Tag Archives: Digital Payment Charges relaxation

Public Sector Banks not to charge fees for IMPS & UPI in excess of NEFT Rates for Transactions > Rs 1000

By | December 21, 2016

In order to further promote digital and card payments, Department of Financial Services, Ministry of Finance issues direction in public interest all Public Sector Banks(PSBs) not to charge fees for transactions settled on Immediate Payment Service (IMPS) and Unified Payments Interface (UPI) in excess of rates charged for National Electronic Funds Transfer (NEFT) for transactions… Read More »