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Digital transactions in October shot up to 965 million transactions, the highest ever so far. (Photo: Pexels)

Digital transactions cross 200 mn milestone on NPCI platform in July

A total of 6.65 crore Indian citizens availed banking services through AePS platform in July, it said.

12 Aug 2019 3:23 PM IST

Reserve Bank of India (RBI)

RBI to allow round-the-clock fund transfers under NEFT from December

RBI had said that it will make available the NEFT system on a 24x7 basis from December 2019.

7 Aug 2019 1:46 PM IST

PM Modi inaugurates first ever optical fibre cable project for Andaman and Nicobar Islands. (PTI Photo)

Digital transactions in India jumped 19 times in last 7 yrs: PM Modi

Earlier today, PM Modi launched two innovative customer-centric initiatives of the Reserve Bank of India

12 Nov 2021 1:13 PM IST

Prime Minister Narendra Modi addresses at the dedication of KK Patel Super Speciality Hospital at Bhuj in Gujarat, through a video conference, in New Delhi. (PTI Photo)

Digital transactions worth Rs 20k cr seen daily in India: PM Modi

Modi said small online payments are helping build a big digital economy and many new fintech start-ups are coming up

24 April 2022 1:55 PM IST

The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.

SBI launches unified payment terminal- MOPAD

MOPAD will help merchants to integrate different kinds of transactions through one PoS machine.

9 Aug 2018 11:27 AM IST

Railway Minister Piyush Goyal.

States to test GST cashback for payments via Rupay, BHIM app

Customers making payments using Rupay card and BHIM UPI, would get a cashback of 20 per cent of the total GST amount.

4 Aug 2018 5:23 PM IST

Prime Minister Narendra Modi adderesses during the launch of India Post Payments Bank (IPPB), in New Delhi. (Photo: PTI)

Postmen to turn bankers with Modi's new payments bank

Modi has sought to end what he has called financial untouchabilityâ€ by giving millions of people access to banking...

2 Sept 2018 12:42 PM IST

Kotak Mahindra Bank on Tuesday said it will offer debit card at a special price of Rs 99 for the first year for customers who will open account under its zero balance account scheme till September 15.

Kotak 811 account offers 6 per cent interest on savings, book from...

The name 811 is inspired by November 8, 2016, the day decision of demonetisation was announced by Prime Minister...

20 Aug 2017 6:16 PM IST

According to sources, the Centre is likely to bring down the tax collected at source limit so as to discourage cash transactions. (Representational Image)

Budget watch: Sops likely for digital economy

Union Budget will have measures to help transition to cashless economy.

23 Jan 2017 4:48 AM IST

UIDAI wants sop for rural traders

UIDAI wants sop for rural traders

UPI saw 3,574 per cent growth; USSD 10,603 per cent.

21 Jan 2017 4:35 AM IST

The need for a mode for digital payments has forced people to open bank accounts, opt for smart cards and even get on to the internet with and take help from digital payment apps to ease out the payment modes.

Only 7 pc rise in transactions through cards post demonetisation

Digital transactions in all modes increased by 23 per cent to 27.5 million from 22.4 million.

16 July 2017 1:27 PM IST

SBI Cards is also in the process of speeding up customer acquisition process by reducing the delivery period so that more and more people are added to the network.

New NEFT, RTGS fees for SBI customers started today

Also, new revised charges for NEFT, RTGS will attract GST rate of 18 per cent.

15 July 2017 5:55 PM IST