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UPI Payment Alert: This Bank Starts Charging on UPI Transactions – Details Inside

Pravesh Maurya — Thu, 31 Jul 2025 08:04:07 +0000

The country’s leading private bank, ICICI (UPI New Rules 1 August) has given a big shock to its customers. Now transaction fees will be charged for making payments through users or payment aggregators (PA).

This new rule is going to be implemented from August 1, i.e. tomorrow. However, this charge will be taken only from the merchant’s account. Merchant here refers to businessmen. Businessmen like shopkeepers, restaurants etc.

Let us first know how much charge will be levied and what are the rules for collecting it?

How much will I have to pay?

If any user has an escrow account with ICICI Bank PA, he will be charged 0.02 per cent per transaction.
The maximum limit of this charge will not exceed Rs 6.
Those who do not have an escrow account in ICICI Bank can be charged 0.04 percent.
In this case, the maximum charge will not exceed Rs 10 per transaction.

When will you not have to pay the charge

If a transaction is transferred directly to the merchant’s ICICI Bank, then in such a case you will not have to pay any charges.

Why is the charge being levied?

The government does not charge (Merchant Discount Rate) from any businessman. It is currently zero. But NPCI charges switch fees from banks. Some banks are charging this fee from payment aggregators.

These rules of UPI will change

Balance Check Limit
Checking bank account in one app
Autopay on time
Limit in checking payment status
Limit on payment reversal

This limit has been imposed on UPI payments so that users can make necessary payments

There should be no problem. Recently, users had to face many problems while making UPI payments. The UPI server used to go down almost every day. NPCI has found this solution to this problem.

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FD interest rates: THESE 6 banks offer up to 7.5 percent on their 1-year fixed deposits

Jyoti — Thu, 20 Feb 2025 11:00:47 +0000

FD Interest Rate: As you all know that the Reserve Bank of India (RBI) has cut the repo rate by 50 basis points. At the same time, this may continue in the coming time as the rate cut was seen as the beginning of the rate cut cycle by the banking regulator.

Following this, a private bank has already cut its savings bank interest rate. Not only this, there are expectations that most private and government banks will soon start cutting their interest rates on FDs. Before the banks do so, it is also considered an opportune time to lock your savings in FDs.

However, experts also advise to avoid locking too much money in FDs as interest income on FDs is taxable and those in the highest tax bracket, i.e. 30 per cent, effectively get less than 5 per cent of their interest income on FDs when the interest offered is 7 per cent.

However, if you are planning to invest a part of your portfolio in FDs for one year, these are the banks and their interest rates.

FD Interest Rates on One Year Deposit

HDFC Bank: The largest private bank offers 6.6 per cent and 7.10 per cent interest to general and senior citizens on one-year FD deposits.

ICICI Bank: This private lender offers 6.7 per cent and 7.20 per cent interest to general and senior citizens on one-year FD deposits.

Kotak Mahindra Bank: This private bank offers slightly higher interest rate of 7.10 per cent to general citizens and 7.6 per cent to senior citizens on 1-year FD deposits.

Federal Bank: It offers 7 per cent and 7.5 per cent interest to general citizens and senior citizens on 1-year FD deposits.

Bank of Baroda: This bank gives 6.85 percent interest to general citizens and 7.35 percent interest to senior citizens on 1 year FD.

Union Bank of India: This government bank gives 6.8 percent interest to general citizens and 7.3 percent interest to senior citizens on one-year FD.

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Private Bank Jobs: Indian banks make 10 year record with 123000 new hiring’s in FY-23

Pravesh Maurya — Mon, 04 Dec 2023 08:23:21 +0000

Private Bank Jobs: 15 private banks including private sector giants HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, IndusInd Bank, IDFC First Bank, Bandhan Bank and AU Bank have hired about 350 new employees every working day of 2023. couple.

