rbi

RBI allows operation of pre-sanctioned credit lines at banks through UPI Scheduled Commercial Banks (SCBs) can now enable payments through a pre-sanctioned credit line for individuals, with prior customer consent, for transactions using the UPI (unified payments interface) system, according to...

Canara Bank launch UPI-Interoperable Digital e-Rupee Mobile App for CBDC Transactions: Canara Bank has taken a pioneering step by launching the UPI interoperable Canara Digital Rupee app, becoming the first bank in India to do so. Canara Bank, a leading player in the Indian banking sector, has...

RBI Monetary Policy August 2023 received via priority account.... Just sharing... RBI Monetary Policy August 2023 Highlights attached

UPI Lite now support NFC payment - Three major announcements on UPI made by RBI Today: * RBI has proposed to enable conversational payments on UPI * Introducing offline payments in #UPI using near field technology (NFC) via UPI Lite * Enable payment of small amount offline on UPI and raise...

SBI Card, here how to convert Visa to RuPay Credit Card: Just saw this tweet - 5:47 PM · Jul 26, 2023 - Finally my #SBI #BPCL Visa #creditcard upgraded to #Rupay network on my request Initially denied to convert saying due to internal policy. I followed up regularly & asked the exact reason &...

On review, the RBI has observed that the existing arrangements between card networks and card issuers (banks and non-banks) limit the availability of choices for customers. As a result, the RBI has drafted a set of guidelines and is seeking feedback. It is expected that the implementation of...

RBI directive forces DreamX, Fampay, Akudo, Muvin and others to halt UPI service: The Reserve Bank of India (RBI) has asked PPI issuers to stop Unified Payments Interface (UPI) in a co-branding arrangement, according to the directions. “PPI holders shall be on-boarded for UPI by their own PPI...

Recently I applied SBI CASHBACK card (after cancelling my SBI Paytm credit card) and after all verification, they rejected my credit card. Even I received a mail stating that the application is rejected due to their internal policy. When I call their customer care to know the exact reason of...

I recently opened a BOI bank account hoping that I it would be zero fee. They didn't give me an option to choose debit card either and gave me a 300fee debit card which I don't want to pay for unnecessarily and isn't even primary account for me. SO if they charge me fee and account goes to -ve...