Diabytes
BHIM-UPI News
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The move will ensure convenient, secure and faster cash flow, and common citizens will benefit from seamless payment facilities with no additional charges.
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Last week, the cabinet cleared a Rs 2,600-crore incentive scheme for banks to promote RuPay debit cards and low-value BHIM-UPI transactions in the current fiscal.
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CBDT advised banks not to impose any charges on any future transactions carried out through these modes.
Banks are advised to immediately refund the charges collected on or after January 1, 2020
CBDT had in December 2019 clarified that any charge shall not be applicable on or after January 1, 2020.
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