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Union Bank and SBI faced highest UPI transaction failures in December

Union Bank and State Bank of India or SBI, as indicated by National Payments Corporation of India (NPCI), are among the leading issuer banks faced with a surging failure in UPI transactions in December. According to the information, the highest technical decline in December was recorded by Union Bank of India at 10.75% followed by…

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How Can I increase my UPI transaction limit in ICICI?

For all ICICI Bank accounts, UPI’s account limits will be decided as per the bank’s policy. ICICI Bank may change the transaction limits for UPI under National Payments Corporation of India (NPCI) upper limits as per the bank’s policy. The upper limit mandated by NPCI is Rs 1 lakh per transaction and Rs 1 lakh cumulative transaction value. In short, ICICI Bank may increase or decrease the limit as per its policies and…

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What is the difference between bank draft and demand draft?

Clarifying the difference between bank draft and demand draft, terms that are generally used while banking.

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How to Generate Yes Bank Debit Card PIN?

If you are using a Yes Bank debit card, the ATM or debit card PIN may need to be generated ro changed. Check out these methods for generating debit card PIN.

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Tax Collected at Source Applicable on FOREX transactions From October 2020

The Finance Act 2020 has introduced new Income Tax provisions with respect to Tax Collected at Source (TCS) on foreign remittance on all forex transactions under Liberalised Remittance Scheme (“LRS”) from 1st October, 2020.

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Canara Bank revises fixed deposit interest rates. Latest FD rates here

Canara Bank new FD interest rates are effective today The bank also slashed its MCLR by up to 30 basis points across various tenors effective 7th August Canara Bank has revised interest rates on deposits which are less than ₹2 crore with effect from today (10 August). After the latest revision, for term deposits with maturity…