PM Modi to launch digital payment solution e-RUPI today
It has been developed by the National Payments Corporation of India on its UPI platform, in collaboration with the department of financial services, ministry of health & family welfare and National Health Authority.
RBI's new rules on interchange fee, 24/7 bulk clearing facility functionalThe RBI in June raised the interchange fee for financial transactions from Rs 15 to Rs 17, while for non-financial transactions the increase was done from Rs 5 to Rs 6. These new rates have become applicable from August 1, 2021, as per the RBI's direction.
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