The revised fair lending practice, which prohibits banks and NBFCs from using penal charges on loan defaults as a revenue enhancement tool, will come into effect from April 1, the Reserve Bank said on Monday. Expressing apprehension about banks and non-banking financial companies (NBFCs) employing penal interest as a means of revenue enhancement, the RBI […]
UPI-PayNow Linkage: UPI Apps Can Now Receive Remittances from Singapore, Check Details
In a major filip to UPI abroad, Indians can now receive instant and cost-effective remittances from Singapore-based Indian diaspora directly into their bank accounts through major UPI apps. In February last year, Prime Minister Narendra Modi and his Singapore counterpart Lee Hsien Loong launched cross-border connectivity between UPI and PayNow via videoconferencing. “This facility can […]
ChatGPT Is Coming Into Your Cars In 2024, Starting With This German Brand
ChatGPT is already on your smartphones and in 2024 you will see the popular AI chatbot move to other bases like your car. That’s right, Volkswagen from Germany has confirmed that ChatGPT will be installed into its four-wheelers from the second quarter of 2024. The automaker plans to bring the feature to its customers in […]
Back Back Bank holidays in January 2024: Is January 6th a holiday?
January 6 is a Saturday and while many may wonder if it is a bank holiday, the simple answer is no. Banks are usually off on the second and fourth Saturdays in any given month. Thus, all first and third Saturdays and duty days are as usual. And further, in case the month has a […]
How To Secure A Personal Loan: A Comprehensive Guide
Personal loans rank as the second most commonly availed type of loan after home loans in the country. Banks readily offer personal loans, often charging high-interest rates. However, by considering certain factors before obtaining a personal loan, one can prevent banks from imposing excessive interest rates, thereby reducing the EMI burden and facilitating quicker loan […]
Amazon Prime Lite Now Cheaper In India: Here’s What You Pay For These Features
Amazon Prime Lite membership is the cheaper version of its original Prime plans with toned down features. Amazon launched the Lite version back in June this year, giving more people the chance to use its services, albeit with some of them not offered. With Prime Lite, they can enjoy two-day delivery on Amazon purchases without […]
NPS contributions using UPI-enabled QR code: Five benefits, how to use the facility, and other details explained here
The Pension Fund Regulatory and Development Authority (PFRDA) has now allowed National Pension System (NPS) subscribers to deposit their contributions through the Unified Payments Interface (UPI) QR code directly under the D-Remit process. How this new initiative by PFRDA will benefit NPS subscribers “The introduction of QR code – UPI for D-Remit (Direct Remittance) would […]
IRCTC Announces Ayodhya To Rameshwaram Temple Tour Package; All You Need To Know
Ahead of the grand opening of the Ayodhya Ram temple next month, people have started making reservations to visit the holy city. Flights and the semi-high-speed train Vande Bharat are scheduled to commence operations on December 30. Indian Railways is introducing a tour package from Ayodhya to Rameshwaram, that includes visits to various temples in […]
Filing ITR? Selection Of A Regime Now Mandatory For Tax Payers
Three months before the end of the fiscal year, the Income Tax (IT) Department has made the Income Tax Return (ITR) form available for submission. The form used to file returns has undergone significant modifications from the department once more. Taxpayers will need to exercise extreme caution while filling out the ITR form and submitting […]
Commercial LPG Cylinder Prices Cut By Rs 39.5; Check Latest Rates In Delhi, Mumbai And Other Cities
In a relief for consumers, oil marketing companies (OMCs) on Friday reduced the prices of commercial cooking gas (LPG) by Rs 39.50 per 19-kg cylinder in line with softening international benchmarks. However, the price of domestic LPG — used in household kitchens for cooking purposes — remained unchanged at Rs 903 per 14.2-kg cylinder. After […]