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The SIM binding feature basically follows the 'One Mobile Device – One User – One RMN (registered mobile number)' rule to execute banking transactions
e-RUPI will connect the sponsors of the services with the beneficiaries and service providers in a digital manner without any physical interface
Bankers who are privy to the difficulties faced by the customers, claim that ample time was given for closing these accounts
Launch of e-RUPI: Targeted, transparent system will ensure leak-proof transfer of government benefits to the users, says PM Narendra Modi.
SBI has announced 100% waiver on processing fees on home loans until August 31 for all customers
While ICICI Bank has increased the chequebook charges from August, the CBDT has announced further tax filing relaxation
Launched in 2016, it crossed 1 billion transaction for the first time in 2019. In June this year, it recorded 2.8 billion transactions
3% of NeoGrowth's customers explored alternate business opportunities in areas that were booming during the pandemic.
Aadhaar PAN Linking News: The government has extended the deadline to link PAN with the Aadhaar card till September 30, 2021
E-Rupi Benefits: Users of this one-time payment mechanism will be able to redeem the voucher without a card, digital payments app or internet banking