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Prime Minister Narendra Modi

15 Aug 2017

Prime Minister Narendra Modi urges greater digital transactions

Prime Minister Narendra Modi on Tuesday urged the nation, especially the youth, to adopt the digital platform for their money transactions.

National Payments Corporation of India (NPCI)

04 Aug 2017

NPCI hits 1 billion transaction mark in July

He said highest growth has been seen in the mobile payments and Aadhaar-based payments.

01 Mar 2017

HDFC, ICICI and other banks start charging Rs 150 after four free transactions a month

In a bid to discourage cash transactions, from March 1, customers carrying out financial transactions at HDFC, ICICI and certain other bank branches will have to pay a fee if the number of transactions exceed beyond four.

28 Jan 2017

Post-demonetisation, IT unearths one of the largest black money scam

The demonetisation move by the government appears to achieving its true purpose with the Income Tax department unearthing one of the largest black money scam post the note ban.

06 Dec 2016

RBI relaxes norms for online card transactions up to Rs 2,000

In a bid to speed up small value online transactions, the RBI today relaxed norms for additional factor of authentication (AFA) for payments up to Rs 2,000.

21 Jan 2016

Pensioners a/c not to have more than 14 transactions a year

The Reserve Bank Thursday directed banks that a pensioner's account should not exceed more than 14 credit transactions in a calender year for retirement and arrear payments.

15 Dec 2015

PAN must for Rs 50K cash to settle hotel bills, foreign airfare and Rs 2 lakh transaction

Quoting PAN will be mandatory from January 1 for cash payment made to settle hotels bills or for buying foreign travel tickets of Rs 50,000 as the government tightened disclosure norms to check generation of domestic black money.

Digital payment

14 Oct 2015

Digital payments worth Rs 12,599 cr made in April-July: Report

Increasing Internet penetration and financial inclusion initiatives by government have helped digital transactions, including those on mobile wallets, touch Rs 12,599 crore in April-July 2015, a report said Wednesday.

21 May 2015

RBI increases cap on Rupee drawing arrangements 3 times

The Reserve Bank Thursday increased the cap on rupee drawing arrangements in trade-related remittances by three times to Rs 15,00,000 per transaction, with immediate effect.

18 Aug 2014

BSE revises equity transaction charges

Leading stock exchange BSE has decided to revise the transaction charges for trading on the equity segment, beginning September this year.

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