UPI has made payments effortless but it has also opened doors for scammers. According to IBTimes India, with over 27 lakh fraud cases worth ₹2,145 crore reported in recent years, the scale of the UPI scam problem is significant. Let’s break down the most common techniques used in a fake UPI payment scam, so you know exactly what to watch out for. 1. Fake Payment Screenshots One of the …
The *99# mobile banking service is a USSD-based banking solution that lets you check your bank account balance, transfer money and access banking services instantly without internet or smartphone. You simply have to dial *99# from your mobile phone and that it. Isn’t it interesting? Read on to understand what it is and how it works in depth. What is *99# Mobile Banking Service? The …
UPI is highly secure, but in situations like phone theft, suspicious requests, or fraud attempts, knowing how can I block my UPI ID becomes essential. Acting fast can prevent unauthorised transactions and safeguard your money. If you’re wondering how to block UPI number, the quickest way is to contact your bank, disable UPI from your app settings, or block your SIM card if your …
UPI has made digital payments effortless in India. From splitting bills to paying for groceries instantly, it has made everything super smooth with just one click. But with convenience comes the need to track every transaction. Knowing how to check UPI transaction history ensures transparency, helps manage expenses and protects you from errors or fraud. Let’s understand this in more detail. …
UPI AutoPay is transforming how businesses collect recurring payments. It enables seamless, automated billing for subscriptions, EMIs and services while improving customer experience and ensuring predictable revenue streams. Read on to understand what it is, how it works and what are the benefits. What is UPI AutoPay? UPI AutoPay is a feature introduced by the National Payments Corporation of India (NPCI) that allows …
UPI is basically a digital payment system, while BHIM is a mobile application built on that system. In other words, BHIM is one of the apps that uses UPI to allow instant bank-to-bank transfers. According to NPCI data, UPI recorded more than 12 billion transactions in a 1 month in 2024. It showed how widely …
In a major push toward Financial Inclusion and the Digital India initiative, the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) launched UPI 123Pay. Designed specifically for the 400 million feature phone users in India, this service bridges the ‘digital divide’ by allowing secure, instant transactions without an internet connection. Whether you …
Fixed Deposits (FDs) are offered by banks and NBFCs where you deposit a lump sum for a fixed tenure at a guaranteed interest rate. They are low-risk, easy to open and suitable for conservative investors who want stable and predictable returns. Government Bonds are debt instruments issued by the government to raise money. When you invest, you’re lending money to the …
Fixed Deposit (FD) is a retail investment system that allows people put in money to a bank for a fixed tenure at a guaranteed interest rate. Certificate of Deposit (CD) is a short-term, transferable money market instrument issued by banks and financial institutions, usually in large denominations. Simply put, when comparing fixed deposit vs certificate of deposit, an FD is meant for regular …
EMIs have improved access to retail. We see EMI options everywhere right from phones, laptops, appliances and many more. Nowadays, you don’t even require a credit card to convert your expenses into an EMI. You can just use your debit card. But here’s the real question most people ask: Does debit card EMI affect credit scores? Let’s break it down in simple, conversational language so you know …
