UPI charges Archives - National Times

18 Sep

AAP Stages Protests in Punjab Against Additional Charges on UPI Transactions

Gurpreet Singh0 CommentsPunjabAAP, digital payments, Jalandhar, Narendra Modi, Pawan Kumar Tinu, Punjab protest, UPI charges

Chandigarh (Gurpreet Singh): The Aam Aadmi Party (AAP) on Friday held protests in Jalandhar and Sujanpur in Pathankot against the BJP-led Central Government’s decision to impose additional charges on certain UPI (Unified Payments Interface) merchant transactions. During the protests, angry people raised slogans against the Central Government and burnt an effigy of Prime Minister Narendra Modi. A massive protest was organised at Shaheed Bhagat Singh Chowk in Jalandhar under the leadership of senior AAP Punjab leader Pawan Kumar Tinu. Addressing party volunteers, Pawan Kumar Tinu said, “The decision of the BJP-led Central Government to impose additional charges on UPI transactions…

Lok Sabha Passes Bill Amending Payment Systems Act to Allow Service Charges on Digital Transactions

Gurpreet Singh0 CommentsIndiaLok Sabha, MDR levy, Nirmala Sitharaman, Payment Systems Act, UPI charges

New Delhi (Gurpreet Singh)— The Lok Sabha on Thursday passed the Taxation and Other Laws (Amendment) Bill, 2026, introducing crucial amendments to the Payment and Settlement Systems Act, 2007. The statutory change authorises the Union government to permit commercial banks and payment service providers to levy service charges, including Merchant Discount Rate (MDR), on digital payments executed via the Unified Payments Interface (UPI) and other notified electronic payment methods. Moved by Finance Minister Nirmala Sitharaman, the legislation was passed by voice vote following a brief adjournment. The amendment directly alters Section 10A of the Payment and Settlement Systems Act, 2007,…

RBI Rules Out UPI Transaction Fees, Projects 6.8% Growth for FY25

Rajeev Sharma0 CommentsBusiness, IndiaRBI, Sanjay Malhotra, UPI charges, UPI transaction fees

New Delhi, October 1, 2025: Reserve Bank of India (RBI) Governor Sanjay Malhotra on Wednesday dismissed speculation that citizens may be charged for using Unified Payments Interface (UPI), assuring that no such proposal is under consideration. His clarification comes amid widespread concerns over possible fees on the digital payment system that has become a backbone of everyday transactions.Malhotra expressed confidence in India’s economic prospects, highlighting that the nation continues on a “very high growth trajectory” while managing price stability. The RBI has projected India’s growth at 6.8% for the current fiscal year, reinforcing its position as one of the world’s…