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UPI user Alert! Banking and UPI services of these mobile numbers will stop from 1st April – Details Here

Jyoti — Wed, 19 Mar 2025 04:34:56 +0000

If you have a bank account or you use UPI, then it is very important for you to read this news. Because from next month the bank is going to make an important change.

Actually, from April 1, the bank is closing the accounts of those users linked to UPI apps like Google Pay, PhonePe and Paytm whose mobile number has been inactive for a long time.

Because of this, banks are taking this decision

The National Payments Corporation of India (NPCI) has directed banks and these apps to remove such numbers by March 31. The purpose of this change is to solve the problems caused by inactive or recycled mobile numbers. Inactive or recycled mobile numbers cause problems in transactions.

Let us tell you that if a number is not used for voice calls, SMS or data for 90 days, then it becomes inactive. Such numbers are again given to new users. In such a situation, when these numbers are linked to your bank and other financial services, then it can cause problems.

After April 1, such bank accounts will be deleted every week

Mobile number is necessary for any payment. If there is any problem with your number, the transaction may fail. Many users link multiple numbers to their bank accounts or UPI apps. If any of these numbers remains inactive for months, it will be deleted.

To prevent transaction-related issues, NPCI has mandated that banks and UPI apps update the list of deleted numbers every week. Any inactive or recycled number after April 1 will be removed from the bank’s system immediately. If you want to keep your bank account or UPI ID active, recharge it immediately.

Bank FD rate Cut: Punjab National Bank has reduced interest on FD, know the new interest rates

Jyoti — Sat, 08 Mar 2025 04:45:49 +0000

Punjab National Bank (PNB) has shocked its crores of customers. The bank has reduced the interest on its FD by 0.75 percent. These new rates have come into effect from March 1, 2025.

Punjab National Bank offers FDs with validity ranging from 7 days to 10 years to common citizens. These rates are being given on FDs of more than Rs 3 crore. Let’s see what are the revised interest rates of Punjab National Bank…

Punjab National Bank is giving this much interest on FDs of less than Rs 3 crore

7 days to 14 days: For general public – 5.25 percent
15 days to 29 days: For general public – 5.25 percent
30 days to 45 days: For general public – 5.25 percent
46 days to 60 days: For general public – 6.25 percent
61 days to 90 days: For general public – 6.25 percent
91 days to 179 days: For general public – 6.50 percent
180 days to 270 days: For general public – 6.65 percent
271 days to 299 days: For general public – 6.75 percent
300 days: For general public – 7.00 percent
301 days to 302 days – 6.75 percent
303 days – 7.00 percent
304 days to less than a year – 6.50 percent
1 year: For general public – 6.75 percent
1 year and above Up to 399 days: For general public – 6.80 percent
400 days: For general public – 6.80 percent
401 days to 505 days: For general public – 6.80 percent
506 days – For general public – 6.70 percent
507 days to 2 years: For general public – 6.80 percent
2 years to more than 3 years: For general public – 6.50 percent
More than three years and up to 1203 days – 6.25 percent
1204 days – For general public – 6.35 percent
5 years to 10 years: For general public – 5.60 percent

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Bank New Service: Bank launches Aadhaar-OTP based account opening facility, check all details

Jyoti — Wed, 19 Feb 2025 04:30:42 +0000

New Delhi. With the increasing use of the internet, many tasks have become easier these days. Earlier, we had to go to the bank again and again for most of the banking related work, but now they can be done just through a mobile phone.

With the entry of technology in the banking sector, opening an account has become easy. Many banks in the country are providing you the facility of opening an account from home. In this series, the public sector Indian Overseas Bank has started Aadhaar-OTP based account opening and application programming interface (API) banking facilities on the occasion of its 89th foundation day celebrations. A top official gave this information on Tuesday.

This initiative is designed to provide simplified banking services to both individual and corporate customers. The Chennai-headquartered bank has introduced Aadhaar-OTP based account opening facility, allowing customers to easily open savings accounts through the bank’s website.

You will get rid of paperwork

The bank said, “This digital process follows the Reserve Bank of India’s (RBI) ‘Aadhaar’ OTP-based e-KYC (Know Your Customer) guidelines, ensuring a secure and hassle-free experience. With minimal documentation, customers can open an account quickly and as per regulatory norms, subject to transaction limits.”

