HDFC recently introduced their new all-in-one app PayZapp for making payments and money transfer mobile app. This is a unique invention of app launched by the leading bank of India to help the customers to make any type of payment just in one click. This app allows n number of transactions ranging from mobile recharge to ticket purchases for holidays and travel, shopping and other type of purchasing etc.
State Bank of India or SBI has finally launched the much waited contactless debit and credit cards, which are termed as SBlinTouch cards. This is manufactured after taking help of latest NFC or Near Field Technology. These credit and debit cards are termed as way more secure and hassle free in nature, and can be used at any merchant outlets or near ATMs
Finally, after much anticipating, Reserve Bank of India, or RBI came up with the final mode of paying issues, with a completely new set of guidelines. This is likely to end all ambiguity, which surrounds the field of contact less payment solutions. As reported earlier, there is not going to be an additional verification factor, which can land up to any amount till 2000 bucks.
Very Recently biggest private industry loan provider ICICI Financial institution together with Tech Mahindra released a transaction support ‘Tap-n-Pay’ based on the near-field communications (NFC) technology, allowing clients make over-the-counter expenses without using money. It can be used for vendor expenses by merely hitting a NFC-enabled cell phone or a tag on the reverse.
IRCTC RuPay debit card is an addition to the cashless payment system. It is launched by National Payments Corporation of India (NPCI) and is the first payment gateway system in India. The card is offering both virtual and physical options for the customers. It is in the line of Visa or MasterCard. The card is now can be used to make bookings and made payments for booking in rail.
Getting a credit card has never been this easier before. Now banks like ICICI, Axis, SBI and such others are issuing credit cards against the fixed deposit accounts opened with them. This new idea is formulating in the market virally as the banks aggressively marketing this product in the market with a new enthusiasm.
In the past decade, availability of personal computers, increased high-speed broadband connectivity, and emphasis on faster, safer, and more convenient banking services led to new services like Internet banking. The telecom revolution has enabled people to operate their bank accounts through mobile banking and SMS banking services.
Social media like Twitter are garnering more importance by the passing day. The hashtags, a predefined term, is becoming an important approach to pass a message. Kotak Mahindra Bank has understands this and that’s why they’ve launched Social Media Banking known as Jifi. This integration is a first-of-its-kind fully integrated social banking services.
Certificate of deposits or CDs is a money market instrument which is offered by few banks and financial institutions which provides investors to enjoy the highest interest rates in comparison of any other saving accounts. It is a promissory note issued by the bank against funds deposited by an investor. It is a negotiable money market instrument and can’t get less than of 5 months and can’t get exceed more than 5 year.
With growing modernization the work is getting simpler and easier. Banking being one of the vital part human lives cannot be expected to stay back. Taking revolution to a whole new level and diversifying the outlook of banking, ICICI Banks have introduced new integrated phone based banking service called “Pockets”. With the sole purpose of bringing mob-banking to a very different level, country’s first digital bank has been launched.
Have you ever thought of transferring money to people in your phonebook contact? If anyone tells you about this option you might think that person is out of his mind. HDFC bank has come up with this innovative mobile application HDFC Chillr. This revolutionary mobile app will allow you to transfer money instantly to any contact in your phonebook. You can transfer money 24*7 which means at any time of the day you can help your family, friends and relatives.
Savings accounts and term deposits are one of the best known ways to save money and earn more out of it. They are considered to be one of the safest places to store money and earn interest. The returns may not be as high as other forms of investment, but they are definitely better than having nothing.