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  RBI increases UPI transaction limit for tax payments to Rs 5 lakh

  Business | August 08, 2024 11:10 IST

  RBI Governor Shaktikanta Das also proposed creating a public repository of digital lending apps to curb unauthorized players and expressed concerns over the rising disbursals of top-up home loans.

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  UPI merchant transactions above Rs 2,000 via PPIs to attract 1.1% fee: NPCI issues new rules

  Business | March 29, 2023 17:43 IST

  UPI transaction charges: In order to boost revenue for banks and payment service providers, the NPCI has proposed an interchange fee of up to 1.1%.

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  NPCI revises merchant discount rates for BHIM UPI transactions

  Business | August 30, 2019 23:31 IST

  The National Payments Corporation of India (NPCI) has rationalised merchant discount rates for BHIM UPI transactions to promote digital payments.  Merchant discount rates (MDR) for large ticket transactions has been capped at maximum Rs 100 and made zero at offline merchants for transaction up to Rs 100, a statement said on Friday.

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  Banks begin charging Rs 150 beyond four cash transactions

  March 02, 2017 11:32 IST

  Banks including HDFC Bank, ICICI Bank and Axis Bank on Wednesday began charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month. The charges

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  Arun Jaitley says debit card charges may decline further

  February 08, 2017 7:16 IST

  With a view to promote digital transactions, the Reserve Bank of India (RBI) is working to reduce the Marginal Discount Charges (MDR) for debit card transactions above Rs 2,000, Parliament was told on Tuesday.

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  RBI moots waiving bank transaction charges, lowering interest rate on credit cards

  February 04, 2017 15:39 IST

  In a bid to promote cashless transactions in the country, the Reserve bank of India (RBI) has given banks the freedom to fix bank service charges for transactions, Minister of State for Finance Santosh Kumar Gangwar said on Friday.

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  BHIM downloaded 3 million times, over 500,000 transactions made: Amitabh Kant

  January 03, 2017 10:41 IST

  Indigenous digital payments app BHIM has been downloaded 3 million times and enabled over 5 lakh transactions since its launch, Niti Aayog CEO Amitabh Kant has said.

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  Paytm goes ‘net-less’, users no longer need internet connection to transact

  December 07, 2016 17:20 IST

  Leading Indian e-wallet firm Paytm today announced that it has expanded its reach to non-internet users by launching a toll free number – 1800-1800-1234 to pay and receive money instantly and also recharge their mobile

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  Your 12-digit Aadhar number could soon replace all credit, debit card transactions

  December 01, 2016 18:55 IST

  In a view to empower a greater push towards a cashless economy, the Unique Identification Authority of India (UIDAI) has planned to increase biometric authentication limit through Aadhaar to 40 crore a day from the

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  PAN mandatory for cash transactions above Rs 2 lakh, opening bank accounts

  December 15, 2015 21:00 IST

  New Delhi: In a bid to check generation of domestic black money, the government will soon issue a notification making quoting of PAN mandatory for all cash transactions beyond Rs 2 lakh, Finance Minister Arun

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  ED Notices To BCCI, Modi Over Transaction With IMG

  Cricket | July 22, 2011 18:03 IST

  Mumbai, Jul 22: The Enforcement Directorate (ED) today issued notices to the BCCI and suspended Indian Premier League chairman Lalit Modi in connection with an alleged dubious transaction of Rs 90 crore with International Management

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