Digital banking Archive
Freezing/ Lien Marking of Accounts by Banks-Complaints Registered in NCCRP
Account freezing/lien marking by banks based on the directions, issued by the LEAs on complaints in NCCRP has become controversial in Kerala. This article analyses various aspects of the matter.
National Cyber Crime Reporting Portal (NCCRP) and Digital Banking
National Cyber Crime Reporting Portal (NCCRP) is a web portal facilitating Indian citizens to report cyber crimes. The portal has provisions for reporting various types of cyber crimes falling under two categories, (a) crimes against children and women and
Cash withdrawal facility at POS terminals
Cash withdrawal facility at POS terminals (Point-of-Sale terminals) was introduced in India by RBI in 2009, but failed to gain acceptance among public in India. However, the facility is gradually gaining popularity among the public as general
National Financial Switch (NFS)
National Financial Switch (NFS) is the largest network of shared automated teller machines (ATMs) in India. Thus, NFS functions as the backbone of Indian ATM network. NFS was designed and implemented by the Institute for Development and
30 Apr 20
CategoryBanking Awareness, Digital Banking Products, Everything About
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Immediate Payment Service (IMPS)
Immediate Payment Service (IMPS) is a robust and real time payment service that has transformed the payments and settlements systems in India. The facility was launched by the National Payments Corporation of India (NPCI) on 22nd November,
23 Apr 20
CategoryBanking Awareness, Digital Banking Products, Everything About
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Digital Channel Enablers for Payments and Settlements
Digital channel enablers worked miracles in India and succeeded in making digital banking transactions the first choice for payments and settlements. Competition among banks to delight customers through better banking experience popularised the digital channels and digital
Digital Channels for Payments & Settlements
Digital channels and Digital banking have transformed banking and investments across the globe. Indian banking system too has embraced digital channels for payments and settlements. In fact digital revolution has taken the country by storm. Like in
ATM – White Label & Brown Label ATMs
Automated Teller Machine (ATM) is a computerized machine that extends transaction facility to the customers of banks, without visiting branches. Customers can access their account, withdraw cash and carry out a number of other transactions by visiting
Real Time Gross Settlement (RTGS) & NEFT
RTGS stands for Real Time Gross Settlement. It is a system for fund transfer where the settlements are taking place on real-time in a continuous manner. Transactions are settled individually on a transaction by transaction basis. 'Real
20 Dec 18
CategoryBanking Awareness, Digital Banking Products, Everything About
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Features of PPIs:- Semi- closed, Open System, Gift and MTS
Prepaid Payment Instruments (PPIs) can be broadly classified under three types; closed, semi-closed and open system PPIs. Features of PPIs vary based on the type of PPI. Cash withdrawal is permitted only in the case of
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