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Don’t Charge Customers For Smaller ‘Digital’ Transactions Till March End: RBI To Banks
Ashok KM
19 Dec 2016 2:29 PM IST
To support the ‘digital banking’ push by the Central government, the Reserve Bank of India has directed banks not to levy any charges on customers for transactions up to ₹1,000 settled on Immediate Payment Service (IMPS), USSD-based *99# and Unified Payment Interface (UPI) systems from January 1, 2017, to March 31, 2017.The apex bank has clarified that this is a ‘temporary measure’...
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