Jobs Record News: Indian banks have registered tremendous progress in providing jobs. The pace of providing jobs by banks has been the fastest in the last decade. After the financial year 2012, people have got the maximum number of jobs in the banking sector in 2023. Top officials of the banking sector have expected the trend to continue in the financial year 2024 also. According to the news published in Economic Times, the competition for new appointments may exceed last year’s record. Not only this, this figure can reach its highest level ever.

Highest figure in last 10 years

According to data released by the Reserve Bank, public and private sector banks together employed 123,000 employees in the last financial year. This figure is the highest in the last 10 years. During this period, private banks have made rapid appointments. Recruitment was done especially in customer interface and technology functions. The aim of private banks is to rapidly expand their branch network in Tier 3 and rural areas.

1.24 lakh jobs were given in 2012

The number of employees increased by 61% in 2023 compared to financial year 2022. The effect of this was that the total number of employees increased by 7.4% on an annual basis to 1.76 million (17.6 lakh). The banking sector saw its highest-ever annual job growth with 125,000 new hires in fiscal year 2011. After this, in the financial year 2012, 124,000 people were given jobs by the banks.

Added 350 new employees every day

According to the report of ET, 15 private banks including private sector giants HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, IndusInd Bank, IDFC First Bank, Bandhan Bank and AU Bank have hired about 350 new employees every working day of 2023. Added to. If the figures of replacement hiring are also added to this, then the number of employees getting jobs every working day becomes 600. Based on this, the number of employees in the coming year may cross the record 2011 figure.

Banks looking to take advantage of rural growth

HDFC Bank Chief Economist Abhik Barua said that the demand for employees in banks has increased due to increase in retail loans, housing demand and boom in the economy. Rajkamal Vempati, HR Head of Axis Bank, says that every bank wants to take advantage of the growth in rural areas. Banks are rapidly reaching semi-urban and rural areas. Amidst the increasing opportunities for jobs in banks, banks are also facing the difficulty of retaining old employees.

Reason for increase in jobs in banks

Rapid increase in retail loans, housing demand and growth in the economy are also creating huge demand for manpower in banks. The number of employees in the year 2023 has increased by 61 percent as compared to the financial year 2022. This figure is expected to increase from the current 1.23 lakh in the coming year. Before the year 2023, 1.25 lakh employees were appointed in 2011 and 1.24 lakh in 2012.

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Bank Job: Employees leaving jobs in private banks, what is the reason for leaving the job?

Pravesh Maurya — Wed, 01 Nov 2023 11:04:05 +0000

Banking System: Banking sector in India is quite big. At the same time, the number of people working in this sector is also very high.

Meanwhile, it is also being seen that people are leaving jobs in private banks. Regarding this, the RBI Governor has said that he is keeping an eye on this issue. In fact, it has been seen for quite some time that employees are leaving jobs in private banks.

Employees quitting their jobs

Reserve Bank of India (RBI) Governor Shaktikanta Das said that the attrition rate of employees in some private sector banks is very high and the central bank is keeping a close watch on this issue. Das said at Business Standard’s annual event ‘BFSI Insight Summit’ that the Reserve Bank is keeping an eye on this issue under regulatory surveillance.

Attrition rate

Some major banks have informed that the attrition rate has exceeded 30 percent. Commenting on this figure, Das said that each bank will have to form a core team to deal with such issues. He also said that the attitude of the youth regarding changing jobs is changing and the youth are now thinking differently on this aspect.

Strong pace of growth in the economy

The RBI chief said that the growth momentum in the Indian economy remains strong and the second quarter GDP figures will surprise everyone. Along with this, he said that geopolitical uncertainty is the biggest risk to global growth, but India is in a better position to deal with possible risks.

This could be the reason

In fact, in the present era, youth are switching jobs quickly. Due to this, along with salary hike, they also get the offer of good designation. Its effect is now being seen in the banking sector also. Due to which employees are leaving jobs in private banks.

