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Promoting Digital Payments among People

Information related to the various important communication

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Document

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To promote digital payments through use of credit/debit cards and mobile phone applications/e-wallets etc, the Central Government announced a package of incentives and measures.

08-12-2016 17:32:44

Banks and Prepaid Payment Instrument (PPI) not to levy any charges on customers for transactions upto ? 1000 made through Immediate Payment Service (IMPS), USSD-based *99# and Unified Payment Interface (UPI) systems from 1st January 2017 to 31st March 2017.

16-12-2016 17:34:11

For card payments, transactions upto ? 1000/-, MDR capped at 0.25% and transactions above ? 1000/- and upto ? 2000/-, MDR capped at 0.5% from 1st January 2017 to 31st March 2017.

16-12-2016 17:34:11

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