Tag Archives: Transactions

NPCI asks banks to reject UPI transactions from non-compliant apps

In a circular released on Friday, the National Payments Corporation of India has cracked the whip on non-compliant Unified Payments Interface apps, instructing banks and payment service providers to reject UPI transactions generated from non-compliant apps.The circular sent to all UPI-supported banks in the BHIM ecosystem stated that it is mandatory for all UPI apps to have support for sending or receiving money through virtual payment addresses, generate QR codes for Bharat ... Read More »

SBI New ATM, Cash Transactions Service Charges. All You Need To Know

India’s largest lender State Bank of India, revised service charges on various cash transactions for its customers, effective from June 1. Announced in a circular on the SBI website on Thursday morning, the revisions initially created confusion among customers over news that all cash withdrawals through ATM will now be charged at Rs. 25 per transaction. The bank later clarified ... Read More »