rbi

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...

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...