Monthly Archives: December 2016

Use SBI Virtual Card to do e-shoping without giving Account information to merchant

By | December 5, 2016

SBI Internet Banking: Generating a State Bank Virtual Card Use SBI Internet Banking to set up a Virtual Card for all transactions where you use your VISA Debit card. The State Bank Virtual card offers added security when shopping online. State Bank Virtual Card, also known as Electronic Card or e-Card, is a limit Debit… Read More »

How to Authenticate U.S. Currency

By | December 5, 2016

How to Authenticate U.S. Currency Understand the main security features common across all U.S. banknotes to help quickly, easily, and discreetly determine if a note is genuine. “The Basics” on U.S. Currency Get a brief overview of U.S. currency, including the denominations and series in circulation, as well as the design process.  

New Banking Defination

By | December 5, 2016

 Beneficiary Bank: Refers to the IMPS member bank where the Beneficiary‘s Account is held in a mobile Payment request.  Customer: Customer should refer to an account holder of a bank who registers to avail of the Mobile Remittance service of the Bank or wallet holder of PPIs.   IMPS: Immediate Payment Service of… Read More »

UPI -Unified Payment Interface -FAQ

By | December 5, 2016

UPI -Unified Payment Interface How is UPI different from IMPS? UPI (Unified Payment Interface)  is providing additional benefits to IMPS (Immediate Payment Service ) in the following ways: Provides for a P2P Pull functionality Simplifies Merchant Payments Single APP for money transfer Single click two factor authentication. [Read  How to do Cashless Transactions -UPI SBI… Read More »

Govt asked employees to take Debit Cards and use for personal transactions instead of cash

By | December 5, 2016

Government of India takes policy decisions to encourage cashless/electronic transactions; Asks the Government employees to take the lead and maximize the usage of Debit Cards for personal related transactions instead of cash In the recent years, advancements in banking technology, progress in mobile banking and innovative technologies to facilitate digital payments have enabled large number… Read More »

Any Payment above Rs.5000 by Govt dept to be made by e-Payment mode

By | December 5, 2016

Any Payment above Rs.5,000 to Suppliers, contractors, grantee/loanee institutions etc by Government Departments to be now made through e-Payment to attain the goal of complete digitization of Government payments. In order to attain the goal of complete digitization of Government payments, the Ministry of Finance, Government of India has again reviewed the existing limit of… Read More »

Debit Card Activation benefits– FAQs

By | December 5, 2016

Benefits of Debit Card Activation – FAQs Here are given some of the major benefits of Debit Card activation in the form of Frequently Asked Questions (FAQs) and their Answer format:  QUESTION 1: Why it is important to have active debit cards? ANSWER:   Debit Card makes your payments much more convenient and secure through an  … Read More »