UPI transactions: Check all the latest limits that are now imposed on digital payments

UPI transactions: Check all the latest limits that are now imposed on digital payments

The Reserve Bank of India’s (RBI) Governor Shaktikanta Das on Wednesday announced to raise the transaction limits of UPI 123 and UPI Lite, thus expanding the scope of UPI for an increasingly large number of people. While acknowledging that Unified Payments Interface (UPI) has transformed India’s financial landscape by making digital payments more inclusive, the … Read more

RBI may cut rate by at least 25 bps in next 6 months, says Mirae Asset’s Swarup Mohanty

RBI may cut rate by at least 25 bps in next 6 months, says Mirae Asset's Swarup Mohanty

The fund house is betting big on exchange traded funds (ETF) and believes it has the strongest back-end to be the best in this space. In an interview with Mint, Swarup Mohanty, vice chairman & CEO, Mirae Asset Investment Managers (India) discussed upcoming RBI policy, GDP growth, changing risk profile of investors, plans in GIFT … Read more

As RBI keeps rates steady, is this the last chance to lock fixed deposits at high interest rates?

As RBI keeps rates steady, is this the last chance to lock fixed deposits at high interest rates?

This is believed to be either the last or perhaps second last meeting before the interest rates are eventually slashed after a long hiatus. A Reuters poll predicted that the RBI is expected to cut rates in the Sept quarter. Notably, the banking regulator had raised the repo rates by a cumulative of 250 basis points … Read more

Cardless cash deposits via UPI apps: Everything you may want to know

Cardless cash deposits via UPI apps: Everything you may want to know

With the Unified Payments Interface (UPI) having gained massive popularity for an array of transactions, depositors will soon be able to use this phone banking interface service to deposit cash at cash deposit machines (CDMs) at ATMs and bank branches. Although it is a natural progression in the continuum of fintech evolution we are all … Read more