Salary is such a keyword that everyone’s attention is drawn after hearing it. And if it is late from the 1st date, then the sweat starts falling. This time something similar has happened to many people that their salary has not been credited in the account yet.
Salary is such a keyword, listening to which everyone’s attention is drawn. And if it is late from the 1st date, then the sweat starts falling. This time something similar has happened to many people that their salary has not yet been credited in the account. Asking HR everyday why not his salary? Whatever answers they got from there. But banks have started alerting customers with salary accounts on their behalf. If your salary has not come, then you should also pay attention.
Private sector Axis Bank has said that it has disabled IFSC after the merger of United Bank of India, Oriental Bank of Commerce, Allahabad Bank, Syndicate Bank, Dena Bank, Vijaya Bank as per RBI guidelines. He has asked the customers that if the customers of these banks are connected to your account as beneficiary, then delete their information and register again. This will save you from big losses.
Along with this, the Reserve Bank of India (RBI) has made Additional Measures for Verification (AFA) mandatory. Banks and payment facilitators were seeking additional time to comply with RBI’s directive on automatic bill payment. That’s why RBI has implemented it from 1st October.
RBI has directed all banks, including Regional Rural Banks (RRBs), NBFCs (Non-Banking Financial Companies) and payment facilitation platforms, to make automatic payments using cards or Prepaid Payment Products (PPIs) or Unified Payments Interfaces (UPIs). : Bill payment arrangements (domestic or foreign) if AFA is not being complied with, will not continue after September 30, 2021.
The central bank announced the move as part of risk mitigation measures aimed at making transactions through cards more robust and secure. Earlier, the RBI had increased the limit for payment through contactless cards and automatic bill payments through cards and UPI from Rs 2,000 to Rs 5,000.