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News Reports

UPI rules, ATM withdrawals, Credit Cards, EPFO, Aadhaar updates etc: Here are the key changes set to kick in from June 1

OpIndia Staff -
The Employees' Provident Fund Organisation (EPFO) is likely to introduce the EPFO 3.0 system from 1st June.
News Reports

What happened to Kotak Mahindra Bank? RBI orders it to stop issuing credit cards and onboarding new online customers: Here is what it means

OpIndia Staff -
RBI bars Kotak Mahindra Bank from onboarding new customers through online, mobile banking; issuing new credit cards
News Reports

This will be a game changer for the payments industry: Payments Council of India welcomes RBI allowing tokenisation of cards through banks

ANI -
The Payments Council of India (PCI), a representative body of the non-banking payment industry in India, welcomed the RBI's move to enable the issuing of tokens for cards via internet and commercial banks.
OpIndia Explains

20% TCS on international credit cards: What it is, why it was needed, and how it will impact foreign visits – everything you needed...

Raju Das -
The abolition of rule 7 of the FEMA (CAT) Rules, 2000 means that credit card payments made while travelling abroad will attract 20% TCS

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