Many credit card holders have been found to use sharp tactics to earn faster rewards points. This has prompted banks to exclude categories such as utility bill, insurance and rent payments from their reward-earning lists.
Government today extended use of old Rs 500 and Rs 1,000 notes for paying household utility bills, fuel, taxes and fees as well as purchases from co-operative stores by another 72 hours to November 14 as it struggles to make available alternative currency.
ATMs are becoming more powerful than before and banks are consciously driving its usages with the concept of branchless banking.