What are the functions of RBI (Reserve Bank of India)? The Reserve Bank of India (RBI) is India’s central bank, established in 1935. It is responsible for regulating the country’s monetary policy, managing foreign exchange reserves, and supervising the banking…
The transaction limit for Aadhaar Enabled Payment System (AEPS) transactions depends on a number of factors, including the specific bank or service provider offering the service, as well as the type of transaction being performed. In general, the transaction limit…
A credit score is a numerical representation of an individual’s creditworthiness. It is used by lenders and financial institutions to determine the likelihood that a person will repay a loan on time. A credit score is based on an individual’s…
What is mean by creditworthiness? Creditworthiness is a term used to describe an individual’s ability to repay a loan. It is a measure of the risk associated with lending money to a particular person and is based on their financial…
The transaction limit for Aadhaar Enabled Payment System (AEPS) transactions per day is currently set by the National Payments Corporation of India (NPCI), the governing body for retail payments in India. The current transaction limit for AEPS transactions is Rs.…
Here are some tips that can help you protect yourself from AEPS (Aadhaar Enabled Payment System) fraud: Keep your Aadhaar number and biometrics safe: Ensure that your Aadhaar number and biometrics are not shared with anyone, as this information is…
AEPS service is banned in pin codes – As of my knowledge cut-off in 2021, AEPS (Aadhaar Enabled Payment System) services were not banned in any specific PIN codes in India. However, the usage of Aadhaar-based services, including AEPS, has…
How to link bank account with NPCI? Actually, it is not possible to link bank account with NPCI. Almost all banks of India are members of NPCI and member banks can provide the services of NPCI such as UPI, Rupay…
A debit card is a payment card that allows you to access funds from your checking account to make purchases or payments. When you use a debit card, the funds are deducted directly from your account, and you can only…
Using a credit card can offer many advantages, such as convenience, rewards, and protection against fraud. However, there are also some disadvantages to using credit cards, including the potential for overspending and accumulating debt. Here are some of the main…
