Net Banking

UPI carries 0.02% MDR, capped at ₹300, while netbanking costs ₹8-12, negotiated between banks and payment service providers

Move enables faster checkout and seamless netbanking experience for 37 million customers while strengthening interoperability across banks and payment aggregators

Banking Connect, a newly launched net banking platform, will help the Reserve Bank of India monitor fund transfers in real time, a top official of NPCI Bharat BillPay said on Thursday. NPCI Bharat BillPay (NBBL) is targeting an increase of nearly four times in the number of monthly bills processed to 1 billion in four years, as against 260 million at present, Noopur Chaturvedi, managing director and chief executive of NPCI Bharat BillPay (NBBL), told reporters here. A real-time view of transactions on the Banking Connect platform will help the regulator monitor fund transfers to sectors such as cryptocurrency and gaming, Chaturvedi added. At present, it takes at least a week for the RBI to receive transaction data from banks via net banking, and sometimes it can take up to a year, she said. It is worth noting that the RBI has an aversion to private cryptocurrencies such as Bitcoin and has also taken a slew of regulatory measures to restrict their use. The government has recently ta

Banks and NBFCs are looking to raise funds overseas in the next two to three quarters, taking advantage of tighter dollar bond spreads after S&P upgraded India’s sovereign rating.

IOB restores old platform after technical failure in revamped system developed by Infosys subsidiary EdgeVerve disrupts services and login access for customers

Echoing her views, Debasish Panda, chairman of the Insurance Regulatory and Development Authority of India (IRDAI), also underscored growing concerns regarding banks mis-selling insurance products

The RBI had earlier approved an interoperable system saying it will standardise settlement cycles for merchants, improve customer grievance mechanism

Popular applications like WhatsApp, Facebook, and Telegram are likely to be among the apps under consideration for a selective ban

Issues related to ATM/debit cards and mobile/electronic banking were the top grounds of complaints received at the Office of Banking Ombudsman (OBO) during April 1 to November 11, 2021, an RBI report said on Wednesday. The volume of complaints received under the Ombudsman Schemes/Consumer Education and Protection Cells during 2021-22 increased by 9.39 per cent over the previous year and stood at 4,18,184, it said. Of these, 3,04,496 complaints were handled by the 22 Offices of RBI Ombudsman (ORBIOs), including the complaints received under the three erstwhile Ombudsman Schemes till November 11, 2021. Complaints related to ATM/ debit cards were the highest at 14.65 per cent of the total, followed by mobile/ electronic banking at 13.64 per cent. Around 90 per cent of the total complaints were received through digital modes, including on the online Complaint Management System (CMS) portal, email, and Centralised Public Grievance Redress and Monitoring System (CPGRAMS). Majority 66.11

The DBU are being set up to ensure the benefits of digital banking reach the remotest of places

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This malware captures the credentials when users log into their net-banking apps and access bank accounts

If the income tax return (ITR 2021-22) is not verified before the last date, it is deemed invalid (not filed) by the Income Tax Department

Glitch in server caused disruption; Services restored after 2-3 hours

Axis Bank announced its partnership with MinkasuPay to offer the smoothest net banking payment experience for its customers through a biometric authentication solution.

"Customers can now use NetBanking and mobile banking app for transactions. We regret the inconvenience and thank you for your patience," HDFC Bank tweeted.

In the letter to staff, CEO Sashi Jagdishan lists initiatives such as infra scalability, strengthening monitoring its Data Centre, and improving firewalls

They're also safer than credit and debit cards, and online transactions; just make sure you don't overload your prepaid card with too much money

Tinkoff is the world's largest bank that is fully online, with more than 10 million customers across Russia

As the pandemic environment is moving consumers to interact more digitally with their banks, platform models offer agility and scalability during uncertain times