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Source: Live Mint Governor Shaktikanta Das announced today that the Reserve Bank of India (RBI) has kept its key interest rate unchanged for the tenth consecutive time. The per-transaction limit for UPI 1 2 3 Pay has been increased to ₹10,000 from ₹5,000. Additionally, the UPI Lite wallet limit has been raised from ₹2,000 to…
Source: Business Standard 3 min read Last Updated : Oct 03 2024 | 9:48 AM IST Market regulator Securities and Exchange Board of India (Sebi) has introduced new requirements for qualified stock brokers (QSBs) to offer either a UPI-based block mechanism or a three-in-one trading account facility to their clients from 1 February, 2025….
Source: Business Standard The NPIL, carved out of the NPCI to promote the adoption of India’s payment systems overseas. (Photo: Shutterstock) 1 min read Last Updated : Sep 27 2024 | 12:40 PM IST The overseas arm of India’s National Payments Corporation of India (NPCI) will build a digital payments system for Trinidad and…
Source: Business Standard 2 min read Last Updated : Sep 26 2024 | 5:44 PM IST The National Payments Corporation of India (NPCI) has announced changes to the UPI Autopay framework. Effective immediately, auto-replenishment of NETC FASTag and RuPay National Common Mobility Card (NCMC) will no longer require the standard 24-hour pre-debit notification. …
Source: Live Mint Capital markets regulator Securities and Exchange Board of India (Sebi) has directed that all individual investors applying for public issues of debt securities through intermediaries for amounts up to ₹5 lakh should only use UPI for blocking the required funds. The investors should provide a bank account-linked UPI ID in the bid-cum-application…
Source: Business Standard SEBI(Photo: Shutterstock) 3 min read Last Updated : Sep 25 2024 | 9:30 AM IST The Securities and Exchange Board of India (SEBI) has introduced new guidelines to streamline the application process for public issues of debt securities. Retail investors applying for public issues of debt securities through stock brokers for…
Source: Business Standard 2 min read Last Updated : Sep 24 2024 | 8:24 PM IST To streamline the application process for public issues of debt securities, markets regulator Sebi on Tuesday asked individual investors applying for amounts up to Rs 5 lakh through intermediaries to use only UPI to block funds. Further,…
Source: Business Standard UPI | (Photo: Shutterstock) 2 min read Last Updated : Sep 24 2024 | 6:11 PM IST India is in talks with countries in Africa and South America to help them build a digital payments system using its homegrown Unified Payments Interface (UPI) as a blueprint and expects two launches by…
Source: Business Standard The questions regarding transaction fee on UPI received 15,598 responses (Photo: Shutterstock) 2 min read Last Updated : Sep 22 2024 | 12:08 PM IST Around 75 per cent UPI users will stop using it if any transaction charge is levied on the service, a survey by Localcircles said on Sunday….
Source: Business Standard 2 min read Last Updated : Sep 16 2024 | 1:55 PM IST A new feature called UPI Interoperable Cash Deposit (UPI-ICD) is changing the way you deposit cash at ATMs. This innovative service allows you to deposit cash into your bank account using any UPI app, eliminating the need for…
