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Credit Card: This rule related to credit card will change from July 1, 2024, you should know #rulechange #ChangeinrulesfromJuly1 #creditcard #creditcardbill #creditcardbillpayment #creditcardrulechanges #newcreditcardrules #Rulechanges

🚨🚨 #PersonalFinance | Using an #HDFC Bank credit card is set to become costlier from August 1, due to a host of new fees and revised charges Here are the key things cardholders should know | HDFC Bank #HDFCBank #creditcard Anshul Majumdar

Axis Bank I have a normal savings account with AMB 12000 The balance maintained is WAY higher. The account has flexi enabled. I have worked in the bank for 4 years in 2 stints. Can you tell me on what basis you keep charging me for non maintenance of balance every now and then? Even when I logged into the mobile banking app right now it says I will be charged around 1400 + GST for Feb n March for low balance when the total amount available is WAY HIGHER! your branches do not share the details of charges levied for the last 3 years ( am not even going to the period prior to that) and your phone banking people are clueless.. I am told my balance was 3500 odd in Feb '24 ( it was WAY WAY WAY MORE) What will it take for you guys to check and refund the wrong levy over the last 3 years? will this do or must I raise a formal complaint including one to GRC?? #WRONGLEVYOFCHGS #NOHELP #NORESPONSE #NORESOLUTION #UNFAIRPRACTIES

BIG changes proposed by RBI 1. RBI Now Allows 2 Users Using Same Bank Account For UPI Payments in New Rules You can Extend your UPI Linked Bank Account To Family Members This Means, One Bank Account Can Be Used By Senior Citizens, Minors etc on Two Different Mobile Number/Smartphone No Need To Open a Separate Bank A/C 2. Limit From ₹1 Lakh Has Been Extended To ₹5 Lakh for Tax Payments Using UPI 3. 15 Days Reporting to CICs Your Information Related to Loans, Credit Cards Shall Be Updated in Every 15 Days by Banks To Credit Information Companies (CIBIL, Experian etc) Currently This is on Monthly Basis 4.Repository of Digital Loan Apps RBI Proposed Creating Public Repository of Digital Lending Apps This Will Prevent Unauthorised and Fraudulent Loan Apps and Help Borrowers 5. Faster Cheque Clearance Cheque Clearing Cycle To Be Reduced in Just Few Hours Instead of T+1 Day

Rule Change: From credit card to ITR, you should also know about these changes happening in July #2024 #creditcardrulechanges #FinancialruleswillchangefromJuly1 #ICICIBank #InactiveWallets #ITRdeadline #PaytmPaymentsbank #PaytmWallet #RewardPoints #SBICard #TheruleswillchangefromJuly1 #WhatwillchangefromJuly1

5 key changes by RBI : 1. RBI Now Allows 2 Users Using Same Bank Account For UPI Payments in New Rules You can Extend your UPI Linked Bank Account To Family Members This Means, One Bank Account Can Be Used By Senior Citizens, Minors etc on Two Different Mobile Number/Smartphone No Need To Open a Separate Bank A/C 2. Limit From ₹1 Lakh Has Been Extended To ₹5 Lakh for Tax Payments Using UPI 3. 15 Days Reporting to CICs Your Information Related to Loans, Credit Cards Shall Be Updated in Every 15 Days by Banks To Credit Information Companies (CIBIL, Experian etc) Currently This is on Monthly Basis 4.Repository of Digital Loan Apps RBI Proposed Creating Public Repository of Digital Lending Apps This Will Prevent Unauthorised and Fraudulent Loan Apps and Help Borrowers 5. Faster Cheque Clearance Cheque Clearing Cycle To Be Reduced in Just Few Hours Instead of T+1 Day

