The National Payments Corporation of India (NCPI) has started Rupay, a domestic card payment network. NPCI already is at the back-end of the India wide bank ATM network and runs IMPS, the Interbank Mobile Payment Service (Read of my experience with IMPS). It has the ability to instantly find out, given a debit card, how [...]

Posted in Banks, Credit Repair, CreditCards, Uncategorized, rupay Comments Off

How do we use cards in India? RBI releases a bulletin every month containing such data and we can see how much cards have been used over time. Additionally, I add commentary on other payment systems. (Inspired by Medianama’s chart on ICICI Bank cards) First, the Numbers Debit cards, ever since the numbers have been [...]

Posted in Charts, Credit Repair, CreditCards Comments Off

Reader PB asks over email: Apart from Interest, ICICI Bank Credit Card Statement always include Service charge and Insurance charge. Is it right for the Bank to charge me these items though I have not signed any insurance form? One fine …

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Subramoney talks about how his credit-card payment went for a toss, with ICICI Netbanking failing when he most needed it, and he had to pay a fine. A suggestion via a comment was to do auto-debit instead. But that’s a HUGE mess – I wouldn’t recom…

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