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Yes Bank New FD Rates: Bank has implemented these new FD interest rates from today – check latest rates

Pravesh Maurya — Mon, 03 Jul 2023 10:28:59 +0000

Yes Bank New FD Rates: A major private bank of the country has changed the interest rates of its fixed deposits. This bank is Yes Bank and the changed rates of its FD have come into effect from today i.e. 3rd July.

Yes Bank has changed these rates for FDs below Rs 2 crore. After this amendment, Yes Bank is offering interest rates ranging from 3.25 per cent to 7.75 per cent on FDs ranging from 7 days to 10 years, which is for the general public. These changes have also been updated on the official website of Yes Bank.

Know the new Fixed Deposit rates of Yes Bank

The bank is offering 3.25 per cent interest on domestic term deposits of 7 to 14 days and 3.70 per cent interest rate on FDs of 15 days to 45 days. 4.10 percent interest will be given on FDs of 46 days to 90 days, 4.75 percent interest will be given on FDs of 91 days to 180 days. Yes Bank is offering an interest rate of 5 percent on FDs of 121 days to 180 days.

Interest rate increased on FD of this period as well

Yes Bank has increased interest rates by 10 basis points on fixed deposits from 181 days to 271 days. At the same time, the interest rate has also been increased by 10 basis points on FDs of 272 days to 1 year. Fixed deposits of 181 days to 271 days will get 6.10 percent interest from now on, while 6.35 percent interest will be available on FDs of 272 days to 1 year.

Up to 7.50 percent interest will be available on these FDs

The bank is offering 7.50 per cent interest on FDs of 1 year to 18 months, while 7.75 per cent interest is being given by Yes Bank on FDs of 18 months to 36 months. On the other hand, the term deposits maturing in 36 months and 120 months are paying 7% interest.

New FD rates applicable for senior citizens from today

Senior citizens will be given an additional interest of 0.50 per cent as compared to normal FD holders. Under this, interest ranging from 3.75 percent to 8.25 percent will be available for senior citizens on fixed deposits ranging from 7 days to 10 years.

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HDFC Bank is giving bumper interest on special FD, strong returns on investment of 55 months

Pravesh Maurya — Mon, 12 Jun 2023 14:29:54 +0000

HDFC Bank, the country’s largest private bank, has recently launched two special fixed deposit schemes for a limited time. The bank has launched two FD plans for a period of 35 months and 55 months, in which investment has started from May 29, 2023.

The bank is paying more than seven percent interest on fixed deposits of both these periods. Along with this, senior citizens will get an additional interest of 0.50 percent on the investment. However, this FD scheme is open for investment for a limited period of time.

Interest rate on Special FD

According to the bank, those investing in the Special Fixed Deposit Scheme with a tenure of 35 months or 2 years 11 months will get interest at the rate of 7.20 per cent. At the same time, the bank is offering interest at the rate of 7.25 percent on special FDs with a period of 55 months or 4 years and 7 months. HDFC Bank is offering interest ranging from three per cent to 7.25 per cent on its other term fixed deposits. The bank is offering a maximum interest rate of 7.25 per cent on fixed deposits with a tenure of 4 years, 7 months to 10 years.

FD interest calculation

According to the bank’s website, the current interest rates are applicable from May 29, 2023, on deposits of less than Rs 2 crore. Some time ago HDFC Bank has changed the interest rates of FDs of less than one year and 15 months and made it 6.6 percent. Usually, HDFC Bank gives between 3% and 7.10% on fixed deposits above Rs 2 crore for regular citizens.

HDFC Bank calculates interest based on the actual number of days in a year. If the deposit is in a leap and a non-leap year, interest is calculated based on the number of days. That is, there are 366 days in a leap year and 365 days in a non-leap year.

Fixed repo rate

In the last financial year, the Reserve Bank had increased the repo rate continuously. After this, banks also increased the interest rates to make their FD schemes attractive. In the current financial year, the Reserve Bank has not yet increased the repo rate in any way. Repo rate is the rate at which the Reserve Bank lends to other banks.

