Transaction Charges
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No Plan To Levy Merchant Discount Rate On UPI Transactions: Finance Ministry
The Finance Ministry on Wednesday said that "speculation and claims that the MDR (merchant discount rate) will be charged on UPI transactions are completely false, baseless, and misleading".
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Exclusive: Government Weighs Charges On UPI Payments Over Rs 3,000
This comes as banks and payment service providers have raised concerns about the rising cost of handling high-value digital transactions.
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ATM Cash Withdrawals To Cost More From Today, Check New Charges
The Reserve Bank of Indian (RBI) has announced that starting today, May 1, customers will be charged a maximum fee of Rs 23 per transaction for ATM banking services.
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Higher ATM Fees, Rural Bank Mergers: Here's What Will Change Starting May 1, 2025
The most prominent change remains the revised framework for ATM transaction charges, in addition to government pushing for the merger of rural banks.
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RBI Allows Banks To Hike ATM Cash Withdrawal Charges By Rs 2 To Rs 23
The Reserve Bank on Friday permitted banks to increase charges on ATM cash withdrawals beyond the free monthly usage by Rs 2 to Rs 23 per transaction from May 1.
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ATM Withdrawals To Get Costlier From May 1: Check New Charges
While the financial transactions get expensive by Rs 2, the non-financial transactions, such as balance inquiries, will cost an extra rupee from May 1.
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Google Pay Reportedly Levies Convenience Fees on Bill Payments via Credit and Debit Cards
Google Pay is now levying convenience fees on bill payments made via credit and debit cards, according to a report. Until now, the unified payments interface (UPI) platform was charging users Rs. 3 as a service fee on mobile recharges. However, it will now reportedly also levy a charge, in addition to the goods and service tax (GST), on utility bil...
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New FASTag Rules, Penalties To Be Effective From February 17
FASTag users may incur additional charges if their toll transactions are processed beyond 15 minutes from the time the vehicle passes the toll reader.
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How UPI Is Enabling A Cashless Economy
For a cashless economy to thrive, transactions must be affordable. Unlike credit card transactions that incur fees for merchants, UPI payments are either free or have minimal charges, making them much more accessible to small and medium-sized busines
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French Authorities Charge Telegram CEO Pavel Durov in Probe Into Organised Crime on App
Telegram boss Pavel Durov has been placed under formal investigation by a French judge. The charges for which he was initially arrested four days ago include suspected complicity in running an online platform that allows illicit transactions, images of child sex abuse, drug trafficking, and fraud among others.
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Google Maps Charges, LPG Cylinder Cost: Know Rules Changing From August 1
Significant changes will impact consumers, including potential LPG price cuts, reduced Google Maps charges, and new HDFC Bank credit card fees for rent and utility payments.
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65% Transactions Now Digital In Small-Town India, Gen X Leads The Charge
About 65 per cent of transactions by consumers in small-town India are now digital, while in larger cities this ratio was around 75 per cent, a new report showed on Tuesday.
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Spotify Says Apple Has Rejected Its App Update With Price Information for EU Users
Apple has rejected Spotify's new version of its iOS app with in-app pricing information for users in the European Union, the audio streaming firm said on Thursday.
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UPI Transactions: New Regulations And Changes That Come Into Effect From Today
To enhance the scope of UPI payments, the Reserve Bank of India (RBI) announcedsome measures and changes that will be applicable from January 1, 2024.
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Who Is Amit Patel? All About Indian-American Accused Of Stealing $22 Million From Football Team
Patel faces charges of wire fraud and engaging in an illicit monetary transaction related to the $95,000 watch he bought online last autumn
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No Plan To Levy Merchant Discount Rate On UPI Transactions: Finance Ministry
The Finance Ministry on Wednesday said that "speculation and claims that the MDR (merchant discount rate) will be charged on UPI transactions are completely false, baseless, and misleading".
-
Exclusive: Government Weighs Charges On UPI Payments Over Rs 3,000
This comes as banks and payment service providers have raised concerns about the rising cost of handling high-value digital transactions.
-
ATM Cash Withdrawals To Cost More From Today, Check New Charges
The Reserve Bank of Indian (RBI) has announced that starting today, May 1, customers will be charged a maximum fee of Rs 23 per transaction for ATM banking services.
-
Higher ATM Fees, Rural Bank Mergers: Here's What Will Change Starting May 1, 2025
The most prominent change remains the revised framework for ATM transaction charges, in addition to government pushing for the merger of rural banks.
-
RBI Allows Banks To Hike ATM Cash Withdrawal Charges By Rs 2 To Rs 23
The Reserve Bank on Friday permitted banks to increase charges on ATM cash withdrawals beyond the free monthly usage by Rs 2 to Rs 23 per transaction from May 1.
-
ATM Withdrawals To Get Costlier From May 1: Check New Charges
While the financial transactions get expensive by Rs 2, the non-financial transactions, such as balance inquiries, will cost an extra rupee from May 1.
-
Google Pay Reportedly Levies Convenience Fees on Bill Payments via Credit and Debit Cards
Google Pay is now levying convenience fees on bill payments made via credit and debit cards, according to a report. Until now, the unified payments interface (UPI) platform was charging users Rs. 3 as a service fee on mobile recharges. However, it will now reportedly also levy a charge, in addition to the goods and service tax (GST), on utility bil...
-
New FASTag Rules, Penalties To Be Effective From February 17
FASTag users may incur additional charges if their toll transactions are processed beyond 15 minutes from the time the vehicle passes the toll reader.
-
How UPI Is Enabling A Cashless Economy
For a cashless economy to thrive, transactions must be affordable. Unlike credit card transactions that incur fees for merchants, UPI payments are either free or have minimal charges, making them much more accessible to small and medium-sized busines
-
French Authorities Charge Telegram CEO Pavel Durov in Probe Into Organised Crime on App
Telegram boss Pavel Durov has been placed under formal investigation by a French judge. The charges for which he was initially arrested four days ago include suspected complicity in running an online platform that allows illicit transactions, images of child sex abuse, drug trafficking, and fraud among others.
-
Google Maps Charges, LPG Cylinder Cost: Know Rules Changing From August 1
Significant changes will impact consumers, including potential LPG price cuts, reduced Google Maps charges, and new HDFC Bank credit card fees for rent and utility payments.
-
65% Transactions Now Digital In Small-Town India, Gen X Leads The Charge
About 65 per cent of transactions by consumers in small-town India are now digital, while in larger cities this ratio was around 75 per cent, a new report showed on Tuesday.
-
Spotify Says Apple Has Rejected Its App Update With Price Information for EU Users
Apple has rejected Spotify's new version of its iOS app with in-app pricing information for users in the European Union, the audio streaming firm said on Thursday.
-
UPI Transactions: New Regulations And Changes That Come Into Effect From Today
To enhance the scope of UPI payments, the Reserve Bank of India (RBI) announcedsome measures and changes that will be applicable from January 1, 2024.
-
Who Is Amit Patel? All About Indian-American Accused Of Stealing $22 Million From Football Team
Patel faces charges of wire fraud and engaging in an illicit monetary transaction related to the $95,000 watch he bought online last autumn
