The mobile payment service is available to consumers in Gurgaon, and will be soon go live in Delhi, Faridabad and Noida
Leading the way in mobile financial inclusion, Union Bank of India and Nokia has launched 'Union Bank Money powered by Nokia' service across India, starting with the National Capital Region. The service is already available to consumers in Gurgaon, and will be soon go live in Delhi, Faridabad and Noida. This will be followed by a nationwide roll-out over the next few months.
The service specifically targets users, who do not have a bank account, by providing access to financial services through their mobile phones and driving financial inclusion. The service will enable consumers to transfer money to other individuals, withdraw cash from business correspondents cash-out outlets (registered Nokia stores) and ATMs, pay utility bills as well as recharge prepaid SIM cards (top-ups) by using their mobile devices, eliminating the need for intermediaries and delivering true convenience.
On Friday, Union Bank ended 1.39% down at Rs332.60 on the Bombay Stock Exchange, while the benchmark Sensex declined 1.49% to 17,878.81.
Tata Mutual Fund new issue closes on 23rd March
Tata Mutual Fund has launched Tata Fixed Maturity Plan-Series 31 Scheme C, a close-ended income scheme.
The investment objective of the scheme is to generate income and/or capital appreciation by investing in wide range of debt and money market instruments having maturity in line with the maturity of the scheme. The maturity of all investments shall be equal to or less than the maturity of the scheme.
The new issue closes on 23rd March. The minimum investment amount is Rs10,000.
Religare Mutual Fund new issue closes on 21st March
Religare Mutual Fund has launched Religare Fixed Maturity Plan-Series VI-Plan A to F-Plan D (370 Days), a close-ended income scheme.
The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments maturing on or before the date of maturity of the scheme.
The new issue closes on 21st March. The minimum investment amount is Rs5,000.