📊 Yield Lab Pulse: Analyzing Key HDFC Credit Card Fee Changes 💡 HDFC Bank has introduced several updates to its credit card fees and rewards in the last quarter. To make things clear, we’ve compiled all the changes in one place, with a simple example to illustrate their impact. From a 3.5% Foreign Transaction Fee on popular cards like Regalia to new EMI processing fees and 1% charges on high-value rent and utility payments, these changes could mean higher costs for cardholders. 📈💳 Read the full breakdown here: https://lnkd.in/dAZFY4z6 #YieldLabPulse #HDFCUpdates #CreditCardFees

5 key changes by RBI : 1. RBI Now Allows 2 Users Using Same Bank Account For UPI Payments in New Rules You can Extend your UPI Linked Bank Account To Family Members This Means, One Bank Account Can Be Used By Senior Citizens, Minors etc on Two Different Mobile Number/Smartphone No Need To Open a Separate Bank A/C 2. Limit From ₹1 Lakh Has Been Extended To ₹5 Lakh for Tax Payments Using UPI 3. 15 Days Reporting to CICs Your Information Related to Loans, Credit Cards Shall Be Updated in Every 15 Days by Banks To Credit Information Companies (CIBIL, Experian etc) Currently This is on Monthly Basis 4.Repository of Digital Loan Apps RBI Proposed Creating Public Repository of Digital Lending Apps This Will Prevent Unauthorised and Fraudulent Loan Apps and Help Borrowers 5. Faster Cheque Clearance Cheque Clearing Cycle To Be Reduced in Just Few Hours Instead of T+1 Day

Why you should make your #CreditCard bill payment now? If like most folks, make your CC payments through third-party apps like #Cred, #PhonePe, #Paytm, you should complete your CC payments now. This is due to a #RBI circular quoting, after June 30th, payments to CCs for Banks that haven’t onboarded to #BBPS (Bharat Bill Payment System) won’t be accepted through these third party apps. While banks are pushing for an extension, there’s no positive news yet. Some media reports suggest there would be a mega impact (meaning everyone would be impacted), while a small section suggests the impact would be limited to users who pay via debit cards using these third-party apps payment gateways. Payments made via NEFT or UPI should be fine. What You Should Do? To avoid any confusion or potential payment issues, it’s a good idea to make your CC payments before 30th June, even if the bill payment date is a few days away. Remember, CC #debt is one of the costliest debts out there. Delayed payments can lead to hefty interest charges, penalties, and a negative impact on your #CreditScore, which can affect your ability to get future loans. Alternatives for Customers post 30th June For banks not onboarded to BBPS, you’ll need to make payments via the bank’s internet banking service or their official app. Finding these details at the last minute can be a hassle, so it's wise to prepay your billed amount now. Why is RBI Making This Change? RBI wants to integrate CC payments via BBPS to ensure better control and visibility for regulatory authorities. This move should help reduce money rotation using CCs and bring down the overall CC outstanding amount. Additionally, BBPS offers instant credit and is a low-cost platform. Banks that are onboarded to BBPS - - SBI, BOB, Federal, Kotak Mahindra, Indusind, AU Bank Have you paid your CC bill yet? #PersonalFinance #Money #Savings #Rewards #Regulations

*BIG changes proposed by RBI* 1. RBI Now Allows 2 Users Using Same Bank Account For UPI Payments in New Rules You can Extend your UPI Linked Bank Account To Family Members This Means, One Bank Account Can Be Used By Senior Citizens, Minors etc on Two Different Mobile Number/Smartphone No Need To Open a Separate Bank A/C 2. Limit From ₹1 Lakh Has Been Extended To ₹5 Lakh for Tax Payments Using UPI 3. 15 Days Reporting to CICs Your Information Related to Loans, Credit Cards Shall Be Updated in Every 15 Days by Banks To Credit Information Companies (CIBIL, Experian etc) Currently This is on Monthly Basis 4.Repository of Digital Loan Apps RBI Proposed Creating Public Repository of Digital Lending Apps This Will Prevent Unauthorised and Fraudulent Loan Apps and Help Borrowers 5. Faster Cheque Clearance Cheque Clearing Cycle To Be Reduced in Just Few Hours Instead of T+1 Day