Aadhaar number-based AePS transactions stood at 102.66 million in September, as against 105.65 million a month earlier. In July, there were as many as 110.48 million AePS transactions.
UPI Lite has been launched as an on-device wallet feature that will allow users to make real-time small-value payments of up to Rs 200 without using a UPI PIN. At present, users need to enter the PIN on UPI apps, such as Google Pay, Phonepe, and Paytm.
Union Bank FD Interest rate: The interest rates were revised after the Reserve Bank of India (RBI) hiked the repo rates to 5.4 per cent in August. Following that, most lenders in the country have changed their fixed-term deposit rates.
Union Bank interest rates hike: Almost all the banks have revised their lending rates after the Reserve Bank of India raised its key repo rate last month by 50 bps to 5.40 per cent to tame the rising CPI inflation.
Aadhaar card update: One should first link their 12-digit number provided by UIDAI with their bank account to check the balance from their phones. The service is most useful for senior citizens and adults who don’t own a smartphone and have no access to the internet.
Canara Bank, in a regulatory filing, noted that the new marginal cost of funds-based lending rate (MCLR) across various tenors will be effective from September 7. The benchmark lending rate is used to fix most consumer loans.
The interest rate applicable on a savings account may vary depending on type of account, average balance maintained in the account and the condition laid down by bank.
As interest rate peaks one can also consider investing in debt funds for the short to medium term. Debt Funds invest in fixed income instruments like government and corporate bonds, and debentures among other things.
Consumers across India, including tier 2 and 3 cities, can easily get CASHBACK SBI Card instantly through digital application platform ‘SBI Card SPRINT’.
ICICI Banks has increased its MCLR for the fourth time in four months. Earlier, the rates were revised in June, July and August.
The housing finance bellwether has developed this solution on WhatsApp Business Platform in association with Congo AI.
The credit score is a three digit number between 300 and 900 points, and a good credit score is 750 and above. It is a number which tells about the status of your financial health.
Credit score not only provides a lowdown on the current loans and payments but also of those that were made in the past.
In identity theft cases, a person is not even aware that a loan has been taken in his name. The person generally becomes aware only when the lender starts chasing for repayment or while checking the credit report.
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