Banks To Charge Up To INR 5 After 20 Transactions

Banks To Charge Up To INR 5 After 20 Transactions

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Deal Subedar
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Banks To Charge Up To INR 5 After 20 Transactions

Users will have to pay INR 2.5 for transactions below and equal to INR 1000

INR 5 will be charged for transactions above INR 1000

The changes will come into place from April 1, 2020



https://inc42.com/buzz/upi-slowdown-incoming-ba...

10 Comments  |  
7 Dimers
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Deal Cadet
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This is very bad move. This will really impact Government’s intention to promote cashless economy. There is huge gap between what they say and do.

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Deal Subedar
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Source…?
The URL you shared doesn’t talk anything about the charges you mentioned

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Shopping Friend
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is this for all transactions or only UPI based after certain limits rolleyes

please provide full details and correct link

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Shopping Friend
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Chikky wrote:

This is very bad move. This will really impact Government’s intention to promote cashless economy. There is huge gap between what they say and do.

only for axis & kotak bank and merchant UPI transaction unlimited times free.

@Ash

@desiman

@dev007

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Shopping Friend
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abhishek012 wrote:

only for axis & kotak bank and merchant UPI transaction unlimited times free.

@Ash

@desiman

@dev007

yeah and the OP title should be specifying this point that its for UPI transaction and limited banks as of now

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Critic
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desiman wrote:

yeah and the OP title should be specifying this point that its for UPI transaction and limited banks as of now

other banks expected to follow

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