RBI has Made Changes in the Contact list Transactions Between its ATM card and UPI

RBI has Made Changes in the Contact list Transactions Between its ATM card and UPI

RBI has Made Changes in the Contact list Transactions Between its ATM card and UPI

RBI has made changes in the contact list transactions between its ATM card and UPI. If you have also made contact list transactions through UPI, then you must know about these changes.

At present, the Reserve Bank insists on using digital payment systems securely, adding that the limit for contacts list transactions through UPI has been increased from 2000 to 5,000.

This facility will be issued from January 1, 2021. Reserve Bank of India Governor Shaktikant Das said the plan was to increase the number of digital payment users.

As a result, the transaction limit will be increased from 2000 on January 1, 2021 to Rs 5,000 without any connection between UPI and the card.

They say it will depend on the wishes of the customer. The Reserve Bank has said that all the related guidelines will be issued separately.

Various measures can be taken to maintain the RBI monetary policy in the light of the impact of the Covi D19 while maintaining this soft spot.

Das said the RTGS system will soon be available for seven days and 24 hours.

Let us inform you that the RTGS system will be available for the rest of the week except the second and fourth days of the month and will be available for various tasks.

In order to take digital payments forward in the country, the Reserve Bank has stopped cutting charges in all transactions made through NEFT and RTGS in 2019.

NEFT is used for transactions of Rs 2 lakh. On the other hand, RTGS is used for big money transactions.

Das said that the Financial Center is working among all people to become financially self-sufficient.

Well he said that by March 2024 such centers will be built in all the blocks.

The Reserve Bank has made the system of NEFT available for 24 hours in December 2019. There is now a chance that the transaction rate between IMPS, NETC, NFS, UPI transactions will be lower in 7 days instead of 5 days as compared to what happened after that.

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