Reserve Bank of India (RBI) has cancelled the banking licence of Paytm Payments Bank, effective April 24, 2026. This means the bank can no longer carry out any banking activities. The decision comes after repeated regulatory concerns and non-compliance with rules. With this move, Paytm Payments Bank’s operations under the payments bank model have come … Read more
Bank of Baroda has introduced a new premium savings account called BoB Senior Citizen Special Samman. This account is specially designed to make banking easier, safer, and more comfortable for senior citizens. The biggest highlight is convenience. Elderly customers will not need to visit bank branches again and again. Most services can be accessed from … Read more
The Reserve Bank of India (RBI) is planning stricter rules for digital wallets. These changes mainly target prepaid payment instruments (PPIs), often used for mobile wallets and prepaid cards. The goal is simple—make digital payments safer, more reliable, and better regulated as usage continues to grow. Stricter Rules for Wallet Companies The RBI wants non-bank … Read more
The Reserve Bank of India has introduced new guidelines to make recurring digital payments safer. These rules fall under the “Digital Payments – E-mandate Framework, 2026” and apply to all platforms like cards, UPI, and prepaid wallets. The main focus is simple: improve security while keeping payments smooth for users. What Is Changing for Users? … Read more
The Reserve Bank of India (RBI) has introduced new rules to make digital payments safer and more transparent. These guidelines, known as the Digital Payment E-Mandate Framework 2026, are now in effect. The focus is on improving security for recurring payments by making Additional Factor Authentication (AFA), like OTP, more important. What is an E-Mandate? … Read more
The Reserve Bank of India (RBI) has introduced new rules to make recurring digital payments safer. Under the updated e-mandate framework for 2026, an extra layer of security—called Additional Factor of Authentication (AFA)—will now be required for auto-debit transactions. The goal is simple: give users more control and reduce the risk of unauthorized deductions. You’ll … Read more
The Reserve Bank of India (RBI) has relaxed some of its recent restrictions on forex trading. It has partially rolled back curbs on offshore non-deliverable forward (NDF) trades—giving banks more flexibility to offer certain derivative contracts again. This move is aimed at making it easier for businesses to manage currency risks. What Has Changed? Earlier, … Read more
Even in today’s digital payment era, cheques are still widely used in India. Many people depend on them for property deals, business transactions, and high-value payments. However, cheque fraud cases have increased in recent years. Fraudsters often change the amount, alter names, or forge signatures to steal money from bank accounts. To tackle this growing … Read more
The Reserve Bank of India has announced an important update for investors holding Sovereign Gold Bonds (SGBs). If you invested in the 2020-21 Series-VII bonds, you now have a chance to exit early—and the returns are turning heads. Big Returns on Early Redemption Investors can opt for premature redemption on April 20, 2026. The redemption … Read more
India has taken another big step in digital payments with a new and unique innovation. Credit management platform CheQ, along with AU Small Finance Bank, has launched India’s first LED-powered co-branded credit card. This card stands out not just for its premium design, but also for the advanced technology built into it. It marks a … Read more
The Reserve Bank of India (RBI) has introduced new rules to regulate the rapid expansion of Non-Banking Financial Companies (NBFCs) and Housing Finance Companies (HFCs). The aim is to make the financial sector more stable, transparent, and secure for customers. These guidelines, which came into effect on Wednesday, ensure that companies cannot open new branches … Read more