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CUSTOMS DUTY DEFERRED PAYMENT
UPI MDR: 10 UPI transactions that will attract MDR charges; what’s the maximum you will pay- MDR on UPI does not make sense for broking and investment payments, say Nithin Kamath and Deepak Shenoy
- He trusted Canara Bank for 31 Years, then was sold a life insurance plan that pays at age 93; IRDAI orders Rs 4 lakh refund and ₹1 crore fine for mis-selling
- CBIC to step up outreach as EMI scheme struggles to attract manufacturersThe CBIC will conduct outreach programs to encourage EMI scheme adoption. Data and documentation requirements for the scheme have been subs...16 Sep, 2026, 12.12 PM IST
- UPI MDR explained for investors: How will new charges impact your mutual fund SIPs and stock investments?From October 15, MDR will apply to select UPI person-to-merchant payments above Rs 2,000, but not to all such transactions. UPI AutoPay and...16 Sep, 2026, 12.01 PM IST
- Customs should accelerate AI usage to reduce cost, physical interface with trusted taxpayers: CBIC chiefIn a progressive move, the Customs department plans to ramp up its deployment of artificial intelligence and real-time analytics to limit d...16 Sep, 2026, 11.57 AM IST
- HDFC credit card holder lost Rs 1.39 lakh in an unauthorised transaction, bank says card details and OTP were used; court orders HDFC Bank to pay him Rs 1.75 lakhAn HDFC Bank credit card holder disputed a Rs 1,39,901 online transaction he said he had never authorised. HDFC Bank argued that card detai...16 Sep, 2026, 09.39 AM IST
- Customs duty hike impact: Gold imports contract to USD 2.3 billion in AugustIndia’s gold imports declined significantly in August following an increase in customs duty, while silver imports rose sharply during the m...15 Sep, 2026, 10.09 PM IST
- Consumer protection body imposes Rs 10 lakh penalty on Rapido for use of dark patternsThe consumer watchdog found that Rapido used two practices classified as dark patterns - “confirm shaming” and “interface interference” - a...15 Sep, 2026, 09.15 PM IST
- UPI Charges Explained: Will you pay a fee for Rs 2,000+ UPI payments? Government clarifies what users need to knowUPI Payment Charges Rules: Ordinary UPI users will not pay transaction fees for payments above Rs 2,000. Person-to-person UPI transactions ...15 Sep, 2026, 08.43 PM IST
- UPI transactions above Rs 2,000 to attract 0.4% MDR; check key detailsNPCI will introduce a Merchant Discount Rate on select P2M UPI transactions starting October 15. Merchants will pay 0.4% on transactions ex...15 Sep, 2026, 07.34 PM IST
- Fintechs high on AI, but yet to let it handle your moneyThe Unified Payments Interface (UPI) processed 24.51 billion transactions worth Rs 29.82 lakh crore in August, according to data from the N...15 Sep, 2026, 06.00 AM IST
- Bank of Baroda's new mobile app to help customers make payments using voice commandsBank of Baroda launched its updated mobile application, bob World 2.0, with new features. This app now allows users to make payments using ...14 Sep, 2026, 06.19 PM IST
- EU to allow 2.5 lakh Indian cars at concessional duty under FTA; quota to reach 4 lakh in 10 yearsThe European Union will permit 2.5 lakh Indian passenger vehicles annually at a reduced 8 percent duty. This import duty concession will gr...13 Sep, 2026, 10.48 PM IST
- AI-led payments will need strong risk checks as trust remains critical: Amazon Pay India CEOAs artificial intelligence increasingly makes digital payments more contextual and automated, strong risk checks will remain critical to ma...11 Sep, 2026, 05.20 PM IST
- GFF 2026: Digital finance has scaled, now trust and resilience must catch up, says RBI’s Deputy Governor MurmuIndia's digital finance sector now prioritizes trust and resilience over access. Technology transforms finance, but trust remains the essen...11 Sep, 2026, 02.24 PM IST
- ₹1 crore penalty on Canara HSBC Life Insurance Company over mis-selling of a deferred annuity policy to an 88-year-old senior citizenAn 88-year-old was sold a deferred annuity policy despite age restrictions, leading to a Rs 1 crore penalty for Canara HSBC Life. IRDAI fou...11 Sep, 2026, 01.18 PM IST
- Canara HSBC Life fined Rs 1 crore for mis-selling policy to 88-yr-old via Canara BankCanara HSBC Life Insurance Company received a ₹1 crore penalty from IRDAI. The fine was imposed for mis-selling a deferred annuity policy t...11 Sep, 2026, 12.22 AM IST
- JSW, Skoda-Volkswagen India stitch up 51:49 JV plan; sign non-binding MoU, begin exclusive valuation talksJSW Group and Volkswagen have signed a non-binding MoU for a new alliance. This partnership aims to strengthen competitiveness through expa...09 Sep, 2026, 12.47 PM IST
- CBIC eases documentation norms under Eligible Manufacturer Importer schemeThe CBIC has simplified enrolment under the Eligible Manufacturer Importer scheme, cutting required documents from 10 to three. From Septem...04 Sep, 2026, 04.38 PM IST
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