Question
What is the new per-transaction limit for UPI P2M
transactions in specified categories like insurance and capital markets?Solution
In specified categories including insurance and capital markets, the per-transaction limit was raised from ₹2 lakh to ₹5 lakh. This enables smoother high-value transactions. For instance, investment-related payments and premium transactions can now be carried out within this revised cap.
Which act governs the functioning of insurance companies in India?
Under which act did the Reserve Bank of India (RBI) introduce the 'Marginal Cost of Funds Based Lending Rate' (MCLR) system to determine lending rates?
In which of the following year the State Bank of India has launched a unified integrated app called YONO (You Need Only One)?
Which of the following is not a Maharatna Central Public Sector Enterprises (CPSEs)?
India International Bullion Exchange (IIBX) is regulated by which body?
Which feature distinguishes a current account from a savings account?
What is the function of the Capital Adequacy Ratio (CAR) in the banking sector?
Which of the following is a financial derivative that allows an investor to swap or offset their credit risk with that of another investor?
Government of India, in consultation with the Reserve Bank of India, introduced a Credit Guarantee Scheme in which of the following year?
Which of the following is the largest public sector bank in India by total assets?
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