Credit Card Base

Private sector lender, Axis Bank has signed an agreement with two third party service providers in what is referred to as the largest ATM outsourcing deal. The bank plans to increase the number of ATMs in its kitty to more than 9000 in the upcoming 18 months.

The contracts have been signed with Prizm Payment Services and AGS Infotech. The companies would be responsible for setting up and managing 5000 ATMs on a purely variable model, a person knowing the ongoings of the deal said.

As on March 31, 2010 the ATM count of Axis Bank has been 4,293. As per the contract, Prizm will set up 3,500 ATMs while AGS Infotech will set up 1,500 ATMs.

There will not be any capital expenditure on the part of the bank owing to the outsourced nature of the deal. The bank would have responsbility only to the extent of cash settlement and would pay the service providers fees on a per transaction basis.

The fee amount has been decided to be Rs 13-15 for every cash withdrawal and Rs.

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Fake notes are increasing in number in whole of the country. Fake notes amounting to crores of rupees have been seized by law enforcement agencies in Kolkata in the past few years. Many fraudsters have also been nabbed in this regard.

According to records from police authorities, fake notes worth more than Rs. 100 crores are still in circulation in Kolkata and its neighboring areas.

Police has recently seized fake notes worth Rs. 1.8 crore.

Forty four people have been arrested in this regard. It is suspected that ISI personnel in Pakistan are the main operatives of this racket.

Fake notes put the beholder for a financial loss. The general public thus has to be on constant vigil. If a person receives fake notes, he should immediately deposit it at the nearest bank or police station. If a fake note comes out of the ATM, it should be immediately reported to the nearest bank branch giving all details of the transaction.

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The number of credit card holders has shown a decline as per reports generated in March. The number has dipped below the 20 million mark and now stands at 18.3 million.

The report confirming this decline has been released by the Reserve Bank of India. The last fiscal saw a massive chunk of 6.04 million cards walking out of circulation. This figure is exclusive of the nearly 3.61 million credit cards that were cancelled in 2008-09.

The economic slowdown had brought tremendous affect on unsecured portfolios like credit cards and personal loans. The largest credit card lender of the country, ICICI Bank diminished its credit card base from 8 million to 5 million as of now. The bank also stopped giving life time credit cards.

However, banks like HDFC still bring out 70-80,000 cards every month.

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With all of the cash back opportunities available today on both everyday purchases as well specialty purchases, there is no better time to use a cash back card if you are choosing to use plastic. One just needs to remember that while having a cash back credit card can be very rewarding, there are also things that one must look for when getting ready to apply for one.

While researching cash back cards can seem confusing with all the offers available, this does not have to be the case. In an article entitled “How to Find the Best Cash Back Credit Cards”, there are a couple of points that can help ensure you have the right card in your wallet. Be

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Jet Airways has declared a tie up with SBI Card wherein customers would now be able to book airline tickets through their portal using the card option.

SBI Card comes as a joint venture by State Bank of India, the country’s largest lender and GE Capital.

As per the offer, SBI credit card holders would be able to select an option which would enable them to convert their ticket purchases done through the company’s portal into a 0% EMI having a tenor of 6 months.

According to Jet Airways Chief Commercial Officer, Sudheer Raghavan, this tie up comes as yet another addition in the travel category of cards which facilitates economical and cost effective air travel for families.

“This scheme will help a family to undertake visits to tourist spots and encourage domestic tourism,” Raghavan said.

“We are delighted to partner with Jet Airways and offer SBI Cardholders an affordable travel option.

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Students have the privilege to get approved for an unsecured credit card despite not having credit history. For this reason, financial advisors recommend applying for your credit card while you are a student. Today, let’s discuss some tips on how to you can find the right student credit card:

Credit Card Features – Rates, Fees and Conditions
Check the terms and conditions before submitting your application. Understand how the interest rate is calculated. Keep in mind that credit cards with variable rates are subject to increase depending on the Prime Rate. How much is the penalty fee, the annual fee, balance transfer fees and other finance charges?

Once you submit your credit card application and gets approved, you are subject to abide by the Terms and Conditions of your chosen credit card company. Hen

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If you move abroad even temporarily, British Embassies around the world say you should register your presence overseas with them.  The argument being, if there is an emergency wherever you are, they can contact you and potentially help you.

However, you are not legally obliged to register – that would be a massive infringement on your human rights I’m sure – so, should you register with your embassy when you’re living abroad?  Are there times when it makes sense to do so – or are you better off staying well and truly off the radar, after all, what right has your old government got to know your whereabouts?

We’re going to look at the pros and cons of registering your presence abroad with your country of domicile’s embassy and allow you to decide whether you think it would be an advantageous step for you to take, or a complete and potentially intrusive waste of time.

The arg

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