Transaction Limit for Contactless Card Payments Increased by RBI

Contactless Card Payments Increased by RBI

Transaction Limit for Contactless Card Payments Increased by RBI Go cash-free! RBI has increased the transaction limit for contactless card payment. If you have been making card payments for a while, you know how easy and quick contactless card payments can be. Until now, the limit set for these transactions was Rs. 2,000. Reserve Bank … Read more

Why are Private Sector Banks in India Failing?

Private Sector Banks in India

Why are Private Sector Banks in India Failing? The economic slowdown post-COVID-19 may not be the only reason why private sector banks in India are failing. In 2020, you may have seen popular private banks such as YES Bank and Lakshmi Vilas Bank come into the limelight for the wrong reasons. While RBI has been … Read more

FASTags Mandatory from 2021. Here’s What You Need To Know

FASTags Mandatory from 2021

Mandatory FASTags? Here’s What You Need To Know New rule implemented by the Union Ministry of Road Transport and Highways. FASTags mandatory on four-wheelers from 1st January, 2021. FASTag is an electronic toll payment system that uses Radio Frequency Identification (RFID) to collect toll charges from users. Essentially it is a reloadable tag affixed on … Read more