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The Reserve Bank of India (RBI) has raised the upper limit of an offline payment transaction to Rs 500 from the existing Rs 200 to promote the use of UPI-Lite wallet in areas where internet connectivity is weak or unavailable. The total limit for offline transactions on a payment instrument, however, remains Rs 2,000. It also said that offline payments should only be made face-to-face. Moreover, these transactions may be offered without Additional Factor of Authentication (AFA).
What is the innovative system developed by researchers at IIT Delhi to ensure fair minimum incomes for food delivery workers?
Which digital insurance platform, set for launch by IRDAI, is part of the Bima Trinity initiative?
SEBI has announced a centralized mechanism for reporting and verification through the KYC Registration Agency in case of the demise of an investor. ...
____________ and Saraswat Cooperative Bank have entered into a partnership under which the bank will sell the insurance major’s products.
Zaakpay has received in-principle authorisation from the Reserve Bank of India (RBI) to operate as a payment aggregator that will allow Zaakpay to onb...
Who is appointed as the advisor to the Prime Minister of India, Shri Narendra Modi?
Where is the headquarters of Moody’s Investors Service?
What financial assistance does the ‘Shahid Madho Singh Haath Kharcha Yojana’ provide to tribal students in Odisha?
During whose administration was the 'Permanent Settlement' system established?
To enable every rural household across the country to have provision of potable tap water supply by 2024, Government of India in partnership with States...