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Digital FD Interest Rate: This bank started digital FD, know 5 special benefits

Pravesh Maurya — Tue, 18 Apr 2023 09:29:28 +0000

Branch and Business Banking Head of RBL Bank, Deepak Gadhyan said that the bank has started its digital fixed deposit for new customers.

It is a part of our new era banking solutions that integrate traditional and digital channels. RBL Bank, one of the renowned private banks in the country, has announced the launch of Digital Fixed Deposit for its customers. Customers can book digital FDs within minutes without visiting the branch or opening a savings account with the bank.

Branch and Business Banking Head of RBL Bank, Deepak Gadhyan said that the bank has started its digital fixed deposit for new customers. It is a part of our new era banking solutions that integrate traditional and digital channels. Online Fixed Deposit is a secure and reliable investment route, which helps the customer to generate better returns and save over time.

Benefits of RBL Online Digital FD

Online FDs come with several additional benefits, such as embedded insurance cover, easy savings account open process, tracking and managing FDs digitally, etc.
FD holders can opt for insurance cover under the Hospital Daily Cash Benefit Policy which provides daily cash benefit for hospital expenses.
Customers can download the RBL Bank MoBank app to view their FD receipts online.
Digital FDs are enabled through an online KYC process, making it easy and hassle-free for customers to open FDs within minutes.
In three easy steps (i) providing Aadhaar linked mobile number and PAN details, (ii) completing KYC status using video KYC, and (iii) funding the FD using online payment methods.

How much will be earned

With an interest rate of up to 7.8 per cent for a tenure of 15 months to 725 days, RBL Bank’s Digital FD is offering investors an interesting investment option.

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Good news for those investing in FD, this private bank has increased the interest rates

Pravesh Maurya — Tue, 29 Nov 2022 14:00:19 +0000

IndusInd Bank, the country’s largest private sector bank, has changed the interest rates of fixed deposits i.e. FDs of less than Rs 2 crore . According to the official website of the bank, the new rates will be applicable from 29 November 2022.

The bank is now offering an interest rate of 3.50 per cent to 6.50 per cent on fixed deposits with maturity of 7 days to 61 months and above. Interest rates on FD for senior citizens range from 4.00 percent to 7.00 percent. Now the maximum interest rate in IndusInd Bank is on FDs of 2 years to 2 years 1 month. At the same time, the highest interest rate for senior citizens is 7.25 per cent for the same period.

Know new interest rates

The bank now has an interest rate of 3.50 percent on FDs ranging from 7 days to 30 days. Whereas, IndusInd Bank is getting interest at the rate of 4.00 percent on fixed deposits of 31 days to 45 days. On the other hand, interest will be given at the rate of 4.25 percent on FDs with a period of 46 days to 60 days. There is an interest rate of 4.50 per cent on FDs with a tenure of 61 to 120 days. Whereas, interest is being received at the rate of 4.75 per cent on FDs with maturity of 121 days and 181 days.

At the same time, 5.50 percent interest rate is now available on FDs ranging from 181 days to 269 days. At the same time, interest is being received at the rate of 5.75 percent on fixed deposits ranging from 270 days to 354 days. IndusInd Bank currently has 6.00 percent interest rate on FDs ranging from 355 days to 364 days.

Tax saving FD will also get more benefits

There is an interest rate of 6.75 per cent on FDs with a tenure of one year to less than 1 year and 6 months. Whereas, interest is being received at the rate of 7.25 percent on fixed deposits ranging from 2 years to 2 years and 1 month. On the other hand, there is an interest rate of 7.00 percent on FDs ranging from 2 years 1 month to three years. Fixed deposits maturing in less than 3 years to 61 months will get interest at the rate of 6.75 per cent. At the same time, 6.50 percent interest rate is available in FDs of 61 months or more.

