Now You Can Do IMPS Transactions Up To 5 Lakhs

We all know that IMPS(Immediate Payment Service)allows to transfer funds to your dear ones 24*7 Round the Clock. The only drawback with this service (as of now) is it is limited to 2 Lakhs. Noticing this issue RBI(Reserve Bank of India)has instructed all the banks to hike IMPS Limit to 5 Lakhs. By the guidelinesContinue reading “Now You Can Do IMPS Transactions Up To 5 Lakhs”

Big Relief To Debit Card Holders! RBI Extends “Tokenisation” System To July 1st,2022

Upon repeated requests from banks to upgrade their systems for “Tokenisation”, Finally RBI agreed to extend the due course to June30th,2022. This was the 2ndtime to extend this “Tokenisation”system which was earlier proposed to implement from June1st,2021 and later to January1st,2022. But due to technical glitches in the systems upon banks request it was furtherContinue reading “Big Relief To Debit Card Holders! RBI Extends “Tokenisation” System To July 1st,2022″

RBI Has Launched A New Initiative “Integrated Ombudsman Scheme” To Lodge Grievances Online

Till Now, If any bank customer is dissatisfied wiith their respective bank service, they can lodge complaint to Ombudsman for further action. Likewise for NBFC’s(Non-Banking Financial Corporations)and for digital payments grievances there are seperate ombudsman entities till now. But from now-on-wards, the process has been changed! The customer can lodge complaint on any of theContinue reading “RBI Has Launched A New Initiative “Integrated Ombudsman Scheme” To Lodge Grievances Online”