SBI Probationary Officer prelims exam admit card released. Direct link here
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
24 minutes ago
- Economic Times
From UPI, FASTag to KYC rules: Here's what changes for consumers this August
August 1 New Rules: India is set for financial updates from August 1, 2025. NPCI will implement new UPI transaction rules. SBI will discontinue air accident insurance on some credit cards. PNB customers need to update KYC details by August 8. Fuel prices may be revised. RBI will extend money market trading hours. A FASTag annual pass will be available from August 15. Tired of too many ads? Remove Ads UPI new rules August 1 Tired of too many ads? Remove Ads SBI to discontinue air accident insurance on some cards PNB KYC update deadline set for August 8 LPG, CNG, and ATF prices revision RBI extends trading hours in phased rollout Tired of too many ads? Remove Ads FASTag annual pass to be available from August 15 Starting today, August 1 , 2025, several key financial changes will take effect across India, impacting digital payments, banking, and toll transactions. The National Payments Corporation of India (NPCI) is rolling out new UPI transaction rules to enhance system efficiency, while the State Bank of India (SBI) is discontinuing complimentary air accident insurance on select credit cards. Punjab National Bank (PNB) has set a deadline for customers to update their KYC, and the Reserve Bank of India (RBI) is extending trading hours in money markets. Additionally, fuel prices are due for review, and a new FASTag annual pass will be introduced for private vehicle National Payments Corporation of India (NPCI) will implement a new set of rules for Unified Payments Interface (UPI) transactions starting August 1, 2025. These changes aim to improve transaction speed and reduce load during peak hours. The NPCI issued a circular in April outlining these adjustments, which will affect users, banks, and payment service providers such as Google Pay, PhonePe, and to the circular, users can perform a maximum of 50 balance checks per day per UPI app. This means that someone using multiple apps can check balances 50 times on each. However, users are advised not to check balances during peak transactions will only be processed outside peak hours: before 10:00 am, between 1:00 pm and 5:00 pm, and after 9:30 number of times a user can check the status of a transaction will be limited to three, with a minimum gap of 90 seconds between can check linked accounts only 25 times a day per app. Also, the bank name of the recipient will now be displayed before confirming a payment to help reduce errors and State Bank of India (SBI) has announced that it will remove the complimentary air accident insurance cover from many co-branded credit its official notification, the bank stated, 'Complimentary air accident insurance coverage of Rs 1 Cr currently offered on your UCO Bank SBI Card ELITE, Central Bank of India SBI Card ELITE, PSB SBI Card ELITE, KVB SBI Card ELITE, KVB SBI Signature Card, and Allahabad Bank SBI Card ELITE will be discontinued.'The notification added that 'Complimentary air accident insurance coverage of Rs 50 Lakh currently offered on your UCO Bank SBI Card PRIME, Central Bank of India SBI Card PRIME, PSB SBI Card PRIME, KVB SBI Card PRIME, Karur Vysya Bank SBI Platinum Credit Card, South Indian Bank SBI Card PRIME, South Indian Bank SBI Platinum Credit Card, Karnataka Bank SBI Card PRIME, Karnataka Bank SBI Platinum Credit Card, City Union Bank SBI Card PRIME, Allahabad Bank SBI Card PRIME, UBI SBI PLATINUM Credit Card, OBC SBI VISA PLATINUM Card, Federal Bank SBI Platinum Credit Card, BOM SBI PLATINUM Credit Card will be discontinued.'Punjab National Bank (PNB) has requested customers to update their Know Your Customer (KYC) details by August 8, 2025. This update applies to customers whose KYC was pending as of June 30, a press release, the bank said the update is in line with the Reserve Bank of India's guidelines and will ensure smooth operation of customers' companies reduced the price of 19 kg commercial LPG cylinders by Rs 33.50 effective August 1, however, prices of 14.2 kg domestic cylinders remain unchanged. Prices of compressed natural gas (CNG), piped natural gas (PNG), and aviation turbine fuel (ATF) may also be revised on August 1, 2025. These prices are reviewed monthly by the authorities, and adjustments are made based on market Reserve Bank of India (RBI) is expanding trading hours in the money markets in two July 1, 2025, the call money market is open from 9:00 am to 7:00 pm. Starting August 1, 2025, market repo and Tri-Party Repo (TREPs) trading hours will be extended until 4:00 pm, with new timings from 9:00 am to 4:00 Ministry of Road Transport & Highways will introduce a FASTag annual pass from August 15, 2025. The pass will cost Rs 3,000 and allow up to 200 toll transactions or remain valid for one year, whichever is pass is optional. The current FASTag system will remain in place for users who do not opt for the new annual plan. Those interested can activate the annual pass through their existing FASTag account.