On the other hand, the bank is paying interest at the rate of 6.75 per cent on Indus Tax Saver Scheme ie 5-year tax saving FD. Whereas, senior citizens will get 7.25 percent interest on this FD.

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FD Interest Rate: Big news ! This private bank has changed the interest rates of FD, giving 7.50% interest on 350 days FD

Pravesh Maurya — Sat, 12 Nov 2022 09:28:04 +0000

FD Interest Rate: There is good news for those who have fixed deposits. The South Indian Bank of the private sector has changed the FD interest rates. Private Bank is offering 7% interest to common citizens and 7.50% to senior citizens on FDs maturing in 350 days . The new rates have become effective from 9 November 2022.

Fixed Deposit Interest Rate (FD Interest Rate)

South Indian Bank is offering FD of maturity period from 7 days to 10 years. The bank is now offering interest ranging from 2.65% to 6.00% for general public and 3.15% to 6.50% for senior citizens.

South Indian Bank is giving 2.65% interest to the common citizen on FDs of 7 days to 30 days, while 3.25% interest is being given on Fixed Deposits of 31 days to 90 days. The bank will pay 4.25% interest on FDs of 91 days to 99 days, 5.50% on FDs of 100 days, 4.25% on FDs of 101 days to 180 days, 4.60% on FDs of 181 days and less than 350 days.

The bank is offering 350 days fixed deposit at 7% interest to the common citizens. FDs of 351 days and less than 1 year 4.60%, Fixed deposits of less than 1 year and 30 months 6.40%, Bank is giving 7% interest on FDs maturing in 30 months.

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Fixed Deposit: Now this private bank has increased the interest rates on FD, will get returns of up to 7.25 percent

Pravesh Maurya — Sat, 01 Oct 2022 10:10:57 +0000

RBL Bank has changed the interest rates on FDs with deposits of less than Rs 2 crore. Now the bank will give a maximum interest of 7.25 percent to the customers of FD. At the same time, senior citizens will get an additional 0.50 percent interest. The new interest rates have come into effect from 1 October i.e. today.

It is worth noting that RBL has taken this step after the RBI increased the repo rate by 0.50 percent. Earlier, ICICI Bank had also launched a limited period FD after the announcement of RBI. It is expected that similar announcements will be heard from many banks in the coming days.

Interest rates on FDs of RBL Bank RBL Bank is now giving interest ranging from 3.25 percent to 6.55 percent on FDs of 7 days to 5 years. Bank customers will get 3.25 percent on 7-14 days FD, 3.75 percent on 15 to 45 days FD, 4 percent on 46-90 days FD, 4.50 percent on 91 to 180 days FD, 181 days to 240 days FD But 5 percent and FD of 241 days to 364 days will get 5.25 percent interest. After this, 6.50 percent interest will be available on FDs of 365 days to 452 days and 7 percent on FDs of 15 months and 15 months from 1 day to less than 725 days. The bank is giving the highest interest of 7.25 percent on 725 days FD.

Other interest rates are 7 per cent on FDs of 726 days to less than 24 months, 6.75 per cent on FDs of 24 months to less than 36 months, 6.55 per cent on FDs of 36 months to 60 months 1 day and 60 months to 2 days With this, customers will get 5.75 percent interest on FD of 240 days.

Additional interest to senior citizens The bank is giving an additional 0.50 percent interest on every tenor to senior citizens. On 725 days FD, the bank will give an interest of 7.75 percent to senior citizens. Apart from this, the bank will give an additional interest of 0.75 percent to very senior citizens (above 80 years).

RBI increased the interest rate for the fourth time The RBI has increased the repo rate four times since May and has reached 5.90 percent. After the meeting of the Monetary Policy Committee on 30 September, the RBI announced an increase of 50 basis points in policy rates. After this, banks are expected to increase loan and FDI interest rates.

