From UPI Rules To Trading Hours: Key Financial Changes From August 1
4 Articles
4 Articles
Major Financial Changes From August 1: Credit Card Rules To UPI Transactions, Key Details Here
Starting Aug. 1, a slew of important changes across banking, taxation and trading operations are set to impact consumers, businesses and investors. From new UPI rules to extended trading hours and policy updates, here’s a look at major changes that can affect your finances.New UPI Rules In PlaceThe National Payments Corporation of India (NPCI) has introduced fresh guidelines to make UPI transactions more efficient. Daily limits have been set for…
ICICI Bank Will Also Charge For UPI Transactions, New Rule Will be Applicable From August 1
ICICI Bank is now going to charge transaction fees from payment aggregators on UPI payments. This new rule can come into effect from August 1, 2025. Earlier, Yes Bank and Axis Bank have also done this. How much will it cost? If a PA maintains an escrow account with ICICI Bank, a charge of 2 basis points (0.02%) will be levied on each transaction. Its maximum limit will be Rs 6 per transaction. PAs who do not have an escrow account with ICICI wil…
Major UPI Rule Changes from August 1: New Transaction & Limit Guidelines Explained
Unified Payment Interface (UPI) has revolutionised how we handle money transfers and digital payments in India. Whether paying for groceries, splitting bills with friends, or shopping online, UPI offers a seamless experience, replacing the need to carry cash or wait for lengthy bank processes. As digital payments become an essential part of everyday life, staying … The post Major UPI Rule Changes from August 1: New Transaction & Limit Guidelines…
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