API banking facilities launched

Meanwhile, to meet the growing need for automation in corporate banking, Indian Overseas Bank said it has launched API banking services, under which corporate customers will be able to carry out transactions and intra-bank transfers directly from their accounting systems on a ‘real time’ basis.

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New rules from February 1, 2025: New rules will be implemented from 1 February, it will have a direct impact on your pocket

Jyoti — Fri, 31 Jan 2025 08:02:28 +0000

The country’s general budget is going to be presented on February 1. Finance Minister Nirmala Sitharaman will present this budget in Parliament. Along with the budget, many important changes are also going to happen which will have a direct impact on the pocket and expenses of the common man.

There will be changes especially in the rules related to LPG, banking, UPI, car prices and air travel. Let us know which new rules will be implemented from February 1 and how they will affect you.

1. Change in LPG gas cylinder prices

LPG gas cylinder prices are revised on the first of every month. Oil companies release new prices that apply to both domestic and commercial cylinders.

➤ In January, the price of 19 kg commercial cylinder was reduced.
➤ Now it remains to be seen whether the price of domestic cylinder will decrease or increase on February 1.
➤ If the price increases, the burden on your pocket will increase and if it decreases, you will get relief.

2. New rules related to UPI transactions

National Payments Corporation of India (NPCI) has decided to implement new rules related to UPI transactions.

➤ From February 1, 2025, transaction IDs containing special characters will not be accepted.
➤ Now only alpha-numeric (letters and numbers) transaction IDs will be valid.
➤ The transaction will fail if the wrong ID is entered.
➤ This change has been made to make UPI payments secure and systematic.

3. Maruti Suzuki cars will become expensive

The country’s largest car manufacturer Maruti Suzuki has announced an increase in the prices of some of its models.

: Car prices will increase by up to Rs 32,500 from February 1, 2025.
: Models whose prices will increase include:

➤ Alto K10, S-Presso, Celerio, Wagon R, Swift, Dzire, Brezza, Ertiga, Ignis, Baleno, Ciaz, XL6, Francox, Invicto, Jimny and Grand Vitara.
➤ If you are thinking of buying a new car, then you may have to spend more money.

4. There will be changes in banking rules

Kotak Mahindra Bank has announced changes to some of its services and charges which will be effective from February 1, 2025.

➤ The free limit of ATM transactions can be reduced.
➤ The charges for banking services may increase.
➤ Bank customers will have to avail services as per the new fee structure.
➤ If you are a Kotak Bank customer, you may have to pay additional charges.

5. Air travel may become expensive – change in ATF prices

Air Turbine Fuel (ATF) prices are revised on the first of every month.

➤ Air travel can become expensive if the price of ATF or aviation fuel increases.
➤ If oil companies increase prices, then the price of flight tickets can also increase.
➤ This will affect the passengers traveling by air in the country and abroad.

Impact of new changes on common man

➤ LPG prices increased – So gas cylinder will be expensive which may increase kitchen expenses.
➤ New rule in UPI transaction – Those making digital payments will have to ensure that their transaction ID is correct.
➤ Maruti cars expensive – If you are planning to buy a new car, then you will have to spend more money.
➤ Hike in banking charges – Kotak Mahindra Bank customers may have to pay more charges.
➤ ATF price increased – So flight tickets will be expensive which may increase the travel budget.

At the same time, these changes which will come into effect from February 1, 2025 will have a direct impact on the pocket of the common man. Some things may become expensive while the rules of some services may change. In such a situation, if you are associated with gas cylinder, car, banking services or air travel, then you must be aware of these changes. Now it remains to be seen whether the general public will get relief in the budget or inflation will increase!

Bank Holidays Feb 2025: RBI has released the complete list of bank holidays in the month of February, See list here

Jyoti — Sat, 25 Jan 2025 11:29:21 +0000

Bank Holidays in February : There is less than a week left for the month of February 2025 to begin. In such a situation, it is important to know about the holidays coming in this month in advance, especially if you have any banking related work.

RBI has released the complete list of bank holidays falling in February. Banks will remain closed for a total of 14 days this month, in which the services of banks will be affected due to weekly holidays (Saturday and Sunday) and some regional festivals.

