Ashavmedh Singh

Loan defaults don’t all happen for the same reason. Sometimes repayments stop because income drops or a business struggles. In other cases, borrowers continue to have the means to pay but choose not to. RBI treats these two situations very differently. 
'Wilful defaulter' is used only for deliberate non-payment, and the classification tends to persist for some time.
 

Have you ever paid someone via UPI, but the receiver didn't get the money? Or has someone ever said they paid you via UPI, but it didn’t reflect in your bank statement? Yes, these are some common UPI scam techniques these days.
The UPI payment system is doing better than ever, with its transaction failure rate below 1%. Yet, some users fall prey to such purported UPI issues due to a lack of awareness. 
Here’s the thing: A UPI app has everything one needs, not just to send and receive money but to keep themselves protected against fraud. Let's discuss one such element, the UPI reference number, and explain how you can use it to dodge scams.
 

Sometimes it can be difficult to understand how banks handle your money, particularly when you come across extremely technical terminology like Statutory Liquidity Ratio (SLR) and Cash Reserve Ratio (CRR).

You probably use digital payments so often now that it feels almost automatic. A UPI address is one of the reasons that experience feels so smooth. It works as your personal digital payment identity and lets you send or receive money in seconds.  

When you look at IMPS vs NEFT vs RTGS vs UPI, UPI stands out because it runs around the clock and fits easily into everyday life. The system now handles over 20 billion transactions every month, showing how deeply people trust it. 

Most of us pay utility bills every month for things like electricity, water, gas, and internet. They usually get paid on time and then forgotten, even though they take up a noticeable part of monthly expenses.

Ever found yourself stuck while doing a UPI payment due to a low account balance?

Well, not anymore. Here is the good news! The National Payments Corporation of India (NPCI) has recently come up with a super handy feature called UPI Now Pay Later or Pre-approved Credit Lines through UPI. 

The way we make payments has changed dramatically over the past few years. Initially, we used cash, and this was not an easy experience for anyone who hated doing mental math.

Then came the switch to plastic money, i.e, your debit and credit cards. A significant upgrade, but still involved the faff of pulling the right card out of a slot, which barely had space for your fingers to fit into

The Unified Payments Interface (UPI) has transformed the way India transacts, making digital payments faster, simpler, and more accessible than ever. 

Imagine you have savings in two banks. One for salary, another for side income. Wouldn’t it be handy if you could manage both using the same UPI setup? Good news: many UPI apps today let you link multiple bank accounts under a single mobile number. That means smoother money flow and easier fund management.