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’...
