Applications
No more extensions on CAFs, expect phased switch-offs
MUMBAI: The Telecom Regulatory Authority of India (TRAI) has put its foot down this time on the issue of non collection of customer application forms (CAFs). The decision taken by the regulator is: no more extensions for CAFs in the DAS areas of Mumbai and New Delhi.
As is known, the meeting between TRAI and leading MSOs was scheduled today. And Indiantelevision.com learns that the regulator has mandated the switch-off of all the non-complying customers.
“We will be complying with the law of the land” says Hathway Cable CEO Jagdish Kumar. “Starting tomorrow we plan to downgrade all those subscribers who haven‘t submitted the forms. We will only be providing them with free-to-air channels till 15 July and post that we will be disconnecting those who don‘t send in their forms even after that warning completely by switching off their service.”
The cat and mouse game between the regulator and leading MSOs has finally come to an end. The final decision is: no slack from the local cable operators and customers would be entertained anymore. There is a grace period of five days that the LCOs have to make the final round of collections, post which the switch-offs would commence.
DEN Networks COO MG Azhar says: “We have collected 86 per cent CAFs in Delhi, but starting tomorrow we will be downgrading the non-complying customers to base packs.”
The phased switch-offs begin from tomorrow. Apparently, digitisation‘s progress cannot be stalled any further.
Applications
JioFinance rolls out multi-bank fixed deposit platform
Users can compare, invest and track fixed deposits across issuers in one place
MUMBAI: The JioFinance app has launched a unified platform allowing users to compare, invest in and track fixed deposits offered by multiple banks and non-banking financial companies, sharpening its push to become a one-stop destination for digital financial services.
The new feature aggregates fixed deposits from a range of issuers, including small finance banks and NBFCs, enabling customers to filter options by interest rate and tenure and complete the entire investment journey digitally.
Interest rates on the platform go up to 8.15 per cent per annum, with users able to view tenure, tax treatment, lock-in conditions and premature withdrawal terms before investing. Once booked, deposits can be monitored through a consolidated dashboard that tracks returns, maturity dates and renewal reminders.
Jio Finance Platform and Service Limited chief executive officer Surbhe S Sharma, said the offering addresses a long-standing pain point for savers, who often struggle to compare issuers and manage deposits spread across institutions.
Fixed deposits remain one of India’s most popular savings products, and the company is betting that transparency and ease of use will draw users seeking stable, low-risk returns.
The FD marketplace on the JioFinance app is powered by Blostem Fintech Private Limited, which operates as a business correspondent and technical service provider to partner banks and NBFCs.
