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Articles for Kyc, search results for payment

Hyderabad: Fraudsters Target BSNL Users With Fake SIM Suspension Messages
4 months, 4 weeks ago

Hyderabad: Fraudsters Target BSNL Users With Fake SIM Suspension Messages

Deccan Chronicle  

Hyderabad: The subscribers of BSNL’s mobile services are being targeted by fraudsters by sending fake messages about an imminent suspension of their SIM cards for the want of KYC verification. In a purported notice from BSNL, the fraudster’s message reads: “Your BSNL Sim KYC has been suspended by Telecom Regulatory Authority of India. The notice also gives out the contact …

Sim Message Bsnl Kyc
FASTag new rules effective August 1: KYC updates, vehicle detail linking. All you need to know
5 months, 1 week ago

FASTag new rules effective August 1: KYC updates, vehicle detail linking. All you need to know

Live Mint  

FASTag New Rules: The updated FASTag rules will take effect on August 1, focusing on improving toll payment processes and easing congestion at toll booths. The National Payments Corporation of India has issued new guidelines, with a key update being the mandatory FASTag KYC requirements. New FASTag rules effective August 1 Replacement of 5-Year-Old FASTags: FASTags older than 5 years …

Kyc Fastag Updates Vehicle
RBI Imposes Penalties on Ola Financial Services, Manappuram Finance, Visa Worldwide for KYC Norm Violations And Unauthorized Payment Methods
5 months, 1 week ago

RBI Imposes Penalties on Ola Financial Services, Manappuram Finance, Visa Worldwide for KYC Norm Violations And Unauthorized Payment Methods

Live Law  

The Reserve Bank of India has imposed penalties on Ola Financial Services Pvt. Further, Ola Financial Services reported a shortfall in its escrow account balance and filed an application for compounding this violation. Similar to Ola Financial Services, Manappuram's failure to adhere to these crucial regulatory directions prompted the RBI to take action. The "Card Not Present transactions – Relaxation …

Financial Payment Ola Rbi Transactions Kyc Authentication
PM Kisan 17th installment: Steps to check beneficiary status online, complete KYC formalities
6 months, 3 weeks ago

PM Kisan 17th installment: Steps to check beneficiary status online, complete KYC formalities

India TV News  

The Pradhan Mantri Kisan Samman Nidhi Yojana, launched by the NDA government in 2018, aims to support landholding farmer families by providing financial assistance for agricultural and allied activities. Prime Minister Narendra Modi announced the release of the 17th installment, amounting to around Rs 20,000 crore, which will benefit 9.3 crore farmers. How to check PM Kisan beneficiary status online: …

Status Kyc Kisan Pm Kisan Beneficiary Status Beneficiary
RBI issues draft guidelines on payment aggregators | Check details
8 months, 3 weeks ago

RBI issues draft guidelines on payment aggregators | Check details

India TV News  

Aiming to boost the payment ecosystem, The Reserve Bank of India on Tuesday issued draft guidelines to further strengthen regulations on payment aggregators. "Given the growth in digital transactions and the significant role that PAs play in this space, the current directions on PAs are proposed to be updated and cover, inter alia, KYC and due diligence of merchants, operations …

Rbi Draft Kyc Pas Due Diligence Payment Aggregators Payment Transactions
Paytm discontinues inter-company agreements with Paytm Payments Bank
10 months, 1 week ago

Paytm discontinues inter-company agreements with Paytm Payments Bank

Live Mint  

Fintech major Paytm on March 1 said it has mutually agreed to discontinue various inter-company agreements with its payments bank unit Paytm Payments Bank to “reduce dependencies”, Reuters reported. The goal is to enhance the governance of Paytm Payments Bank, making it more independent of its shareholders. The Paytm Payment Bank Crisis Paytm's fintech arm, PPBL has been hit with …

Rbi Accounts Paytm Kyc Paytm Payments Bank Bank Ppbl
FASTag: Complete your KYC update by February 29 to avoid deactivation, here's how to do it
10 months, 2 weeks ago

FASTag: Complete your KYC update by February 29 to avoid deactivation, here's how to do it

India TV News  

As the deadline set by the National Highways Authority of India looms, FASTag users are reminded to update their Know Your Customer details by February 29, 2024, to prevent potential deactivation or blacklisting of their accounts. Significance of timely KYC updates NHAI underscored the importance of prompt KYC updates to ensure seamless toll payment experiences on national highways, emphasising the …

Update Kyc Fastag Toll Payment
Why is RBI so cranky about fintech firms after Paytm crisis?
10 months, 2 weeks ago

Why is RBI so cranky about fintech firms after Paytm crisis?

