In India, there are thousands of crores (Rs 35,000 crore) lying across banks as unclaimed deposits. So many people want to know if there is some money that they are unaware of. Such accountholders or their nominees need to be aware of latest unclaimed deposits RBI guidelines to figure out...
UPI was developed by the National Payments Corporation of India (NPCI), and the Reserve Bank of India (RBI) is in charge of regulating it. By leveraging the Immediate Payment Service (IMPS) infrastructure, UPI enables individuals and businesses to transfer money instantly between any two bank ...
Orchha,the historic town on the banks of the Betwa River, is known for its medieval architecture and temples. Madhya Pradesh hosts two of the twelveJyotirlinga temples, Mahakaleshwar in Ujjain and Omkareshwar. 14. Maharashtra Maharashtra or “Gateway to the Heart of India,” comes on the west...
1,30,000 codes: Currently, there are around 1,30,000 IFSCs assigned by the RBI to various banks and branches. These codes help in the clear identification of banks and branches to ensure that money transfers are made to the right beneficiary. The RBI maintains a database of IFSCs and c...
The widespread use of mobile devices for banking has been revolutionary, with the rise in mobile wallet adoption turning it into a competitive space for industries like high-tech firms, banks, and other entities aiming to attract users to their platforms
“Any Group With Such A Meteoric Ride Based On Borrowings, Acquisitions, And An Elevated Stock Price Deserves Scrutiny.”– Former Senior Reserve Bank of India (RBI) Official From a solvency perspective, multiple listed entities in the group are highly leveraged relative to industry averages: Four...
In india banks are regulated by Reserve bank of India (RBI). Some banks also provide financial services.Answer and Explanation: Income Tax department have several sources of information. As your bank accounts are linked with Aadhaar and PAN also, they can get the inform...
Related Read:How to Change UPI ID in Google Pay? 2. National Payments Corporation of India (NPCI) The NPCI governs UPI, ensuring uniformity and security across transactions. It validates the transaction details and routes requests between banks and PSPs. ...
The National Payments Corporation of India (NPCI) created it and the Reserve Bank of India (RBI) oversees its operation. The user will only have to use a virtual address, a unique identifier known as a Virtual Payment Address (VPA) to carry out any transaction. If you integrate UPI into...
The RBI in India now requires banks to obtain e-mandate from the customers when enabling recurring payments for merchants located outside the country. Apple does not have an e-mandate associated with Indian banks and this causes its payments to decline. There is an alternative solution provided ...