Some of these holidays will be national holidays, while in some states banking services will remain closed due to different festivals. Therefore, if you have to settle banking work in the month of February, then it is important to take care of these holidays in advance.

List of Bank Holidays in February 2025

February 2: All banks across the country will remain closed due to Sunday.
February 3: Banks will remain closed in Agartala on the occasion of Saraswati Puja .
February 8: Being the second Saturday of the month, there will be a bank holiday across the country.
February 9: Banks will remain closed across the country due to Sunday.
February 11: Banks will remain closed in Chennai due to Thai Poosam.
February 12: Banks will remain closed in Shimla on the occasion of Guru Ravidas Jayanti.
February 15: Banks will remain closed in Imphal on account of Lui-Ngai-Ni.
February 16: Banks across the country will remain closed due to Sunday.
February 19: Banks will remain closed in Belapur, Mumbai and Nagpur on account of Chhatrapati Shivaji Maharaj Jayanti.
February 20: Banks will remain closed in Aizawl and Itanagar on account of State Day.
February 22: All banks across the country will remain closed as it is the fourth Saturday of the month.
February 23: All banks across the country will remain closed due to Sunday.
February 26: Most banks across the country will remain closed due to Mahashivratri.
February 28: Banks will remain closed on the occasion of Losar in Gangtok.

Before doing any banking related work, get information about these holidays so that you do not face any problem.

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HDFC Bank customers, these services including UPI will remain closed on this day

Pravesh Maurya — Tue, 02 Jul 2024 07:43:46 +0000

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HDFC Bank UPI Update: If you are a customer of private sector HDFC Bank, then there is a big news for you. On July 13, HDFC customers will not be able to use some services including UPI. Actually, HDFC Bank will upgrade the system on July 13, due to which the UPI service of the bank will also be temporarily affected. Also, in the meantime, customers will not be able to check their bank balance.

It’s time for a system upgrade

The purpose of the system upgrade is to improve the performance and capabilities of the bank and to increase reliability. According to the bank, the time for the system upgrade is 3 am on July 13 and it will be completed by 4.30 pm on the same day. During this period, customers will not be able to avail some services. UPI services will be closed at two specific times.

Also Read: Govt issued guidelines for issuing CGHS cards for central government employees and pensioners

These services including UPI will remain closed at this time

According to the information, on July 13, UPI service will not work from 3:00 am to 3:45 pm and from 9:30 am to 12:45 pm. Netbanking and mobile banking services will not be available during the entire upgrade period. Apart from this, all fund transfer modes including IMPS, NEFT, RTGS will also not be available during the upgrade period.

Transactions will continue through debit card and credit card

During the system upgrade period, customers can withdraw cash from any ATM using their HDFC Bank debit card or credit card. At the same time, the bank balance will be shown based on the balance at 7.30 pm on July 12. Apart from this, customers can continue to use their HDFC Bank debit card or credit card on swipe machines at shops. HDFC debit card and credit card can continue to make online purchases, reset PIN or do other card activities.

Advice from the bank

To avoid any kind of disruption, the bank has advised to withdraw sufficient amount and complete all the necessary work like fund transfer etc. before 7:30 pm on 12 July 2024. To reduce the inconvenience, this work will be done by the bank on Saturday, 13 July 2024. Banks will remain closed on this day due to being the second Saturday. For more information and updates, visit HDFC Bank website or contact customer service.

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Cash Withdrawal New Service: You can withdraw cash sitting at home without going to ATM and bank, know this special service

Pravesh Maurya — Wed, 18 Jan 2023 09:29:26 +0000

Banking Service: If you are in need of withdrawing money, but there is no ATM around you and your UPI is also not working, then there is no need to worry, you can get money sitting at home. Anyone can avail benefits under this banking facility. However, for this you have to complete some process.

With the help of the doorstep service of SBI, the country’s largest public sector bank, you can easily withdraw money sitting at home. For this you do not need to know bank and ATM. This service is especially helpful for senior citizens and disabled people. Certain charges are levied on the customers for using this facility, which may vary from account to account. Let us know how you can use this facility.

