Daily Headlinez Top News Updates
Customers planning to visit bank branches in March 2026 should check holiday schedules beforehand to avoid any inconvenience. Banks in India observe a mix of national and state-specific holidays, so closure dates may vary depending on the region. Several banks will be closed this month for festivals and state observances. In addition, branches will remain…
Budget 2026 should introduce a gold-linked credit line via UPI, enabled for NBFCs. (AI image) By George Alexander MuthootUnion Budget 2026 comes at a critical juncture for India’s growth journey. With political stability, resilient macro fundamentals and strong domestic demand, the government has an opportunity to deepen financial inclusion while accelerating credit-led growth. For the…
NEW DELHI: India and New Zealand have committed to collaborate on developing domestic payments interoperability and supporting real-time cross-border remittances and merchant payments through the integrated Fast Payment Systems (FPS) as part of the trade pact agreed between the two countries.This move strengthens India’s digital payments ecosystem and fintech sector, enhances remittance flows from the…
Cash continues to hold a strong grip on India’s payment landscape, accounting for nearly half of all transactions, even as digital payments surge across the country.A report by Care Edge Ratings found that cash usage in private final consumption expenditure (PFCE) remained at around 50% in Q1FY26. It said that even though digital payments have…
MUMBAI: Indians use cash and UPI when shopping for daily needs and essentials online but prefer credit cards when it comes to high-value purchases-say for buying products such as smartphones or furniture, a joint report published by Kearney and Amazon Pay on Tuesday showed. Not to say that UPI is not used at all while…
The verification process will utilise biometric information through Aadhar identification system. (AI image) Facial recognition and fingerprint authentication – these are the two new features that may be launched for payments made through the Unified Payments Interface (UPI), according to a Reuters report.The National Payments Corporation of India, UPI’s operator, intends to display this biometric…
Starting November 15, 2025, the toll collection system on highways will see a major overhaul as the Ministry of Road Transport and Highways is set to implement a revised fee structure across all National Highways. The update aims to boost the use of digital payments, reduce congestion at toll plazas, and promote transparency in toll…
NEW DELHI: Starting Nov 15, if you don’t have a FASTag for your vehicle, or if the tag is invalid or non-functional, you will be allowed to pay 1.25 times the regular toll using UPI. This comes as a major relief, as currently, those without a valid FASTag are required to pay double the toll…
NEW DELHI: As cheque bounce cases continue to clog courts, constituting up to 50% of pendency in some states, SC has issued fresh guidelines for their speedy disposal, including service of summons via WhatsApp and email, and use of QR codes or UPI links for settlement.Expressing concern over the staggering pendency, a bench of Justices…
The National Payments Corporation of India (NPCI) has raised transaction limits on the Unified Payments Interface (UPI) for select categories, making high-value digital payments easier, with the changes coming into effect on September 15.According to NPCI, the per-transaction limit for entities under categories aligned to tax payments has been increased to Rs 5 lakh. The…
