The rapid shift to a digital economy in India means that heavy cash transactions can now come with a heavy cost. If you still rely on large cash payments, you could face significant tax penalties and lose out on valuable deductions. Here’s a breakdown of the key rules, limits, and penalties you need to know. … Read more
It can be frustrating when you make a UPI payment and the money is debited from your account, but the recipient doesn’t get it. This is a common issue, and the key is to stay calm and follow a clear process to get it resolved. What Happens When a UPI Transaction Fails? When a transaction … Read more
UPI’s Record-Breaking July 2025 The Unified Payments Interface (UPI) hit a new high in July 2025, processing 19.47 billion transactions worth ₹25.08 lakh crore. This milestone, according to the National Payments Corporation of India (NPCI), shows a significant jump in digital payment adoption. Key Highlights from the Data: Dilip Modi, Founder & CEO of Spice … Read more
New UPI Rules Start August 1, 2025: What You Need to Know Starting today, August 1, 2025, new rules for the Unified Payments Interface (UPI) system are in effect. Mandated by the National Payments Corporation of India (NPCI), these changes are designed to make your online payments smoother and more secure. Here’s a breakdown of … Read more
New Co-branded Credit Card Launched by SBI Card and PhonePe SBI Card and PhonePe have teamed up to introduce a new co-branded credit card, the PhonePe SBI Card. It comes in two versions: SELECT BLACK and PURPLE, both designed to reward customers for their everyday spending. Key Features and Benefits Both cards offer versatile features … Read more
You know how you use UPI for everything from your morning coffee to online shopping? Well, it’s about to get even more powerful! Starting August 31, 2025, you’ll be able to link your pre-approved credit lines – like those backed by your fixed deposits, shares, or even overdraft facilities – directly to your UPI apps. … Read more
No worries about those new FASTag rules! The Ministry of Road Transport & Highways just cleared things up, saying the recent circular from the National Payments Corporation of India (NPCI) won’t mess with your experience at toll plazas. Recharge Anytime, Anywhere (Well, Almost!) Forget those rumors about your FASTag being declined if it’s inactive for … Read more
UPI Circle: Send Money Without a Bank Account! Exciting news from NPCI! The new UPI Circle feature is a game-changer, letting you send money via UPI even if you don’t have a bank account. This is huge for kids, seniors, and folks in rural areas, bringing them into the digital payment world. Even a zero … Read more
Rumors are swirling about a potential ban on the 500-rupee note in India, following the Reserve Bank of India’s (RBI) decision to discontinue the 2,000-rupee note. While digital transactions are increasingly popular, leading to a “less-cash” economy, many are wondering about the future of this common denomination. Will the 500-Rupee Note Be Banned? The RBI … Read more