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India Post to issue 5 lakh new debit cards in next 2 months

In the current phase, debit cards will be issued to customers from 2,600 large branches where core banking solution (CBS) has already been implemented.

 
 
There have been numerous cases where the customers have lost their money due to hacking, 'vishing' and other criminal actions of the fraudsters.

The reduction will be effective from June 8, PNB said in a statement.

A Reuters poll showed 35 of 48 economists expected the RBI to cut the repo lending rate by a quarter percentage point to 7.25 per cent
 
 
"Discussed with banks passing on RBI's rate cut to consumers, as also stalled projects, credit growth, education and housing loans," Jaitley said.
Bills for postpaid mobile service, piped gas and water supply can now be submitted as proof of address for opening account with banks.
"The deal, valued at Rs 30 crore, is estimated to be completed in the next three years," an official statement said.
The plastic currency refers to the usage of credit and debit cards. It also reduces reliance on paper currency notes.

"Under this, 'Her Ghar' borrowers can go in for a 'Her Car' loan at reduced rate of 10 per cent per annum," the bank said in a statement here on Tuesday.
NPCI Chief Executive A.P. Hota said the two sides have signed a memorandum of understanding, but were still working out the details of the tie up.

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