General Discussions and Updates about Banking

[honey95]

Indusind is offering 5 credit card variants as lifetime free as independence offer

Must check terms and conditions before applying any credit card. They will add high transactions or after 1 year with add any charge to user.

 

[Esmail]

Must check terms and conditions before applying any credit card. They will add high transactions or after 1 year with add any charge to user.

Whatever change in terms happen they are bound to inform the customer over email. I have credit cards of 10 different banks, most LTF, few paid but with high cashback easily covering the annual fee. Never faced any issues with any of the banks.

 

[Advik]

Recently took 3 credit cards IDFC First Power Plus, Axis Airtel, Tata Neu Infinity.
Now I have total 8 credit cards. Never faced any issue in the past just paid my bill on time always.

 

[Bapun]

The Reserve Bank of India (RBI) has proposed to provide a facility to the remitter to verify the name of the receiver (beneficiary) before initiating a payment transaction in Real Time Gross Settlement (RTGS) and National Electronic Funds Transfer (NEFT).

Payment Systems like UPI and IMPS provide a facility to the remitter to verify the name of the receiver before initiating a payment transaction.

RBI proposes beneficiary name verification for RTGS and NEFT transactions

 

[Bapun]

Maharashtra IT Dept Directs Axis Bank To Pay Rs. 1.76 Crore Due To Online Banking Security Lapses, Rs 50 Lakh As Compensation To Victim

In a significant order (dated January 21), Maharashtra's Department of Information Technology directed Axis Bank to reimburse Rs. 1.76 crore (with 18% interest) to Dhule Vikas Sahakari Bank Ltd for...

www.livelaw.in

 

[Bapun]

A Gurugram man requested his bank's customer care support to help him change his relationship manager. Their response left him stunned. The bank, instead of resolving the issue, asked him to speak to the same relationship manager and get his concerns addressed.

Man Requests HDFC To Change Relationship Manager, Bank Responds

In a LinkedIn post, the man shared his experience of reaching out to HDFC Bank with the request to change his current relationship manager, whom he called "incompetent to the hilt."

www.ndtv.com