Parliament has cleared an amendment allowing the Centre to reshape the zero-MDR framework for UPI and other notified digital payments. No new UPI charge has taken effect yet, while the government says customers will not directly bear MDR charges. India has moved closer to potentially introducing Merchant Discount Rate charges on some UPI merchant transactions after Parliament cleared changes to the law governing digital payment charges. The Taxation a

India has proposed a legal change that could permit merchant fees on selected UPI payments, including transactions above Rs 2,000. No fee has been finalised, and the proposals mainly target large merchants rather than customers, small shops or personal transfers. UPI Fee Has Not Been Introduced Yet UPI payments above Rs 2,000 are not automatically becoming chargeable. A proposed amendment to the Payment and Settlement Systems Act woul

What RBI’s New Bulk Deposit Rules Mean The RBI’s revised deposit rules, effective October 1, 2026, require banks to publish bulk deposit rates daily, maintain uniform pricing for comparable deposits, and allow different rates based on liquidity risk. RBI Bulk Deposit Rules 2026: What Changes From October 1 The RBI bulk deposit rules 2026 will introduce stricter disclosure requiremen

Bank of Baroda Data Breach: What Customers Need to Know Bank of Baroda has confirmed unauthorised access to certain customer data after an employee's email account was compromised. Its core banking systems remain secure, but customers should strengthen account security and remain cautious about phishing and identity misuse. Bank of Baroda Data Breach Safety Steps for Customers

Bank of Baroda Data Leak: Customer Safety Steps Explained Reports claim nearly 1TB of Bank of Baroda data may have surfaced online, potentially exposing customer and internal records. The breach remains unverified, but customers are being urged to watch for phishing, secure banking access, and report suspicious activity quickly. New Delhi, July 27, 2026: Bank of Baroda data leak customer safety steps have come into focus after reports c

July 1 Financial Changes: ITR Deadline, Aadhaar Update, Passport Fees And Credit Card Rules Several important financial changes have come into effect from July 1, 2026, and many of them directly affect Indian households, taxpayers, bank customers, and credit card users. From income tax return filing deadlines to Aadhaar email updates, passport fee hikes, fuel price cuts, and revised card benefits, these new money rules are worth checking before making financial de

RBI Bank Mis-Selling Rules 2027: What Customers Must Know From January 1, 2027, bank customers in India will get stronger protection against forced insurance sales, hidden charges, confusing consent screens, and manipulative app pop-ups. The Reserve Bank of India has issued new directions to stop commercial banks from pushing financial products that customers did not ask for or may not need.

Market Falls Despite IT Stock Rally Indian markets ended June 1 on a weak note as banking and heavyweight stocks pulled Sensex and Nifty lower, while IT shares gave investors one bright spot. Sensex, Nifty End Lower The Sensex dropped 508.40 points to close at 74,267.34, while the Nifty slipped below the key 23,400 level and ended at 23,382.60. The fall showed clear pr

Indian Stock Market Recovers As IT And Banking Stocks Support Sensex, Nifty Sensex Recovers From Day’s Low The Indian stock market ended on a positive note on May 18, 2026, after a sharp recovery from early losses. According to India Today, the S&P BSE Sensex gained 77.05 points to close at 75,315.04, while the NSE Nifty50 rose 6.45 points to end at 23,649.95. The Se

Bengaluru Man Duped Of Rs 5 Lakh In Fake WhatsApp Wedding Invite Scam  

Union Finance Minister Nirmala Sitharaman on Monday announced that four special Lok Adalats will be conducted in 2026 to expedite the disposal of pending cases before the Debt Recovery Tribunals (DRTs) and Debt Recovery Appellate Tribunals (DRATs). A significant number of these cases involve high-value claims exceeding ₹100 crore and have remained unresolved for an extended period, prompting the government to take steps to accelerate the judicial process. Responding in the Lok Sab

Mumbai's financial landscape has seen significant changes as the Reserve Bank of India (RBI) takes action on JPY-linked special deposits. Once a popular tool for attracting NRI funds, these deposits were marketed as premium rupee plans (PRPs), offering high returns by leveraging the forward premium on the Japanese yen. Banks, like IndusInd Bank and Yes Bank, had been using these products to attract NRI deposits by offering high yields based on the yen's forward premium in the foreign exchange

Amaravati has taken a significant step toward establishing itself as a major financial destination with the launch of 25 banks in the city. This coordinated expansion marks a powerful milestone in the region’s development and signals growing confidence in Amaravati’s economic potential. The large-scale entry of financial institutions is expected to accelerate business growth, attract investments, and strengthen the city’s role in India’s evolving financial ecosystem. The sim