my communication address in my bank for which I do not have proof, i.e., newly rented. I want to keep the permanent address unchanged which was added via KYC proof during account opening. I spoke to two banks one PSB and one pvt both said standard...

Action against Bank of Baroda under section 35A of the Banking Regulation Act, 1949 The Reserve Bank of India has, in exercise of its power, under section 35A of the Banking Regulation Act, 1949, directed Bank of Baroda to suspend, with immediate effect, any further onboarding of their...

RBI unveils new Card-on-File Tokenisation creation directly at the issuer bank level for debit and credit cards users: The decision to enable Card-on-File (CoF) token creation directly at the issuer bank level is expected to make it more convenient for cardholders to create and link tokens to...

Lately there's been a lot of issues because of exclusion of several MCCs for earning reward points. What adds up to the pain even more, is that booking flight tickets uses railways MCC and there are even more such incidents. Even MobiKwik has now changed its MCC from Utility to Wallet Load for...

Hi all, This might be a rant/vent, but let me share a frustrating journey/experience with IndusInd Bank Credit Card that was offered to me LTF, which I accepted after being called atleast 5 times a week. On a fine rainy day in middle of August (or maybe a week before), I received a call. The...

Hi I applied for AU bank card in Feb 2023 for which the lead id wasn't deleted till September. I mailed AU bank team regarding deletion of the lead id. In the mail I asked the below - I want to know when that old application will be removed for me so that I can access swipe up platform. Also I...

Trick to transfer 5% SBI Cashback credit card balance to bank and effectively earn 3% upto Rs3000 profit per month: App link: https://play.google.com/store/apps/details?id=com.eroute.omnicard&hl=en_IN&gl=US Ios link: https://apps.apple.com/us/app/omnicard/id1569978342 Signup with any PAN or...

Delhi has a very big problem of people not accepting taped currency notes at any place. The people almost treat the mutilated or taped notes as if they are illegal, while in fact it is their conduct of not accepting such notes which is illegal. I have a few taped notes, mutilated or torn, of...

HDFC banking related query not anything with credit cards. Where should I mail next if I am not satisfied with the resolution given by Grievance.Redressal@hdfcbank.com over my matter of concern in banking. Please guide me through this banking grievance mechanism. Like in credit card related...