Time of India
24 minutes ago
- Time of India
From UPI, FASTag to KYC rules: Here's what changes for consumers this August
August 1 New Rules: India is set for financial updates from August 1, 2025. NPCI will implement new UPI transaction rules. SBI will discontinue air accident insurance on some credit cards. PNB customers need to update KYC details by August 8. Fuel prices may be revised. RBI will extend money market trading hours. A FASTag annual pass will be available from August 15. Tired of too many ads? Remove Ads UPI new rules August 1 Tired of too many ads? Remove Ads SBI to discontinue air accident insurance on some cards PNB KYC update deadline set for August 8 LPG, CNG, and ATF prices revision RBI extends trading hours in phased rollout Tired of too many ads? Remove Ads FASTag annual pass to be available from August 15 Starting today, August 1 , 2025, several key financial changes will take effect across India, impacting digital payments, banking, and toll transactions. The National Payments Corporation of India (NPCI) is rolling out new UPI transaction rules to enhance system efficiency, while the State Bank of India (SBI) is discontinuing complimentary air accident insurance on select credit cards. Punjab National Bank (PNB) has set a deadline for customers to update their KYC, and the Reserve Bank of India (RBI) is extending trading hours in money markets. Additionally, fuel prices are due for review, and a new FASTag annual pass will be introduced for private vehicle National Payments Corporation of India (NPCI) will implement a new set of rules for Unified Payments Interface (UPI) transactions starting August 1, 2025. These changes aim to improve transaction speed and reduce load during peak hours. The NPCI issued a circular in April outlining these adjustments, which will affect users, banks, and payment service providers such as Google Pay, PhonePe, and to the circular, users can perform a maximum of 50 balance checks per day per UPI app. This means that someone using multiple apps can check balances 50 times on each. However, users are advised not to check balances during peak transactions will only be processed outside peak hours: before 10:00 am, between 1:00 pm and 5:00 pm, and after 9:30 number of times a user can check the status of a transaction will be limited to three, with a minimum gap of 90 seconds between can check linked accounts only 25 times a day per app. Also, the bank name of the recipient will now be displayed before confirming a payment to help reduce errors and State Bank of India (SBI) has announced that it will remove the complimentary air accident insurance cover from many co-branded credit its official notification, the bank stated, 'Complimentary air accident insurance coverage of Rs 1 Cr currently offered on your UCO Bank SBI Card ELITE, Central Bank of India SBI Card ELITE, PSB SBI Card ELITE, KVB SBI Card ELITE, KVB SBI Signature Card, and Allahabad Bank SBI Card ELITE will be discontinued.'The notification added that 'Complimentary air accident insurance coverage of Rs 50 Lakh currently offered on your UCO Bank SBI Card PRIME, Central Bank of India SBI Card PRIME, PSB SBI Card PRIME, KVB SBI Card PRIME, Karur Vysya Bank SBI Platinum Credit Card, South Indian Bank SBI Card PRIME, South Indian Bank SBI Platinum Credit Card, Karnataka Bank SBI Card PRIME, Karnataka Bank SBI Platinum Credit Card, City Union Bank SBI Card PRIME, Allahabad Bank SBI Card PRIME, UBI SBI PLATINUM Credit Card, OBC SBI VISA PLATINUM Card, Federal Bank SBI Platinum Credit Card, BOM SBI PLATINUM Credit Card will be discontinued.'Punjab National Bank (PNB) has requested customers to update their Know Your Customer (KYC) details by August 8, 2025. This update applies to customers whose KYC was pending as of June 30, a press release, the bank said the update is in line with the Reserve Bank of India's guidelines and will ensure smooth operation of customers' companies reduced the price of 19 kg commercial LPG cylinders by Rs 33.50 effective August 1, however, prices of 14.2 kg domestic cylinders remain unchanged. Prices of compressed natural gas (CNG), piped natural gas (PNG), and aviation turbine fuel (ATF) may also be revised on August 1, 2025. These prices are reviewed monthly by the authorities, and adjustments are made based on market Reserve Bank of India (RBI) is expanding trading hours in the money markets in two July 1, 2025, the call money market is open from 9:00 am to 7:00 pm. Starting August 1, 2025, market repo and Tri-Party Repo (TREPs) trading hours will be extended until 4:00 pm, with new timings from 9:00 am to 4:00 Ministry of Road Transport & Highways will introduce a FASTag annual pass from August 15, 2025. The pass will cost Rs 3,000 and allow up to 200 toll transactions or remain valid for one year, whichever is pass is optional. The current FASTag system will remain in place for users who do not opt for the new annual plan. Those interested can activate the annual pass through their existing FASTag account.
Time of India
an hour ago
- Time of India
SBI Life Share Price Live Updates: SBI Life's Volume Indicates Strong Market Engagement
01 Aug 2025 | 09:20:35 AM IST Stay informed with the SBI Life Stock Liveblog, your comprehensive resource for real-time updates and in-depth analysis of a leading stock. Get the latest details on SBI Life, including: Last traded price 1827.9, Market capitalization: 184502.81, Volume: 14042, Price-to-earnings ratio 74.15, Earnings per share 24.82. Our liveblog combines fundamental and technical insights to provide a holistic view of SBI Life's performance. Stay ahead of the market with breaking news that can influence SBI Life's trajectory. Our expert analysis and stock recommendations empower you to make well-informed financial decisions. Trust the SBI Life Stock Liveblog for up-to-date information and expert insights. The data points are updated as on 09:20:34 AM IST, 01 Aug 2025 Show more
