Earlier the Reserve Bank of India (RBI) has announced that that this will provide a fillip to India's digital payments initiative

Last year, the RBI had also made the services of the National Electronic Fund Transfer (NEFT) be available 24*7.

Top-down reforms since the demonetisation of 2016 have already derailed the economy and brought misery to millions, yet the great zeal to do more of the same amidst protests from several segments of population demonstrate that the intent is far from public welfare

The changes are expected to be for the better.  So, from RTGS, LPG cylinder price to policy premiums, here is what all is going to change.

While government claims on tax compliance and GST collections paint a healthier picture of the economy, tax-to-GDP has fallen for two consecutive years and tax collections across the board in the first half of FY21 are nowhere close to FY20, indicating that trouble is far from over

India will be among a select few countries to have this facility. For this, payment system operators to be licenced on a perpetual basis, says RBI Governor Shaktikanta Das 

The war-room was being manned by just about 120 most critical staff from the RBI, along with 60 key personnel from its 600-people strong workforce of its external vendor and around 70 facility staff

The war-room is manned by 90 most critical staff from the Reserve Bank, 60 key personnel from its 600-people strong workforce from its external vendors and around 70 facility staff

Digital and physical mix is leading to a change in the nature of jobs and also bringing in new skill sets in banking

From January onwards, all companies with a turnover of Rs 50 crore or more need to provide the facility of payment through RuPay Debit card and UPI QR code to their customers, under which no MDR fee will be charged from customers as well as merchants

UPI was thoughtfully planned and critical aspects of its design led to its success, says the company, adding that its three aspects -- interbank transfer and real-time system and open system -- led to the platform's major success in India

A FASTag comes with Radio Frequency Identification (RFID) technology that is linked to the customer's saving account

The State Bank of India has revised service charges for deposits and withdrawal as well as ATM transactions that will kick in on October 1. Here's all you need to know.

This is the second time RBI has increased the time period for RTGS payment system. The apex bank had extended RTGS timings by one-and-a-half hours to 6pm from June 1.

From Monday, the RTGS system will be available for customer transactions from 7 am onwards, instead of 8 am currently

How to manage your money better by using latest apps and other digital upgrades

Currently, the National Electronic Funds Transfer (NEFT) operated by the RBI as a retail payment system is available for customers from 8 am to 7 pm on all working days with the exception of second and fourth Saturdays of a month

Jammu & Kashmir crisis: I assure the people of the nation and especially residents of Kashmir Valley that we will not hesitate in granting statehood to the new union territories once normalcy returns, says Amit Shah

India is expected to clock the fastest growth in digital payments transaction value between 2019 and 2023 with a compounded annual growth of 20.2 per cent, ahead of China and the US

Share Market Update: All the sectoral indices closed on the red, with major declines seen in PSU Bank, which was down by almost 5.20 % and PVT bank down at 2%, followed by other major indices like Pharma, Realty, Media and Metal, each declining over 1%.