Does the RBI’s Digital Rupee allow for Fixed Deposits?
The Reserve Bank of India (RBI) opened a small group of participating customers and merchants to test the first retail digital rupee (e-R) pilot program. A digital token that represents legal tender in the form of the digital rupee. The central bank is now evaluating the stability of the entire process of creating, distributing, and using […]
Everything You Should Know About the Digital Rupee
Quick check: Before you download a loan app, check which RBI-registered lender is behind it, and compare its APR, not just the interest rate. For example, see MoneyTap / Freo and Chinmay. What exactly is Digital Rupee? A “legal tender” issued in digital form by a central bank, according to the Reserve Bank of India, […]
How to Avoid Financial Frauds ? 8 points you need to know.
Financial frauds can happen to anyone and can result in significant financial losses. It’s important to be aware of the different types of fraud and to take steps to protect yourself. Here are some tips on how to avoid financial frauds: In conclusion, it’s important to be vigilant and to take steps to protect yourself […]
How to Withdraw Money from the ATM Using UPI?
United Payments Interface (UPI) has become one of the leading methods of payment in India. Launched in 2016, the system powers multiple banks accounts into a single mobile application. It facilitates the transfer of money and online payments. The UPI comes under the aegis of the National Payments Corporation of India (NPCI). In the latest […]
Credit Card Billing Rules from July 1st, 2022
On April 21, 2022, the Reserve Bank of India (RBI) published updated regulations for the issue of credit and debit cards. These include updated regulations for credit card cancellation, invoicing, etc. Every Scheduled Bank (with the exception of Payments Banks, State Co-operative Banks, and District Central Cooperative Banks) and all Non-Banking Financial Companies (NBFCs) operating […]
Fraud Prevention Checklist and Steps to Help Avoid It
Fraudsters continue to find new ways to separate you from your personal information and your money. No one is immune from identity theft. With a few simple steps, you can avoid some of the biggest and fastest growing traps. Even if your information, account or identity is compromised you shouldn’t panic. With proper advanced planning […]
10 Ways to Keep Your Online Financial Data Safe
Cyber thieves use a variety of methods to try to collect your personal and financial information through the internet. For most of us, utilising mobile applications and PCs to conduct banking and financial activities has become increasingly frequent. The risk of your data and hard-earned money being compromised is higher than ever before as a […]
What should you do if you’ve been a victim of a Bank Fraud?
In India, cybercrime has been on the increase. According to a survey released in April 2021, around 2.7 crore adults in the country were victims of identity theft in the previous year. Because the number of bank frauds is on the rise, you should be extra cautious about your transactions, especially those conducted online. According […]
WhatsApp for Business is now available with a cloud API and vanity URLs
WhatsApp Business, a new cloud-hosted version of the company’s API, is now available to all enterprises and developers, according to Meta. Premium capabilities, like as the option to establish a vanity URL for consumers to contact you, will be available to the messaging platform’s 50 million-plus small business app users. WhatsApp now offers a paid […]
UPI Fraud in India and ways to protect yourself
The Unified Payments Interface, or UPI, has grown in popularity due to its user-friendly features. It’s a single platform that combines a multitude of financial services and features into one convenient location. All you need is a UPI ID and PIN to send and receive money. The UPI ID may be generated using the bank […]