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Bank Holidays in December 2022: Know why banks to be shut for 9 days; online banking open

1Dec

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Technology

Bank Holidays in December 2022: Know why banks to be shut for 9 days; online banking open

[ad_1] Bank Holidays in December 2022: The month of December has begun and includes 9 days of banking holidays. Know bank holidays, occasions, other details here. However, online or net banking will remain operative. Bank Holidays in December 2022: The last month of the year December has started and the list of bank holidays in the month are out. So, if you have any planned banking activity to be completed and have to visit your nearest bank branch, you need to know about the list of holidays. As per the details provided by the Reserve Bank of India (RBI) banks will remain closed for 9 days in December. Meanwhile, online or internet banking will remain operative 24x7.People who have to complete banking activities like depositing money, updating passbook, transferring amount, among oth...

Bank Holidays in October 2022: Banks closed for 6 days from tomorrow; online banking open

21Oct

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Technology

Bank Holidays in October 2022: Banks closed for 6 days from tomorrow; online banking open

[ad_1] Bank Holidays in October 2022: Banks will remain closed for 6 days starting October 22. Know occasions, other details here. However, online or net banking will remain operative. Bank Holidays in October 2022: The festival of lights- Diwali is just around the corner and the 5 days celebration will start with Dhanteras. It can be known that Dhanteras will be celebrated on both 22nd and 23rd of October. But, here is an important update for bank customers. Due to the festivities and other occasions, banks will remain closed for six consecutive days starting tomorrow (Saturday), October 22, 2022. Meanwhile, online or internet banking will remain operative 24x7. People who have to complete banking activities like depositing money, updating passbook, transferring amount, among others...

Tokenize your debit card, credit card for safe online transactions from Oct 1

1Oct

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Technology

Tokenize your debit card, credit card for safe online transactions from Oct 1

[ad_1] If online is your preferred mode of payment, you can use a virtual code instead of exposing your actual card details. If online is your preferred mode of payment, you can use a virtual code instead of exposing your actual card details to shield against data thefts and financial frauds from Saturday, as RBI norms on card tokenization come into force.Card-on-file Tokenization (CoFT) is a process through which the actual details such as the 16-digit number, expiry date on a credit or debit card are replaced by a virtual code which is unique for that card, merchant point where it is to be used and the token requestor (or the card user). As per RBI guidelines, payment aggregators, wallets and online merchants (entities in c...

Bank Holidays October 2022: Banks to remain closed for 15 days, but not pan-India; net banking to work

25Sep

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Technology

Bank Holidays October 2022: Banks to remain closed for 15 days, but not pan-India; net banking to work

[ad_1] Bank Holidays October 2022: Due to several occasions and festivals banks will remain closed for 15 days in October. However, online or net banking will remain operative. Bank Holidays October 2022: Do you have any banking activity to be completed in October? If yes, you will have to plan visiting the bank nearby you accordingly, as banks will remain closed for 15 days in the month of October due to festivals and other occasions. Also, these 15 days of bank holidays do not include second and fourth Saturdays and Sundays. It can be noted that it is not necessary that banks in all the states will be shut for 15 days as some of the festivals or occasions are state specific. Meanwhile, online or internet banking will remain...

Killing the fintechs? After India’s digital lending rules setback, firms plan pushback

26Aug

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Technology

Killing the fintechs? After India’s digital lending rules setback, firms plan pushback

[ad_1] India's stricter digital lending rules have disrupted card services of foreign-backed fin-tech firms and jeopardised loan offerings of Amazon, prompting companies to chart a lobbying pushback, according to industry sources and a document seen by Reuters.Citing concerns over high rates and unfair practices, the Reserve Bank of India (RBI) this month said a loan borrower must deal directly with a bank, dealing a blow to prepaid card providers and shopping websites which act as intermediaries and instantly process deferred loan payments. India's digital lending market has grown quickly and facilitated $2.2 billion in digital loans in 2021-22, with startups attracting foreign backers and giving traditional banks a run for their money in the credit business. The n...