e-NACH: explained in a very simple way

What is e-NACH: e-NACH is a payment tool which is being used by organizations for payment which are repetitive in nature, once the user signs(digitally/net banking/debit card/aadhar based e-sign) the e-NACH, he gives rights to the concerned entity to debit certain amount on a fixed date of a month. NACH stands for National Automated Clearing […]

RBI’s Ombudsman Scheme for Digital Transactions (OSDT)

RBI’s Digital ombudsman scheme covers the pending dispute regarding digital transactions with e-wallets and other PPI (Prepaid Instruments) like UPI, Bharat bill payment systems, paytm, PhonePe, amazon pay, google pay (g-pay), mobikwik etc       Dear Readers, in this article  we will learn- ·        What is Digital ombudsman ·        Motive of […]

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