card tokenisation: Pay for your Uber ride using debit, credit card? How to tokenise your card on Uber [ad_1] The Reserve Bank of India’s (RBI) tokenisation rule will come into effect on October 1, 2022. From October 1, merchants operating will not be able to store card details of customer and can only use tokens for repeat transactions. Untokenised cards ...

Senior Citizens Savings Scheme account: How to open Senior Citizens’ Savings Scheme account [ad_1] The scheme A retirement savings scheme specifically designed for senior citizens, the Senior Citizens’ Savings Scheme (SCSS) is for those who are above the age of 60 years. The rate of interest of the SCSS is decided by the government and it provides regular income to ...

Rupee trade: Understanding difference between Nostro and Vostro accounts The Reserve Bank of India (RBI) has approved two Russian banks, Sberbank and JSC VTB, to open special Vostro accounts for rupee trade. The approval came months after India’s central bank announced its norms for rupee trade. In early September, UCO Bank had also received RBI’s approval to ...

APY Account Offline: How to open Atal Pension Yojana (APY) online, offline [ad_1] APY, or the Atal Pension Yojana, is a social security scheme. In order to invest in the Atal Pension Yojana, a person must contribute monthly, quarterly, or half-yearly to the Atal Pension Yojana Account. Once the participant turns 60 years old, a monthly pension is handed out ...

Rupee appreciates 35 paise to 81.58 against US dollar in early trade The rupee appreciated 35 paise to 81.58 against the US dollar in early trade on Thursday as the American currency retreated from its elevated levels. At the interbank foreign exchange, the domestic unit opened at 81.60 against the dollar, then touched 81.58, registering a gain ...

DA hiked by 4%: This is how much your monthly salary will increase [ad_1] The math Let us say the basic pay of a junior-level central government employee is Rs 20,000 per month. Earlier, at the rate of 34%, the central government employee was receiving DA of Rs 6,800 per month. Now after it has been hiked to 38% the ...

Public sector banks plan to establish verticals for big data, analytics With an aim to move toward more data-driven decision-making, public sector banks (PSBs) will create specialised verticals for big data and analytics, reported The Economic Times. The move is in response to the government’s order for financial institutions to improve data-driven, integrated, and inclusive banking. Public ...

RBI unlikely to extend card tokenisation deadline despite merchants’ demand India’s central bank is unlikely to extend a Friday deadline for businesses to set up an additional layer of security for consumers’ credit card data even after some concerns remain over payments failing and revenue losses, say bankers and merchants. Despite a demand by smaller merchants to ...

How senior citizen can take back property given via gift deed [ad_1] We often hear or read in newspapers that children have neglected their senior citizen parents. Many elderly parents are sent to live in old-age homes because the children don’t want to take the responsibility of taking care of them. In some extremely sad cases, the children have taken ...

Bank Holiday October 2022: Bank holidays in October 2022: Banks will be closed for 21 days in October, check the full holiday list here [ad_1] October is a festive month in India since it is marked with important celebrations and holidays. In October we have the festivals of Durga Puja, Deepawali, Laxmi Puja, Karva Chauth and many more. On the ...