Three transactions free in a month for these people

State Bank of India (SBI) gives customers the facility of using doorstep service. The bank has made three transactions free for disabled persons in a month. However, if they use this facility more than three times in a month, they will have to pay Rs 75 and GST for financial and non-financial services.

SBI Doorstep Service Registration

To withdraw money and to use this facility, you must first register for SBI Doorstep service. First of all you have to download the Doorstep Banking app. Now enter the mobile number and enter the OTP received on your registered mobile. After this the customer has to enter his name, email, password (PIN) and accept the term-condition. After registration, SMS will be sent from DSB app. Now the customer can log in to the app with the PIN and other details. Here you also enter your address.

How to withdraw money from SBI Doorstep Banking

After logging in to the DSB app, make a request to withdraw money and select SBI.
Now enter the last six digits of the customer account number and submit.
After validation, OTP will be sent to the mobile of the customers.
After this enter OTP in DSB mobile app and submit it. After confirmation your details will open.
Now select the service of withdrawing money from the customer account and enter the transaction amount and enter the transaction mode.
After this the charge will be deducted from the customer’s account. Then enter the request number.
Notification will be sent to the customer through SMS.
The agent will give the money after verifying after reaching the customer’s home.

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Bank issued new rules: Big rules related to banking will change from October 1, will affect everyone, RBI issued order

Pravesh Maurya — Thu, 13 Oct 2022 04:50:12 +0000

Tokenise Credit- Debit Card: From October 1, there is going to be a big change in the rules related to the banking sector. RBI has also issued an order for this. Actually, for credit card and debit card users, RBI is bringing Card-on-File Tokenization (CoF Card Tokenization) rules from October 1. The Reserve Bank of India says that after the change in the tokenization system, cardholders will get more facilities and security.

RBI gave information

According to the information given by RBI, the purpose of these new rules is to make payment through credit and debit cards more secure than before. Actually, for the last few days, many reports of fraud with credit-debit cards were coming to the fore. But after the implementation of the new rule, if customers do transactions online, point of sale (POS) or app with debit or credit card, then all the details will be saved in the encrypted code.

Know what is this tokenization system?

The token system converts all debit and credit card data into ‘tokens’. By which the information of your card is kept hidden in the device. RBI has said that any person can convert the card into token by requesting the token bank. There is no charge to the cardholder for tokenizing the card. If you convert your card into a token, then your card information can be saved in the token on any shopping website or e-commerce website.

In this new rule of RBI, without taking approval from the customer, his credit limit cannot be increased. Not only this, if any payment has not been made then the charges or taxes etc. cannot be capitalized while adding interest. This will not harm the customers, many times such incidents come to the fore when any new steps related to many cards are taken by the banks or by the credit card issuing institution.

Fraud cases will be less

The Reserve Bank says that due to the implementation of the new rule, the cases of fraud will be reduced due to the implementation of the payment system. Actually, due to leaking of credit card or debit card information of customers, the risk of fraud with them increases. The Reserve Bank has said that at present, e-commerce websites, merchant stores and apps etc. store the card details after the customers make payment with debit card and credit card. In many cases, merchants are left with no option but to store the card details before the customers. If these details are leaked, there is a possibility of loss to the customers. But when the new rules are implemented then such incidents will be stopped.

There is a lot in the new provision

The most important thing in the new provisions of RBI is that the information related to the transactions done through the card will not be given to the ‘branding partner’. These provisions may affect the business model of companies operating in the co-branded card segment, as these companies entice customers with various offers based on these transactions. In such a situation, now the customers will not have the fear of falling in any kind of hoax. Also, there will be no risk of financial loss regarding the card.

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Big rules related to banking will change from October 1, will affect everyone, RBI issued order

Pravesh Maurya — Mon, 26 Sep 2022 09:42:38 +0000

RBI gave information

Know what is this tokenization system?

Fraud cases will be less

There is a lot in the new provision

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Big Alert ! Banking and these rules related to you will change from October 1, deal with the necessary work or else there may be loss

Pravesh Maurya — Sat, 24 Sep 2022 09:35:53 +0000

There is now less than a week left for the month of September to end. With this, from October 1 next month, many rules related to the bank will change from day to day. The impact of these changes will be on the life of the common man to the special. Among the rules that are changing next month are news related to debit and credit cards. RBI has also issued a deadline for this. Apart from this, changes will be made in the rules by many other departments as well.

