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Axis Bank launches short-term online fixed deposits

Tuesday, October 1, 2019, 11:02 AM

Axis Bank, India's third-largest private-sector bank, announced the launch of 'Express FD', a digital FD product that allows a customer to open an FD account in three minutes through the digital-mode without opening a savings account with the bank. 'Express FD' offers attractive interest rates, zero issuance fees and no penalty on pre-mature withdrawal of up to 25% of the amount, the bank said.
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PhonePe in talks with ICICI Bank for UPI play

Monday, September 30, 2019, 9:49 AM

Digital payments major PhonePe is working with private sector lender ICICI Bank to forge a partnership and offer Unified Payments Interface-based digital transactions to its customers, according to two people in the know of the matter. This move could be a direct fallout of the mandate from the National Payments Corporation of India (NPCI), which manages UPI payments in the country.
 
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Woman loses Rs.95K after calling fake Swiggy Go helpline

Tuesday, September 10, 2019, 12:54 PM

A Bengaluru woman lost Rs.95,000 after calling a fake helpline of instant pickup and drop service Swiggy Go last week. She searched for helpline on Google and ended up calling a dubious number. A man picked her call and persuaded her to share her UPI PIN by clicking on a link, following which Rs.95,000 were debited from her account.

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