BusinessAI imageCentre Bans Charges on UPI Transactions Up to Rs 2,000 and RuPay Debit Cards
The Indian government has prohibited banks from levying charges on UPI transactions up to Rs 2,000 and on RuPay debit card transactions. Payments above this limit may incur fees under a new merchant fee regime. This move aims to keep small digital payments free and encourage digital transactions.
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