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UPI @ DMART – Thanks but No ThankS

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         Request Neeraj Vetkar, Vikram Dasu, Arindam Nag, and Samardeep Subandh to run small capsule programs for the Billing Staff on the Joy of Safe ePayments                 DMart logs around 1,00,000  footfalls on weekdays across its 132 Stores spread across Maharashtra, Gujarat, Andhra Pradesh, Karnataka, Telangana, Tamil Nadu, Madhya Pradesh, Rajasthan, NCR and Chhattisgarh. On holidays the numbers go up by 75%.          It has multiple stores in cities such as Ahmedabad, Baroda, Bengaluru, Hyderabad, Pune and Surat etc. The stores open at 10 am and customer can continue shopping till 10 pm i.e the closing time.          The chief attractors of DMart stores are : 01)                 ...
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Account Description Does Not Tally – Return Reason Removed

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          NPCI vide circular No 177, dated July 28 th , 2016, informed the Banking community that the APB Return Code NO 3 – Account Description does not tally is removed from the valid return reasons.            As the participants have to make necessary changes in their Software, the effective date of this circular is September 1 st , 2016.           It may be noted that the ‘Beneficiary Name’, is an Optional field and the Sponsor Bank may choose NOT to incorporate the Beneficiary Name in the input field.                NPCI has observed that few banks are mapping the return records of ‘Aadhaar not mapped to the account number’, to ‘Account Description Does Not Tally’. This was leading to unnecessary confusion and customer complaints.      ...
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RBI, Deposit Insurance, and the Quiet End of Flat Pricing

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  How RBI and DICGC Are Repricing Deposit Insurance Risk   RBI has approved a risk -based premium framework for deposit insurance from April 1, 2026, linking premiums to bank risk and long-term stability.   When RBI Lets Deposit Insurance Price Behaviour India’s Risk -Based Premium Framework Explained Deposit insurance is designed to be boring. It works best when no one notices it — when confidence is steady and the system hums quietly in the background. Yet, every once in a while, a regulatory change reshapes incentives so subtly that it deserves attention — not for what it announces, but for what it changes over time. On February 6, 2026, the Reserve Bank of India, through the Deposit Insurance and Credit Guarantee Corporation (DICGC), notified the implementation of a Risk-Based Premium (RBP) Framework for deposit insurance. From April 1, 2026, deposit insurance premiums will no longer be flat. They will begin to reflect how banks manage risk — and how long they...
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