Big News: UPI Payment Rules Change! UPI service will be free according to a new order from the Finance Ministry; check the specifics right away.

New Delhi. Recently  there was news that the Reserve Bank of India (RBI) is evaluating the Unified Payment Interface (UPI) and may impose charges on installments made through UPI.

Presently the Ministry of Finance has given help data. The ministry said that the public authority isn't thinking about requiring any charge on the UPI payment service.

The Finance Ministry  tweeted, "UPI is one such digital stage which is exceptionally helpful for general society and has a significant commitment to the economy. No charges are being considered for the UPI payment service. Other options  will be considered for cost recuperation for specialist organizations."

What is UPI

Allow us to let you know that UPI is a continuous real time payment system, which allows instant transfer of money from one bank account to another bank account. Uniquely, you can move cash through UPI whenever, night or day.

How UPI Arrangement of Cash Move Functions Utilizing the UPI office is very simple. For this, you need to download any UPI application like Paytm, PhonePe, Google Pay, BHIM and so on in your portable. You can utilize this framework by connecting your ledger with the UPI application.Through UPI, you can link one bank account with multiple UPI apps Simultaneously, different accounts can be worked through one UPI app.

UPI Fixed Transaction Limit Click here to know more.

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