You can activate your newly received State Bank of India (SBI) ATM card online through internet banking. SBI has enabled its internet banking customers to activate their new ATM cards online through its official website. To activate a new SBI ATM card online through the bank’s internet banking portal -onlineSBI.com, the customer is required to […]

Using your credit and debit cards is about to get a bit safer. On January 15, 2020, the Reserve Bank of India (RBI) issued a notification asking all the banks to enhance the security features of debit and credit card transactions. New security features added Effective March 16, 2020, banks need to have features that

The Reserve Bank of India (RBI) bought 7.5 tonnes of gold in October 2019 for adding to its foreign exchange reserves, which swelled to $461 billion, including $28 billion gold. However, addition in the form of gold took place after five months (the last was in April), the World Gold Council (WGC) said. The RBI

Your credit and debit card soon would be more secure. The banking regulator has tightened card security by introducing new measures. The directions that Reserve Bank of India (RBI) has given to banks could also mean that some transactions on your credit and debit card may not be possible unless you ask banks to enable

To improve user convenience and increase the security of card transactions,the Reserve Bank of India (RBI) has asked all banks to give card users, credit and debit, the facility to enable/disable their cards for different types of use. These include online, physical, contact-less domestically or internationally. Over the years, the volume and value of transactions

Bank unions have called for a two-day nationwide strike starting January 31 after talks with the Indian Banks’ Association (IBA) over wage revision failed to bear results. The United Forum of Bank Unions (UFBU), which represents nine trade unions, said they will also hold a three-day strike from March 11-13. The unions have threatened intense

The Reserve Bank of India (RBI) issued a notice restricting the operations of Sri Gururaghavendra Sahakara Bank Niyamitha (SGRSBN) bank and has put curbs on cash withdrawals for the account holders of the bank. The maximum cash withdrawal limit for SGRSBN Bank now stands at Rs 35,000. In its notice issued under the provisions of

For India’s population of over 1.3 billion, cash still remains the favoured and for many the only means of payment, particularly in semi-urban and rural areas. While debit card issuance increased rapidly in the last few years, the number of ATMs has not increased commensurately, creating a challenging situation for banks and inconveniencing customers. India