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Rupay India’s payment network like Visa and MasterCard
RuPay is India’s own card payment network just like Visa and Master Card and provides a low cost alternative system for banks to provide debit card service. Dedication of RuPay to the nation is...
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Credit card frauds and How you can avoid them
Credit cards issued by Reserve Bank of India Yes, that’s the latest trick fraudsters are using to dupe people. This article covers how people were duped in the name of RBI credit card. What are the...
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What are Mobile Wallets or Digital Wallets
“Use Paytm wallet and get 5% additional discount on BigBasket.com“, said my Colleague. “I use Ola wallet while booking Ola cabs and get discount on my taxi fare“, said another one, “No need to carry...
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Payment Banks,Types of Banks in India, History of Banking in India
On 19 Aug 2015, RBI gave in-principle licences to eleven entities to launch payments banks. What are Payment Banks, What are different Kinds of Banks in India, what is the history of Banking in India...
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Factors that affect the Stock Market: RBI Meeting,Inflation Numbers,Quarterly...
The Reserve Bank of India (RBI) cut the repo rate by 50 basis points in its fourth bi-monthly policy review held on 29 Sep 2015.From opening deep in the red, key equity indices staged a marked recovery...
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What it MCLR? Should one switch Loan from Base Rate to MCLR Rate?
All new loans sanctioned on or after April 1, 2016 will be linked to MCLR or marginal cost-based lending rate. MCLR is the new benchmark lending rate at which banks will now lend to new borrowers....
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What is Unified Payment Interface or UPI?
The Unified Payment Interface or UPI is a system to allow account holders across banks to send and receive money from their smartphones using a single identity mode- Aadhar Card Number, Mobile Number...
View ArticleNew Rs 500 and Rs 2000 notes : Features,Comparison
The images of new Rs 2000 and Rs 500 were released by RBI on their twitter account @RBI. This article covers New Rs 500 and Rs 2000 notes. What are the salient features of Rs 500 and Rs 2000...
View ArticleCurrency Management: How does Indian Notes and Coins reach People
The Reserve Bank of India has task of issuing, managing and distributing currency notes and coins. This article talks about Currency Management in India, how does Indian Notes and Coins reach people?...
View ArticleHow does RBI deal with old notes, banned notes of 500 and 1000
In a major assault on black money and terror financing, Prime Minister Narendra Modi on November 8 2016 announced demonetisation of 500 and 1,000 rupee notes and asked holders of such notes to deposit...
View ArticleNew Rs 500 and Rs 2000 notes : Features,Comparison
The images of new Rs 2000 and Rs 500 were released by RBI on their twitter account @RBI. This article covers New Rs 500 and Rs 2000 notes. What are the salient features of Rs 500 and Rs 2000...
View ArticleCurrency Management: How does Indian Notes and Coins reach People
The Reserve Bank of India has task of issuing, managing and distributing currency notes and coins. This article talks about Currency Management in India, how does Indian Notes and Coins reach people?...
View ArticleHow does RBI deal with old notes, banned notes of 500 and 1000
In a major assault on black money and terror financing, Prime Minister Narendra Modi on November 8 2016 announced demonetisation of 500 and 1,000 rupee notes and asked holders of such notes to deposit...
View ArticleRBI plans to extend cyber audit to all banks
The cyber-attacks have been on a rise lately. The Reserve Bank of India has got many cases of the complaints of such cyber-attacks in the last few years. To take a measure in this regard, the RBI is...
View ArticleP2P Lending: What is Peer to Peer Lending, RBI guidelines,P2P Lenders
The Reserve Bank of India has introduced the rules and norms that would govern the P2P lenders and has also capped the aggregate exposure of a lender to all borrowers at a time at Rs 10 lakh and...
View ArticleWhat happens when a bank is placed in Moratorium : ATM, NEFT, Can banks fail
Reserve Bank of India (RBI) placed Yes Bank under a moratorium on 5 Mar 2020. PMC or Punjab and Maharashtra Cooperative Bank was put under RBI watchlist in Sep 2019. The PMC bank crisis claimed many...
View ArticleRBI EMI Moratorium : To pay or not pay EMI on Loans, Credit Card dues, due to...
RBI had extended the moratorium for all the EMIs falling due in June, July and August 2020. Earlier It was for EMIs between 1 March and 31 May 2020. This has been done to ease the lack of liquidity...
View ArticleBest Fixed Deposit Interest Rates, FD rates, Why FD rates change
Banks have been reducing interest rates on Fixed Deposits. This article talks about Fixed Deposit Interest Rates, gives Fixed Deposit Interest Rates of Top Banks. It also discusses how Interest Rates...
View ArticleRBI Savings Bonds 2020 : Floating Rate, Taxable
Government of India has launched RBI Floating Rate Savings Bonds, 2020 (Taxable) scheme starting from 01 July 2020 to enable person resident in India/HUF to invest in a taxable bond. These RBI...
View ArticleKiller Lending Apps: How do these Apps work? What is RBI doing?
At least 5 suicides in Telangana and one in Delhi, have been linked to extreme harassment over failure to repay loans disbursed by instant loan apps. Such loan apps which can easily be downloaded from...
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