UPI Payment Charges UPI Payment Charges | UPI Payment surcharge From 1st April Real Truth
please subscribe to my channel 🙏🙏
press the bell to get notifications from WHEN I'LL UPLOAD MY New VIDEOS '🔔'
#Askmaqsood #Techiehelptips
The National Payments Corporation of India (NPCI) has issued a circular in which it suggested "Prepaid Payment Instruments (PPI)" fees on merchant transactions on Unified Payments Interface (UPI).
The governing body of the UPI payment system added that the PPI fees would be levied on transactions above ₹2,000 on UPI. It will result in an interchange at 1.1% of the transaction value.However, the NPCI has clairified that there will be zero charges for the bank account to bank account-based UPI payments or normal UPI payments.
With this addition to UPI, the customers will have the choice of using any bank account, RuPay Credit card and prepaid wallets on UPI-enabled apps, it said.The interchange fee is levied to cover the costs of accepting, processing, and authorising transactions. This is likely to make the transaction costlier. The new rule will be implemented from 1 April.
No charges will be paid by the cutomers, Paytm added. Taking to Twitter, then digital payment app wrote, “Please be informed that Paytm UPI is free, fast, secure, and seamless. No customer will pay any charges on making payments from UPI either from bank account or PPI/Paytm Wallet".
The issuer of prepaid instruments will also be required to pay 15 basis points of the fee to the remitter bank for loading a transaction value above ₹2,000, the circular said.Notably, the fee will not be applicable to person-to-person transactions or person-to-merchant transactions between a bank and the prepaid wallet.
#upipayments
Watch more videos like camera tripod gimbal phone iPhone sd card laptop phone charger
🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼
🔳 My Monitor for Editing : https://amzn.to/3ojL1Ri
🔳 My Keyboard Mouse :https://amzn.to/2LdIVUI
🔳 My Mobile Phone :https://amzn.to/3pLOU21
🔳 My Mic : https://amzn.to/3pTJemL
🔳 My Studio Light :https://amzn.to/3o8gPsy
🔳 My 1st Tripod :https://amzn.to/2X5j0Bf
🔳 Phone Stand :https://amzn.to/2JBeVS6
🔳 Tablet Flip Cover :https://amzn.to/3wyreBc
🔳 Maono AU-PM421 Condenser USB Microphone : https://amzn.to/3AoAgDz
🔳 Ring Light : https://amzn.to/3ComNMA
🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼🔼
U CAN WATCH MY ANOTHER video FROM THIS LINKs :
1. Best laptop brands 2021 in India :- • Best laptop brands 2021 in India | Best ga...
2.Topical, fastag which vehicle are required :- • Topical, fastag which vehicle are required...
3.Indian Railway: कब से चलेंगी Passenger Trains :- • Indian Railway: कब से चलेंगी Passenger Tra...
4.ASTag mandatory from Monday midnight vehicles :- • FASTag mandatory from Monday midnight vehi...
5.Airtel 5G Is Here:- • Airtel 5G Is Here | Airtel Demonstrate Liv...
✔Do not forget To like & Share our videos...
───────────────FOLLOWUS──────────────────
Youtube channel: / techiehelptips
Facebook page: / techiehelptips
Follow me on instagram :- / techiehelptips
Telegram channel Link :- https://t.me/techiehelptips
THANKS FOR WATCHING… #Maqsood
Your Queries –
upi charges
upi payment charges
upi charges for money transfer
upi transactions
upi merchant transactions charges
charges on upi merchant transactions
google pay
upi charges from 1st april
upi transactions per day
upi transactions per second
merchant transactions
upi payment surcharge
upi payment charges latest news