Gift Cards

Markets regulator Sebi on Tuesday proposed introducing gift cards or gift prepaid payment instruments (PPIs) for investments in mutual funds to improve financial inclusion through onboarding of new investors in the space. Under the proposal, the purchaser of Gift PPI can gift the prepaid payment instrument to a recipient, who can then use the instrument to subscribe to mutual fund units, Sebi said in its consultation paper. These PPIs will be funded only through electronic bank transfer or UPI from an Indian bank account with a validity period of one year from date of issuance. Sebi suggested a cap of Rs 50,000 per investor per financial year for investments made through gift PPIs. "The RTAs, on behalf of AMCs will track how much each investor has invested per AMC per financial year through Gift PPI, e-wallets and cash. If the transaction resulting from a Gift PPI redemption crosses Rs 50,000, the RTA will reject the transaction, and the PPI face value will be refunded to the issue

Gift card scams are increasingly becoming a popular method for fraudsters

Diwali is always a special occasion for both companies and their employees. Here are the top 6 budget-friendly gifts to share this Diwali

This partnership comes nearly three weeks after Google announced the launch of its digital wallet application in India

Two years of pandemic gloom appear over as e-commerce websites and malls report people splurging and bring them business

Gifts from employer become taxable once their value exceeds Rs 5,000; bonus is also taxable

Growing preference for a pre-loaded piece of plastic is forcing retailers to rethink the way they brand gift cards

Issuance of physical and digital gift cards up 150% to over 50 million

The survey noted that sales of gift cards increased almost 20 times in financial year 2015-16

You can choose the type, make different kinds of transactions and even sell them