Banks rush to implement 'standing instructions' system, but may still miss deadline
From October 1, standing instructions on card would not be processed by banks and customers will have to register under a new system.
From October 1, standing instructions on card would not be processed by banks and customers will have to register under a new system.
"Dear customer, we regret the inconvenience caused to you. Our App service is facing glitches due to some technical difficulty. However, our team is working on the same and it will be resolved soon." - This has been PNB's standard reply to customers when they face any glitch. Further, recent reports of a customer who received Rs. 5.5 lakh in his account, and of two school students bank statements stating a credit of Rs 960 crore, explores the dark side of the glossy UI&UX banks are busy promoting.
With Chase, JPMorgan is following US rival Goldman Sachs into the British market dominated by incumbents including Lloyds, Barclays, NatWest and HSBC as well as relative newcomers Monzo and Starling.
As your bank warms up to the idea of account aggregators, it is ready to provide you with unprecedented services. Here is all you need to know about it!
Online businesses are already working to meet RBI’s deadline on recurring payments, which kicks in from September 2021. These guidelines require that customers issue mandates for recurring payments to banks, and online firms cannot on their own debit charges.
To access to the new version of YONO and YONO Lite with enhanced security features, as per the press release, users will have to update their mobile app and complete the one-time registration process on these apps. The registration process verifies the SIM of the registered mobile number (RMN) with the bank in order to complete the registration.
The Lloyd’s Banking Group (LLOY.L) is closing 44 branches across England and Wales in response to a shift in consumer behavior to digital banking.
As your bank warms up to the idea of account aggregators, it is ready to provide you with unprecedented services. Here is all you need to know about it!
“While we are always ‘Dil se Open’ for you at all our branches, you may want to avoid going to a branch at this juncture. This is a great time for you to try our best-in-class digital solutions. Axis Bank has digital channels like Internet Banking, Mobile Apps, Chatbot, etc, which enable our customers to reach the Bank anytime and from anywhere," says Axis bank CMD.