Reuters logo
BRIEF-RBI rationalises customer charges for IMPS, UPI & USSD
December 16, 2016 / 11:49 AM / a year ago

BRIEF-RBI rationalises customer charges for IMPS, UPI & USSD

Dec 16 (Reuters) - Reserve Bank of India:

* RBI - special measures upto March 31, 2017 : rationalisation of customer charges for IMPS, UPI & USSD

* RBI - measures shall come into effect from January 1, 2017 and shall be applicable till march 31, 2017

* RBI-As temporary measure, decided all participating banks, prepaid payment instrument issuers to not levy charges on customers for transactions upto  1000 settled on IMPS, USSD,UPI systems Source text - (bit.ly/2hCzD1L)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below