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Axis Bank again increased the interest rate on Fixed Deposit, check the new list of benefits

Pravesh Maurya — Sat, 10 Sep 2022 07:58:41 +0000

Axis Bank FD Interest Rate Hike: The bank has said in an official announcement that an increase of 25 basis points has been made on FDs with maturity periods ranging from seven days to six months.

Private bank Axis Bank once again increased the interest rates on fixed deposits on Friday, September 9, 2022. Under the new hike, the interest rate on domestic FDs within 2 crores is increasing. This is the second hike by the bank in a week. The bank has said in an official announcement that there has been an increase of 25 basis points on FDs with maturity period from seven days to six months.

These new rates have come into effect from September 9. All these interest rates will be applicable on Regular Deposit and Senior Deposit equally.

what are the new rates

The bank is giving interest from 2.75 percent on fixed deposits with maturity period of seven to 29 days.
The bank is giving 3.25 percent interest on FDs with maturity period of 30 days to three months.
3.75 percent interest is available on FDs with maturity from three months to six months.

The interest rates of the bank on the maturity above this are as follows-

4.65 per cent at 6-7 months and 4.40 per cent at 7-8 months. 4.9 per cent for the first term for senior citizens and 4.46 per cent for the second term.
4.65 percent for regular customers and 4.9 percent for senior citizens for 8-9 months.
4.75 percent for regular customers and 5 percent for senior citizens for 9 months to 1 year.
5.45 percent for regular customers and 6.20 percent for senior citizens on FDs with maturity of 1 year to 1 year 11 days.
5.75 percent for regular customers and 6.50 percent for senior citizens on FDs with maturity period of 1 year 11 days to 1 year 25 days.
Between 1 year to 2 years, 6.35 percent to regular customers and 5.60 percent to senior citizens.
Between 2 to 5 years, the bank is giving 5.70 percent to regular customers and 6.45 percent to senior citizens.
On FDs with maturity period of 5 to 10 years, the bank is giving 5.75% interest to regular customers and 6.50% to senior citizens.

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Bank FD Rate Increased: This private bank increased the interest rates on FD, check the new rates

Pravesh Maurya — Thu, 08 Sep 2022 03:49:07 +0000

Axis Bank has changed its FD interest rates. This change has been made for FDs with deposits of less than Rs 2 crore. The new interest rates will be applicable from 7 September. The bank is giving interest ranging from 2.50 percent to 5.75 percent on FDs ranging from 7 days to 10 years.

Significantly, after the increase in the repo rate, many banks and financial institutions have increased the interest rates on FDs significantly. This includes from PNB to ICICI Bank. Recently Canara Bank also increased the interest rates of its FD.

See Axis Bank’s new interest rates

Bank offers 2.50% interest rate on FDs maturing in 7 days to 29 days and the bank is offering 3% interest rate on FDs maturing in 30 days to 3 months . Depositors will now get an interest rate of 3.50% on FDs maturing in 3 months to 6 months and 4.65% on FDs maturing in 6 months to 7 months.

Axis Bank is offering an interest rate of 4.40% on FDs maturing in 7 months to 8 months. Deposits maturing in 8 months to 9 months will continue to get an interest rate of 4.65% and deposits maturing in 9 months to 1 year will continue to get an interest rate of 4.75%.

Other Interest Rates

Axis Bank will continue to offer 5.45% interest rate on FDs maturing in 1 year to 1 year 11 days and the bank will continue to offer 5.75% interest rate on FDs maturing in 1 year 11 days to 1 year 25 . FDs maturing in 1 year 25 days to 2 years will continue to offer an interest rate of 5.60%. At the same time, FDs maturing in 2 years to 5 years will now get an interest rate of 5.70%. Axis Bank will now pay an interest of 5.75% on FDs maturing in 5 years to 10 years. Significantly, the bank is giving additional interest to senior citizens. The bank has said that senior citizens will get interest ranging from 2.50 percent to 6.50 percent.

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