Digital Transaction

Thursday, Apr 25, 2024 | Last Update : 06:48 PM IST

The bank had collected Rs 17.70 from each account holder during this period. (SBI Photo)

Digital transaction charges row: No charges for basic savings bank accounts, says SBI

The bank further said that the Central Board of Direct Taxes (CBDT) advised banks to refund charges collected on or after January 1, 2020

24 Nov 2021 1:54 PM

Digital platforms such as MobiKwik have contributed immensely to encourage digital transactions, thus, ensuring convenience as well as security while making financial transactions online

MobiKwik - Financial services in one click

The platform enables better engagement of businesses with individuals through multiple options of cashless transactions

30 Apr 2021 9:33 PM

Other factors such as the country’s rural-urban divide have also affected the migration to electronic payments. (Photo: DC)

Love of cash hinders India's move to digital economy

For many citizens living in rural areas, cash is still the bedrock of daily existence because of a lack of facilities.

14 Nov 2019 9:42 AM

RTGS System is available for customer transactions from 0800 hours to 1800 hours and for inter-bank transactions from 0800 hours to 1945 hours. (Photo: Pexels)

RTGS system for customer transactions to open at 7 am from Aug 26: RBI

The NEFT system is used for fund transfers of up to Rs 2 lakh, and RTGS for those above this threshold.

22 Aug 2019 8:47 AM

The bank has no plans to discontinue debit cards but increased use of the digital platform will itself reduce the requirement of the debit cards.

SBI plans to establish nearly 10 lakh YONO Cash Points

A customer can make bill payments and can do digital transactions by using the YONO cash feature.

21 Aug 2019 3:45 PM

5 things to keep in mind while paying digitally

UPI is also unique in that it places immense power in the hands of its users, with the ability to keep themselves safe.

25 Jul 2019 10:09 PM

To encourage digital payments, Sitharaman had also announced to levy 2 per cent TDS on cash withdrawal of more than Rs 1 crore in an year from a bank account. (Photo: Representational | ANI)

PCI says abolishing MDR charges to dry up investment capital, kill revenue source

PCI said digital payments in India have received quite high interest from various investors, both domestic and international.

09 Jul 2019 6:25 PM

The bank is rated as 'Good' by the government with a score of 71 which is the highest category of performance.

PNB gets top rank in digital transaction as per Finance ministry report

PNB average percentage of technical declines is only 0.83 per cent of total transactions.

25 Aug 2018 5:27 PM

Apart from encouraging digital over cash transactions, India introduced GST regime which provides for uniform taxes.

GST, note ban brought 1.8 mn more people into I-T net: India

GST has led to a 50 per cent increase in the number of indirect taxpayers.

27 Apr 2018 12:27 PM

Minister of State for Communication Manoj Sinha.

Digital India to create Internet access to all: Manoj Sinha

Since January 1, 2017, more than 26.7 billion digital transactions have been completed in India.

30 Nov 2017 4:40 PM

Finance Minister Arun Jaitley. (Photo: AP)

No proposal to withdraw cheque book facility: Finance Ministry

Post demonetisation, govt has been pushing digital transaction with an aim to move towards less cash society.

24 Nov 2017 11:41 AM

The finance ministry said that though the Government has no plans to discontinue bank cheque services. (Photo: File)

No proposal to withdraw bank cheque book facility, clarifies Finance Ministry

'It is denied that there is any proposal under consideration of the Govt to withdraw bank cheque book facility,' the ministry clarified.

23 Nov 2017 8:52 PM

People are shifting towards digital transaction: Arun Jaitley

Government has been pushing for a less-cash economy and promoting digital transactions.

06 Nov 2017 1:59 PM

In terms of value, the transactions were valued at Rs 70.57 billion in October 2017.

UPI transaction surged exponentially within year of DeMo

The number of payments through UPI has zoomed to 76.96 million at end-October 2017.

05 Nov 2017 1:39 PM

Indians are increasingly turning to their smartphones for Diwali shopping and sending money and gifts to loved ones this festive season, a study by SwiftKey (part of Microsoft) on Monday said.

Online shopping, e-gifts to rule Diwali this year

The study found 84 per cent saying that they think smartphones helped improve the celebrations.

16 Oct 2017 7:03 PM

India's micro-finance industry grew by about 18 per cent in year ended March 2017 to over Rs 46,000 crore

Aadhaar based transaction to digitise 98 cr MFI payments

Digitisation will help MFIs to cut operational cost, transit risk as well as connect rural mass to digital banking.

13 Sep 2017 6:27 PM

BHIM-Aadhaar which was launched on April 14 this year is a fairly new payment service and so, daily transactions are in the range of 300-400.

'111.45 crore digital payments were made in May 2017'

In February number dipped to 101.18 crore but surged to 119.07 crore in the following month.

02 Aug 2017 5:30 PM