Tag: UPI transactions

No proposal to levy charges on UPI transactions: RBI Governor Malhotra

No proposal to levy charges on UPI transactions: RBI Governor Malhotra

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Reserve Bank of India Governor Sanjay Malhotra during a press conference in Mumbai, Maharashtra, on October 1, 2025 | Photo Credit: RBI Reserve Bank Governor Sanjay Malhotra on Wednesday (October 1, 2025) said there is no proposal to levy any charge on UPI transactions. RBI MPC meeting LIVE The Governor also said the central bank […]

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Paytm introduces Total Balance Check feature for UPI-linked bank accounts: Here’s how to use it

Paytm introduces Total Balance Check feature for UPI-linked bank accounts: Here’s how to use it

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Popular payments and financial services platform Paytm, on Wednesday, June 25, introduced a new Total Balance Check feature for UPI-Linked Bank Accounts. The latest feature allows the user to check both their individual and total bank balances for accounts linked on Paytm via UPI at one place  While users had to previously check each account’s […]

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PPI Wallet transactions of over ₹2,000 on UPI to attract 1.1% charge from April 1, 2023

PPI Wallet transactions of over ₹2,000 on UPI to attract 1.1% charge from April 1, 2023

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Image used for representational purpose only. | Photo Credit: Kamal Narang Starting April 1, merchant transactions exceeding ₹2,000 in value done using Prepaid Payment Instruments (PPI Wallets) on UPI will attract an interchange charge of 1.1%. However, “the new interchange charges are only applicable for the PPI merchant transactions and there is no charge to customers,” […]

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Data | Automation crushes bank hirings for clerical jobs, officers unaffected

Data | Automation crushes bank hirings for clerical jobs, officers unaffected

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ATM usage, mobile and online transactions, and fewer new bank branches have led to reduced recruitment ATM usage, mobile and online transactions, and fewer new bank branches have led to reduced recruitment On Wednesday, Business Standard reported that the Union Finance Ministry had asked the heads of public sector banks (PSBs) for a plan to […]

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