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RBI ATM UPI CLARIFICATION
Did government order banks to stock ATMs ahead of UPI charges? Here’s what PIB saidA newspaper clipping claiming banks were told to increase ATM cash stocks ahead of UPI fees has circulated online, prompting a government f...- Bank strike update: Are banks open this Saturday and Sunday? Here's what Rbi says after union allows employees to attend officeIn a proactive measure, the Reserve Bank of India has granted approval for banks to remain open on Sunday, September 27, 2026. This strateg...
- Banks closed in India for 5 days? SBI & other top lenders send important message before strikeSBI, Bank of Baroda and Canara Bank have advised customers to complete important branch transactions in advance ahead of a proposed bank st...
- FM Nirmala Sitharaman clarifies UPI MDR charges won't affect consumers, hits out at opposition over misinformationFinance Minister Nirmala Sitharaman stated Merchant Discount Rate charges will not be passed to consumers. She clarified these charges are ...
- Bank strike from September 28 to 30: Will banks be closed for five days? SBI, Union Bank of India advise customers to complete transactions in advanceA major disruption in banking services is anticipated as the United Forum of Bank Unions has announced a three-day strike at the end of Sep...
- PVR INOX asks to pay using UPI only; customer sends legal notice for refusing to accept cash paymentPVR INOX asked an Ahmedabad advocate to pay using UPI only and refused to accept his cash payments. He has sent a legal notice to PVR INOX ...
- Pass the buck to RBI, banks: Let the savings from digital payments fund UPI costs, not consumersThe RBI's MDR introduction on UPI transactions above ₹2,000 faces criticism. This move may discourage digital payments and encourage a retu...
- Finance Ministry rejects US pressure claims over new UPI MDR, says RuPay has no special edgeIndia's Finance Ministry rejects claims of US influence on UPI payment charges. The new framework prioritizes RuPay credit cards for UPI tr...
- UPI fee issue raised at finance panel meet; crypto report in final stageA parliamentary committee convened to evaluate the fees associated with UPI transactions and explore revenue strategies. Opposition members...
- No US pressure in UPI MDR decision; NPCI circular offers no advantage to foreign credit cards: FinMinThe Department of Financial Services (DFS) issued the clarification in response to observations in the US Trade Representative's (USTR) 202...
- BharatPe backs new UPI MDR framework; distances itself from Ashneer Grover's remarksClarifying that Grover's remarks do not reflect the company's stance, BharatPe said his views were made strictly in an individual capacity.
- BharatPe backs new UPI MDR framework, distances itself from former CEO Ashneer Grover’s criticismBharatPe supports the new UPI merchant transaction framework. The company clarified co-founder Ashneer Grover's views are his own. This new...
- Finance Ministry rejects foreign influence claims over UPI MDR, says India's digital payments decisions are made independentlyIndia's finance ministry rejected claims of foreign pressure influencing UPI transaction charges. A 0.4% Merchant Discount Rate will apply ...
- RBI backs MDR on large-value UPI transactions, says could help expand UPI acceptanceThe Reserve Bank of India supports Merchant Discount Rate on large UPI transactions. This move aims to ensure the long-term sustainability ...
- UPI charge is just tax collection: Ashneer Grover calls out government wanting to charge on payments above Rs 2,000 while banks are making crores in profitsBharatPe co-founder Ashneer Grover has questioned the rationale for introducing charges on certain UPI merchant transactions above Rs 2,000...
- Paytm wins, but ATM also wins! Why CMS Info Systems shares jumped 7% on UPI MDRCMS Info Systems shares rose on Wednesday after the government announced MDR on select UPI transactions above Rs 2,000, making the company ...
- UPI MDR could unlock Rs 22,000 crore revenue pool by FY28: BernsteinUPI could generate Rs 22,000 crore annually by FY28 through a modest merchant discount rate. Banks might receive Rs 14,000 crore and paymen...
- Bank union strike today: Are banks open or closed today on September 11, 2026? Check detailsCustomers should brace for significant disruptions in bank services on September 11, 2026, as the UFBU calls for a nationwide strike. This ...
- Bank union strike tomorrow: Are banks open or closed on September 11, 2026? Check detailsBank customers face potential disruptions on September 11, 2026, due to a nationwide strike. United Forum of Bank Unions has called for thi...
- Global Fintech Fest 2026: DFS Secretary Sanjay Lohiya unveils UPI credit for KCC, MUDRA borrowersDFS Secretary Sanjay Lohiya at Global Fintech Fest 2026 unveiled a facility allowing eligible Kisan Credit Card and PM MUDRA Yojana borrowe...
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