Hindustan Times  

First, Paytm was asked to freeze its banking business, a crackdown so severe that India’s pioneering digital payments firm bled out nearly 60% of its market value in two weeks. While freezing fresh credits into Paytm Payments Bank accounts for “persistent non-compliances and continued material supervisory concerns,” RBI mandated that the bank terminate the nodal accounts of One 97 Communications …

India Banking Payments Fintech Rbi System Bank Accounts
After Paytm, more payments banks under RBI scanner for money laundering: Report
10 months, 3 weeks ago

After Paytm, more payments banks under RBI scanner for money laundering: Report

Hindustan Times  

After the Reserve Bank of India cracked down on Paytm Payments Bank last month, more banks are under the scanner for compliance with regulatory norms to curb money laundering, said The Economic Times reported. RBI headquarters in Mumbai The Financial Intelligence Unit has detected around 50,000 bank accounts without proper know-your-customer documents, triggering suspicion of money laundering, ET reported While …

Money Laundering Payments Money Bank Report Rbi Pan
RBI Proceedings Against Paytm Payment Bank: Regulatory Compliances
10 months, 4 weeks ago

RBI Proceedings Against Paytm Payment Bank: Regulatory Compliances

Live Law  

The recent action of the Reserve Bank of India against Paytm's subsidiary, the Paytm Payment Bank has sent ripples across the fintech industry. This action of the RBI comes in light of multiple repeated violations by the Paytm Payment Bank of various compliances, regulations, and directions that are in place to regulate the functioning of payment banks. It is pertinent …

India Financial Banking Central Rbi Reserve Paytm
Scam Alert! How scammers tricked 81 UPI users in Mumbai and stole over Rs 1 crore in KYC scam
1 year, 9 months ago

Scam Alert! How scammers tricked 81 UPI users in Mumbai and stole over Rs 1 crore in KYC scam

Firstpost  

UPDATE: The National Payments Corporation of India shared an official statement which has been added to the end of the article. That hasn’t prevented scam artists from coming up with novel methods to defraud people using popular mobile payment applications. However, if the user returns the money using one of these UPI applications, the scammer will gain access to all …

Scam Payment Users Upi Kyc Kyc Scam
PAN card to be used for common identifier for digital systems of specified govt agencies, FM in Budget 2023
1 year, 11 months ago

PAN card to be used for common identifier for digital systems of specified govt agencies, FM in Budget 2023

India TV News  

Budget 2023: Permanent Account Number will be used for common identifier for all digital systems of specified government agencies, the Finance Minister announced on Wednesday as she presented the Union Budget 2023. She also said that if MSMEs fail to execute contract, 95 per cent of performance security will be returned to small business as part of Vivad Se Vishwas …

Budget 2023 Pan Digi Kyc Specified Govt
The fatal lure of instant loan apps
2 years, 4 months ago

The fatal lure of instant loan apps

The Hindu  

“Mummy, I am leaving.” This is how Amit Yadav, 35, a mechanic from Madhya Pradesh’s Indore, concluded his note on August 23 before adding the words “ek fakir insaan ” below his name and signature. In response, Union Finance Minister Nirmala Sitharaman said the Central government had taken cognisance of such cases where digital loan apps “originating from one particular …

India Bengaluru China Delhi Indian Hong Kong Bank
Debit or Credit Card be Hacked in Just 6 Seconds. Know How to Protect Them from Fraud
2 years, 9 months ago

Debit or Credit Card be Hacked in Just 6 Seconds. Know How to Protect Them from Fraud

News 18  

At a time when the world is relying on the internet for carrying out various works during the pandemic, cybersecurity becomes extremely important. What Debit, Credit Card Users can Do Briedis said card users need to review their monthly statements for suspicious activity and respond quickly and seriously to every security notification from your bank. The central bank also said …

Fraud Information Bank Credit Card Rbi Pin Kyc
5 Major financial things to be done before March 31, 2022
2 years, 10 months ago

5 Major financial things to be done before March 31, 2022

India Today  

The balance sheet and income statements of companies are prepared by organisations across the world in a period of one year. Here is the list of 5 major financial things that need to be done before March 31: 1. Advance Tax filing: According to the Income Tax Law of India, it is considered that people with a tax liability of …

Tax Pan Kyc March 31St Person Needs
Income Tax Planning to PAN-Aadhaar Linking: 5 Financial Deadlines to Remember in March
2 years, 10 months ago

Income Tax Planning to PAN-Aadhaar Linking: 5 Financial Deadlines to Remember in March

News 18  

As we enter the last month of the existing financial year 2021-22. Despite being aware of this deadline, most of the investors postpone their income tax planning to the last minute. Last Date for Filing Belated Returns The deadline for filing the income tax return for the Financial Year 2020-21 or Assessment Year 2021-21 ended on December 31, 2021. A …

