What is Aadhaar Enabled Payment System (AePS)?
Aadhaar Enabled Payment System (AePS) is a system developed by the National Payments Corporation of India (NPCI)is operational in India since January 2011. The idea of the Government of India coming up with AePS is mainly to help the people from far-off places particularly from villages where banking services are not available. With the help…
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Understanding Bharat Bill Payment System (BBPS)
In Supersession of earlier BBPS-related guidelines/circulars, RBI on Friday (March 1, 2024) issued the new Directions hereinafter specified. These Directions shall be applicable from April 01, 2024. The provisions of the new Directions shall apply to NPCI Bharat Bill Pay Limited (NBBL) a wholly owned subsidiary of the National Payments Corporation of India); and All…
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Norms for FPI investments in corporate debt securities relaxed
Reserve Bank of India has relaxed norms for foreign portfolio investors, FPIs investing in corporate debt securities through the general route. In a notification, RBI announced that FPIs will no longer be required to adhere to the short-term investment and concentration limits.At present, investments by Foreign Portfolio Investors (FPIs) in corporate debt securities through the…
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Understanding Home Loans in India: A Comprehensive Guide
Brief: Home loans in India are one of the most sought-after financial products offered by banks and housing finance companies to help individuals realize their dream of owning a home. These loans are provided for various purposes including purchasing a new house, constructing a home, renovating or extending an existing property, or buying a plot…
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Benefits of Using a Bonded Warehouse in India and Abroad for Export
Indian exporters can enhance their operational flexibility and access global markets more effectively by establishing or utilizing bonded warehouses both within India and overseas. Typically located near ports or airports, these warehouses streamline export procedures and enable businesses to respond swiftly to market demands. Bonded warehouses may be public (government-owned or operated) or private (owned…
Features of Co-Branded Credit Cards
Co-branded credit cards are financial products issued jointly by a bank and a partnering brand, retailer, or service provider. These cards offer benefits and rewards specifically aligned with the partner brand’s offerings, thereby aiming to foster customer loyalty and encourage repeat purchases within the brand’s ecosystem. In contrast, standard credit cards provide more generalized rewards…
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