The big plastic bonanza: Credit cards business is booming like never before The Indian middle class appears to be on a spending binge. Credit card spends topped Rs 1.16 trillion in July, a 6.5 per cent growth month-on-month and 54 per cent year-on-year. Spends have stood at Rs 1 trillion for five running months now. Fresh card issuances were ...

ICICI Bank credit card users will have to pay 1% fee on this common payment soon [ad_1] Do you pay rent via ICICI credit card? Soon, the bank will charge 1 per cent as a fee for paying rent via credit cards. “Dear Customer, starting 20-Oct-22, all transactions on your ICICI Bank Credit Card towards rent payment will be charged ...

RBI asks urban cooperative banks to appoint compliance chiefs by April 2023 The Reserve Bank of India has asked Urban Cooperative Banks (UCBs) with deposits above Rs 10,000 crore to appoint a chief compliance officer (CCO) by April 01, 2023, to improve corporate governance. These banks are categorised as tier-4 entities. RBI gave tier-3 banks — those ...

NPS Withdrawal: Now you can get NPS withdrawal money within 3 days: PFRDA [ad_1] The Pension Fund Regulatory and Development Authority (PFRDA), has reduced timelines for withdrawal from the National Pension System (NPS) from T+4 to T+2. According to a PFRDA press release issued on September 20, 2022, “The withdrawal requests of Subscribers at the time of exit were hitherto ...

Sitharaman nudges fintech players to have more engagement with govt Finance Minister Nirmala Sitharaman on Tuesday nudged the fintech industry to break the distance barrier and have more engagements with the government and its agencies to enhance trust. Sitharaman was replying to a question by Kris Gopalakrishnan, Chairman, Global Fintech Fest (GFF) 2022 Advisory Board, who wanted ...

This guaranteed pension scheme to be discontinued for taxpayers from October 1; Know features, rules – Attention taxpayers [ad_1] An individual will get an option to select the monthly pension amount from Rs 1000, Rs 2000, Rs 4000, or Rs 5000 at the time of joining. His contribution will depend on his age at the time of starting the scheme, ...

Other nations showing interest in India’s payment ecosystem: FM Sitharaman India’s success in popularising digital payments through the Unified Payments Interface (UPI) and RuPay cards has led to other countries getting interested in the indigenously built payment stack, said Finance Minister Nirmala Sitharaman on Tuesday. “Countries today such as Singapore, Bhutan, France’s Lyra, and also many others ...

5 things to do to make sure you are not duped by your spouse [ad_1] 5 things to do to make sure you are not duped by your spouse [ad_2]

Centre seeks hiring plan after public banks see dip in staff strength After several Public Sector Banks (PSBs) acknowledged the shortage of staff, especially clerical, the finance ministry has reportedly asked bank chiefs to take stock of the employment situation in these entities. The ministry has sought a monthly hiring plan from the banks, a report in the Times ...

Earn more than 6% interest rate on these 5-year bank FDs [ad_1] Ever since the Reserve Bank of India (RBI) started to hike key policy rates in May 2022, banks, too, have been increasing fixed deposit interest rates regularly passing on the benefits to its customers. Here is a look at the 5 banks offering the highest interest rates on ...