Tax Bank Pay Income Advance Pan Kyc
Safety Hacks You Should Know to Stay Protected from Rising Online Banking Frauds in India
2 years, 10 months ago

Safety Hacks You Should Know to Stay Protected from Rising Online Banking Frauds in India

News 18  

With the significant rise in the use of digital systems over the years, cybercriminals have swarmed the internet to perform online crimes such as data fraud, theft as well as hacking and the banking sector is also not out of their reach. Devious ways The most common forms of banking fraud in India are: Vishing- Phone calls pretending to be …

Online Phone Rbi Banks Details Kyc Frauds
Kolkata police helps cyber fraud victim get back Rs 4.9 lakh
2 years, 11 months ago

Kolkata police helps cyber fraud victim get back Rs 4.9 lakh

India Today  

Days after an elderly woman was reportedly duped of Rs 4.9 lakhs on the pretext of an online KYC update, Kolkata police helped her get back the lost amount in ten days. Not knowing it was an attempt to dupe her, the victim reportedly shared an OTP with the caller and soon realised that Rs 4.9 lakh had been siphoned …

Kolkata Victim Kyc
Prepaid Payment Instruments – The Future Of Online Payments
3 years, 3 months ago

Prepaid Payment Instruments – The Future Of Online Payments

Live Law  

Numerous technological innovations, revolutionary progress in Fintech and the ever-growing use of Prepaid Payment Instruments has led to regular amendments in the Master Directions on issuance and Operation of Prepaid Payment Instruments. To sum up, the major change from the Previous Master Directions is that non-bank PPIs were not allowed to issue Full KYC PPIs, however under the New Master …

Payments Fintech Payment Systems Payment Rbi Cash Limit
UPI Transfers Are Coming Back On CoinSwitch, For Your Bitcoin And Crypto Coin Purchases
3 years, 6 months ago

UPI Transfers Are Coming Back On CoinSwitch, For Your Bitcoin And Crypto Coin Purchases

News 18  

There is some good news in store for cryptocurrency investors who are using the CoinSwitch Kuber platform for buying and selling Bitcoin or crypto coins. This comes after weeks of trouble for cryptocurrency trading apps, which saw the unavailability of UPI as a money transfer method and limited support from banks in India, which also saw Paytm Bank withdrawing support …

India Payments Money Cryptocurrency Crypto Bank Bitcoin
Buying Cryptocurrency? You Cannot Use UPI To Make Payment: You’ll Be Hitting A Wall Of Confusion
3 years, 7 months ago

Buying Cryptocurrency? You Cannot Use UPI To Make Payment: You’ll Be Hitting A Wall Of Confusion

News 18  

Bitcoin is to cryptocurrency what WhatsApp is to instant messaging and Xerox is to the simple activity of generating photocopy. CoinSwitch by Kuber currently allows you to deposit money to the CoinSwitch Wallet using bank account transfers—that’s Immediate Payments System, the National Electronic Fund Transfer, Real Time Gross Settlements transfers by logging into your netbanking account for your savings or …

India Payments Cryptocurrency Crypto Financial Institutions Bank Bitcoin
Over regulation of payment entities will create greater distress in India’s fintech sector
4 years, 5 months ago

Over regulation of payment entities will create greater distress in India’s fintech sector

News 18  

On March 17, 2020 the RBI came out with Guidelines on Regulation of Payment Aggregators and Payment Gateways. These regulations impose onerous obligations on an already struggling startup ecosystem, raises regulatory uncertainty, and affects competition in the ecosystem and in zero or near zero pricing regime due to Zero MDR, the ill timed and burdensome regulations poses significant sustainability, viability …

India Policy Regulation Compliance Regulations Guidelines Payment
Online KYC process should be enabled during Coronavirus lockdown: IAMAI
4 years, 8 months ago

Online KYC process should be enabled during Coronavirus lockdown: IAMAI

India TV News  

The government should remove the need for an in-person meeting of customers during the video-KYC process for all regulated non-banking financial services, industry body Internet and Mobile Association of India demanded amid CVOID-19 lockdown. To avoid physical interaction between the customer and the employees of the entities like Prepaid Instruments, Non-Banking Financial Companies, lenders and others, the government should enable …

Kyc Iamai
FASTag: Here’s how to buy, recharge FASTag from SBI
5 years, 1 month ago

FASTag: Here’s how to buy, recharge FASTag from SBI

Live Mint  

If you travel by road frequently or are plannng a road trip, you now need to have FASTag with you. Here's how to get FASTag from State Bank of India According to the State Bank of India website, fastag.onlinesbi.com, a customer can approach any SBI PoS location in the country, and with valid a know your customer documents and vehicle …

Balance Bank Vehicle Account Customer Sbi Toll