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  2. Electronic Money Institution - Wikipedia

    en.wikipedia.org/wiki/Electronic_Money_Institution

    In the European Union, an Electronic Money Institution can be licensed in any country member but can act and provide services in all EU and EEA countries. [6] The legal basis for e-money issuance in the European Union is covered by EU Directive 2009/110/EC, on the taking up, pursuit and prudential supervision of the business of electronic money institutions establishes, issued by the European ...

  3. HDFC Bank - Wikipedia

    en.wikipedia.org/wiki/HDFC_Bank

    On 4 April 2022, HDFC Ltd announced that it would merge with HDFC Bank, marking India's largest-ever M&A deal. [24] [25] As part of the merger, HDFC Ltd would transfer its home loan portfolio to HDFC Bank, while the bank offered depositors of HDFC Ltd the choice of either withdrawing their money or renewing their deposits with the bank at the interest rate that the bank was then offering.

  4. Credit card - Wikipedia

    en.wikipedia.org/wiki/Credit_card

    This is an accepted version of this page This is the latest accepted revision, reviewed on 10 December 2024. Card for financial transactions on credit This article has multiple issues. Please help improve it or discuss these issues on the talk page. (Learn how and when to remove these messages) This article needs additional citations for verification. Please help improve this article by adding ...

  5. ET Money - Wikipedia

    en.wikipedia.org/wiki/ET_Money

    ET Money is an Indian fintech and wealth management platform which was founded in 2015 . [2] It offers a variety of financial products and services, including mutual funds, insurance, fixed deposits, NPS and SIPs. [3]

  6. Equated monthly installment - Wikipedia

    en.wikipedia.org/wiki/Equated_Monthly_Installment

    The formula for EMI (in arrears) is: [2] = (+) or, equivalently, = (+) (+) Where: P is the principal amount borrowed, A is the periodic amortization payment, r is the annual interest rate divided by 100 (annual interest rate also divided by 12 in case of monthly installments), and n is the total number of payments (for a 30-year loan with monthly payments n = 30 × 12 = 360).

  7. Unified Payments Interface - Wikipedia

    en.wikipedia.org/wiki/Unified_Payments_Interface

    RBI on 6 April 2023 proposed allowing credit on UPI through pre-approved bank lines which would help customers reduce their dependence on credit cards. [42] [43] On its point-of-sale devices, Razorpay introduced a quick refund feature for UPI in 2024. Compared to the industry average of five to six business days, the reimbursement will be ...

  8. Credit card interest - Wikipedia

    en.wikipedia.org/wiki/Credit_card_interest

    Many credit card issuers give a rate that is based upon an economic indicator published by a respected journal. For example, most banks in the U.S. offer credit cards based upon the lowest U.S. prime rate as published in the Wall Street Journal on the previous business day to the start of the calendar month. For example, a rate given as 9.99% ...

  9. BHIM - Wikipedia

    en.wikipedia.org/wiki/BHIM

    As per NPCI, some of the early use cases involve FASTag recharges, insurance payments, and EMI collections offline. Canara Bank, HDFC Bank, Indian Bank, Kotak Mahindra Bank, Punjab National Bank, State Bank of India, Union Bank of India and Utkarsh Small Finance Bank enabled UPI Lite feature on BHIM. [11]