From October 1, the Reserve Bank of India’s card-on-file tokenization (CoF Card Tokenization) rule is going to change. The Reserve Bank of India says that after the change in the tokenization system, the payment experience of cardholders will improve and debit card and credit card transactions will be more secure than before. According to RBI, if the customer transacts online, point of sale (POS) or app through debit or credit card, then all the details will be saved in the encrypted code.

Let us tell you that till now it happens that when we do a transaction with debit or credit card at any POS, online or on the app, then its details are saved in the company’s server. Only when you go to make payment online or on the app again, the company does not ask you for full details. There your account number, card number etc. are already present there. All you have to do is enter the CVV again and the payment is done. This will not happen from October 1 because there will be no data store in the company’s servers. They will get every information related to the card in an encrypted code which cannot be read.

What will happen after the new rules are implemented?

Under the new arrangement, the Reserve Bank has prohibited payment companies from storing the data of customers’ credit cards or debit cards. Payment companies will now have to provide an alternate code in lieu of the card, which is named Token. These tokens will be unique and the same token will work for multiple cards. Once this is implemented, for online payment, instead of using the card directly, a unique token will have to be used.

Such people will not be able to take advantage of Atal Pension Yojana

Atal Pension Yojana is one of the popular pension schemes of the government. Those investing in this scheme get a monthly pension of up to Rs 5000. Now there is going to be a big change in this plan from October 1. Now under new rulesIncome TaxTaxpayers cannot take advantage of this scheme.

This new rule will be effective from October 1, 2022. In such a situation, taxpayers still have a chance to take advantage of Atal Pension Yojana. You can invest in it even if you are a taxpayer till September 30. According to the existing rules, any Indian citizen between the age of 18 years to 40 years can join this pension scheme of the government, irrespective of whether he pays income tax or not.

Demat account will be more secure

If you are a demat account holder and through this you buy or sell shares in the stock market, then this news is very important for you. The National Stock Exchange (NSE) had issued a circular on 14 June. Accordingly, it is very important for demat account holders to enable two-factor authentication by September 30, 2022.

If you do not enable Two-Factor Authentication, you will not be able to login to your Demat account from 1st October 2022. NSE said in this circular that the account holder will have to use biometric authentication as an authentication factor to login to his demat account. Along with this, the other way can be the knowledge factor. This can be a password, PIN or any position factor, which is only known to the user.

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Big rules related to banking will change from October 1, will affect everyone, RBI issued order

Pravesh Maurya — Tue, 20 Sep 2022 10:29:32 +0000

RBI gave information

Know what is this tokenization system?

Fraud cases will be less

There is a lot in the new provision

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Important news! Tomorrow there will be no work in banks in many cities, check the name of your city immediately

Pravesh Maurya — Tue, 30 Aug 2022 11:48:44 +0000

Bank Holidays Tomorrow: On August 31, banks will remain closed in many cities, so if you have to settle any work related to the bank or plan to go to the branch, then you must read this news before that. Tomorrow, due to Ganesh Chaturthi 2022, banks will be closed in many cities, so you should check the status of your city.

Banks will remain closed in 9 cities
According to the website of Reserve Bank of India, on August 31, banks will remain closed in 9 cities (Ganesh Chaturthi Bank Holiday). Let us tell you that RBI issues a list of bank holidays every month, so that customers and employees do not face any kind of problem.

In which cities will banks not work?
According to the Reserve Bank, banks will remain closed in the cities of Mumbai, Hyderabad, Ahmedabad, Chennai, Nagpur, Panaji, Bangalore, Belapur and Bhubaneswar on the occasion of Ganesh Chaturthi, Varsiddhi Vinayak Vrat or Vinayaka Chaturthi. People living in these cities can only take advantage of online banking facilities.

You can take advantage of online facilities,
let us tell you that you can take advantage of all, including online banking, netbanking, because online banking works even on the day the bank is closed, then you can take advantage of it. Apart from this, the service of ATM is also operational.

Check Official Link
For more information about bank holidays, you can also visit the official link of Reserve Bank of India https://rbi.org.in/Scripts/HolidayMatrixDisplay.aspx . Here you will get information about bank holidays of every state every month.

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