E-PaperTransaction Charges News
UPI payments to cost more, who will pay and what are the charges
Click here to download the Mint App https://livemint.onelink.me/MrDS/p0kx3pdg
10 Apr 2023UPI payments to cost more, who will pay and what are the charges | Mint Primer | Mint
The new announcement by payment gateway NPCI or National Payments Corporation of India has led to confusion among those who depend on Unified Payments Interface (UPI) or mobile payments for their day-to-day transactions. The skepticism was regarding if UPI payments will now be charged or continue to remain free. Clearing the air about the recently introduced interchange charges, NPCI said that bank to bank account transfer via UPI will continue to remain free. There are three ways to transfer money via UPI -- by entering the virtual payment address (VPA) of the receiver, account number and IFSC code or QR code.
10 Apr 2023State Bank of India waives IMPS, NEFT and RTGS charges
SBI will not levy transaction charges through RTGS and NEFT for YONO, internet banking and mobile banking customers from 1 JulySBI will also waive IMPS charges for these customers from 1 August
1 min read12 Jul 2019Oil firms may have to continue paying higher card transaction fees
While banks fear a lower merchant discount rates would hurt them, oil companies argue a lower MDR on credit and debit card transactions would reduce their financial burden
1 min read23 Apr 2018Sebi wants bourses to charge higher for illiquid stocks
In an effort to discourage the public from investing in potentially shell companies in the listed space, the Sebi wants exchanges to charge higher transaction fees for trading in stocks of firms that are illiquid
5 min read17 Mar 2018BSE waives transaction fees on equity segment of Sensex 30 index
BSE waives the transaction charges on Sensex 30 stocks from 12 March in order to facilitate and encourage participation by retail investors in financially sound companies
1 min read26 Feb 2018Indian Oil, others may ask banks to halve card transaction charges
Indian Oil, Bharat Petroleum and Hindustan Petroleum will make the proposal to halve merchant discount rates at a meeting with banks on Monday
2 min read8 Jan 2018Sebi allows commodity bourses to raise transaction charges
The commodity derivative exchanges will ensure that the ratio between highest to lowest transaction charges in the turnover slab of any contract is not more than 2:1, Sebi said
1 min read3 Jan 2018No charges on debit card transactions up to Rs2,000 from now
Giving further impetus to digital payments, the government will reimburse charges for transaction up to Rs2,000 on debit cards and BHIM
1 min read1 Jan 2018BSE to revise transaction charges on equity segment from 1 August
BSE has introduced a new slab-based structure for levy of transaction fees for securities traded under group A, B and other non-exclusive scrips.
1 min read2 Jul 2017Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared