Indian digital payments wallet Paytm has transformed itself into payment bank. Aiming to acquire 500 million customers in the next three years, the company said in a statement.One97 Communications, the parent company of digital payments player Paytm, is transferring its wallet business to Paytm Payments Bank. As per the Reserve Bank of India’s (RBI) guidelines,…

Money can be needed anytime for any reason. Years ago, people had to rely on private financiers or relatives to fund to their sudden or unexpected monetary need. But now, after various economic reforms and liberalization of banks, availing a loan for those who maintain good financial history has become much easier. Just a phone call…

Days after SBI raised minimum balance requirement to maintain savings account with bank, further the bank revised service charges on various cash transactions for its customers, effective from June 1. Announced in a circular on the SBI website on Thursday morning, the revisions initially created confusion among customers over news that all cash withdrawals through…

Fund transfer via NEFT or National Electronic Funds Transfer is set to get faster from July 10. NEFT is an electronic fund transfer system that allows individuals to transfer funds between banks. This fund transfer system is maintained by the Reserve Bank of India. Introduction of additional 11 NEFT settlements from July 10 was announced…

Reliance Jio, the name which frightens all major telecom operators in the country has once again fired another shot on the competitors with launch of another lucrative offer. After killing the Jio Summer Surprise offer due to a TRAI recommendation, Reliance Jio has brought it back to life as the new Jio Dhan Dhana Dhan…