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Learn about the RBI's introduction of card tokenisation facility at the bank level in Mumbai. Find out how this facility provides convenience for cardholders and improves transaction security.
UPI has emerged a preferred mode of payment for a large section of the population with over 11.23 billion transactions recorded in November. An announcement in this regard was made by Reserve Bank Governor Shaktikanta Das, while unveiling the December bi-monthly monetary policy last week.
RBI proposes to increase UPI auto payments limit to Rs 1 lakh without OTP for e-mandates like mutual fund subscriptions, insurance premiums, and credi
The governor was announcing the decision of the Monetary Policy Committee or MPC. The MPC has decided to hold the policy rate - the Repo Rate - at 6.5%. The central bank has been pausing since February this year. It has hiked rates by 2.5% before the pause to rein in inflation.
The central bank has proposed removing the Additional Factor of Authentication (AFA) requirement for transactions up to Rs 1 lakh for the following categories: Subscription to mutual funds; payment of insurance premium; and payments of credit card bills.