Savings Account

Banks Not Responsible For Theft From Lockers, Says Reserve Bank

Some banks, in their locker hiring agreements, have made it clear that any item stored in the locker is at the customer’s own risk and he or she may, in their own interest, insure the valuables. Do not expect any compensation for theft or burglary of valuables in safe deposit boxes of public sector banks as the locker hiring agreement absolves them of all liability. This bitter truth was disclosed in an RTI response by the Reserve Bank of India (RBI) and 19 PSU banks.

Banks Rush To Buy Cyber Security Cover As Digi Payments Rise

The government may cut back some of the plethora of socio-economic schemes that have outlived their utility as it uses outcome budgeting to assess the impact of central sector schemes, a top official said. In a bid to improve quality of public expenditure, the finance ministry has asked every ministry to prepare outcome budget statement linking outlays against each scheme with deliverables achieved and their impact on economy and citizens.

why Aadhaar is being challenged in the Supreme Court

Both Apps uses Unified Payments Interface (UPI) technology to transfer money between any two individuals and between an individual and a merchant. Navneet Dubey Moneycontrol News Are you considering using one of the mobile payment apps launched by the government recently? If so, you may be confused on whether you should use the Aadhaar Payment App or Bharat Interface for Money (BHIM)? Well, there are specific features of each of these apps which differentiate them which you should be aware of.

SBI To Use Aadhaar For Verification In Recruitment Process

State Bank of India or SBI plans to introduce Aadhaar to verify the identity of candidates across its recruitment processes effective July 1. State Bank of India or SBI plans to introduce Aadhaar to verify the identity of candidates across its recruitment processes effective July 1. India’s largest bank SBI, in a notice dated June 2, said: “Ascertaining the identities of candidates is critical for fair conduct of recruitment process and prevention of impersonation.

Aadhaar must to get government co-contribution for availing Atal Pension Yojana

The finance ministry on Monday said their subscribers of the Atal Pension Yojana (APY) will have to link their Aadhaar to their accounts for availing up to Rs 1,000 government’s co-contribution. Any individual who is eligible to receive benefits under the APY will have to furnish proof of possession of Aadhaar number or undergo enrolment under Aadhaar authentication, the ministry said in a statement. Pension regulator PFRDA has identified nearly 12.

India's next President:10 things about Draupdi Murmu, the woman who could be India's next President

With the new president of India set to be elected next month, several names are doing the rounds including those of BJP veteran Najma Heptullah and Mahatma Gandhi’s writer grandson Rajmohan Gandhi. Many say Prime Minister Narendra Modi has decided Jharkhand Governor and BJP leader Draupdi Murmu to be the party candidate. Very few people know about Murmu outside eastern states. Here are 10 things to know about the woman who can be the next president of the country:

RBI new Rs 500 currency. Here's what is different in new notes

The Reserve Banks of India (RBI) today announced introduction of new Rs 500 currency notes. The new version will have few different aspects. The one noticeable aspect of the new currency notes is the inclusion of an inset letter “A”. Besides, in the new notes the signature of the RBI Governor will be on the reverse side. “In continuation of issuing of Rs 500 denomination banknotes in Mahatma Gandhi (new) series from time to time which are currently legal tender, a new batch of banknotes with inset letter “A” in both the number panels bearing the signature of Dr.

Rs 12. Vodafone Announces New Ramzan Plans.

Vodafone also said it will offer unlimited voice calling, unlimited national roaming and 1GB data per day in plans priced at Rs 342 and Rs 442. Telecom operator Vodafone India announced new Ramzan offers for its prepaid users. The new plans, called “Ramzan 342 and 442”, are valid for users in Karnataka, Vodafone India said in a release. Under the offer, users can avail of unlimited 2G data at Rs 5 per hour and unlimited 3G/4G data at Rs 19 per hour.

mVisa can be use for booking Railway Tickets

Rail travellers can now book tickets by mVisa payment method which allows them to scan a quick response (QR) code and pay through smartphones. Users can securely link their visa debit, credit or prepaid account to the mVisa application on their smartphones and make their travel bookings by simply scanning their mVisa QR code on the Indian Railway Catering and Tourism Corporation website. IRCTC, a subsidiary of the Indian Railways, is offering a promotion offer until September 4 that will give Rs 50 cashback to consumers booking their tickets through mVisa scan and pay on the IRCTC website.

why Aadhaar is being challenged in the Supreme Court

Six articles that explain why Aadhaar is being challenged in the Supreme Court •Aadhaar is vulnerable to identity theft because of its design and the way it is used: A centralised database, dual use as identifier and authenticator, and lack of sound legal framework are its main weaknesses. •Amid the debate about privacy, the more pressing issue of exclusion has been forgotten: Exclusion due to authentication errors and deactivation have an immediate impact on millions of people across India.