RBI may levy charge on UPI payment

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There may be charges for transferring money through UPI. For this, RBI has sought feedback in this matter.

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RBI has sought feedback on Unified Payments Interface (UPI) and credit card related charges.

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RBI had in December last year proposed to issue a discussion paper on charges in payment systems.

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RBI has said in a release that the charges for payment services should be reasonable and fixed for the users.

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There is no charge on Debit Card, RuPay Card and UPI as per the zero-MDR policy of the Government.

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