No CVV for payments on tokenised cards. Is your money safe?

[ad_1] The bank’s response was, however, not satisfactory. He was told that the CVV or card verification value wasn’t validated because his card was tokenised. As per the card network’s guidelines, CVV–a three-digit number given on the back of debit and credit cards–is no longer required to validate tokenised card payments, the bank said. Card…

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War for deposits: Banks’ biggest headache now coming for investors?

[ad_1] Now the biggest culprit behind Bank Nifty’s underperformance has been its largest constituent by weightage—HDFC Bank. But even beyond this behemoth, Indian banks are currently grappling with some considerable systemic challenges, all of which were evident in their recent results. Dial D for Deposits When the country’s largest private sector bank as well as…

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FD interest rates: Top 5 banks offer over 7% annually on fixed deposits; check tenures here

[ad_1] Before opening a fixed deposit (FD) account, it is natural for depositors to compare the interest rates offered by different banks, as a result of which, the lenders that offer a higher rate of interest are preferred over others. It is noteworthy that Punjab National Bank and Bank of India recently revised their fixed deposit interest rates….

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