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Surabhi Mumbai | Updated on × Of the total auto debit transactions of 8.57 crore in May this year, 3.08 crore were returned Hit by the second wave of the Covid-19 pandemic and lockdowns, stress amongst borrowers seems to be on the rise, though it is lower than what was seen in the first surge of the pandemic. Data captured by the National Payments Corporation of India from its National Automated Clearing House (NACH) platform reveals that the number of unsuccessful auto debit requests increased for a second straight month in May. Of the total auto debit transactions of 8.57 crore in May this year, 5.49 crore transactions were successful while 3.08 crore were returned. This reflects a return or bounce rate of 35.91 per cent in May compared to 34.05 per cent in April this year. ....
Customers are eligible for five free transactions (inclusive of financial and non-financial transactions) every month from their own bank ATMs. They are also eligible for free transactions (inclusive of financial and non-financial transactions) from other bank ATMs viz. three transactions in metro centres and five transactions in non-metro centres. Beyond the free transactions, the ceiling/cap on customer charges is Rs 20 per transaction. ....
New York Giants Agree to Terms with WR Kadarius Toney The Giants now have all of their 2021 draft class under contract ahead of the team s mandatory minicamp next week. Author: Jun 3, 2021 Rookie wide receiver Kadarius Toney, the New York Giants first-round pick in this year s draft, has agreed to terms, according to the NFL Network s Tom Pelissero. Toney s four-year, $13.719 million includes an estimated $7.3376 million signing bonus. According to Over the Cap, Toney will count for $2.494 million against this year s salary cap. Toney, who showed up for the rookie minicamp last month, was not a participant during the Giants first week of OTAs, has absence believed to be related to his unresolved contract situation. ....
Representative image BHUBANESWAR: The Covid-induced lockdown and more use of online platforms for purchase of essentials and other commodities during the difficult times have prompted cyber criminals to strike with impunity. At least 256 people were duped of nearly Rs 70.78 lakh by unknown cyber criminals in the capital city during the lockdown 1.0 and 2.0 in May this year. The cyber help desk (7440006709) of the commissionerate police had received complaints from the 256 people last month. We found that most of the complainants lost their money while placing online orders, either food, liquor, household articles and home appliances. Altogether 63 people lost their money through UPI fraud and 48 people were cheated while making transactions through debit and credit cards. Our help desk personnel promptly intervened and recovered around Rs 12 lakh, deputy commissioner of police Uma Shankar Dash said. ....
Photo Credit: IANS IANSLive New Delhi, June 2 (IANS) Fintech giant Paytms parent company One97 Communications Limited is headed for a $3 billion initial public offering (IPO), the highest ever market debut in India, and while the market leader has established its presence across a plethora of businesses, its competitors are only now exploring an expansion into other services.