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    Question

    With reference to the RBI’s revision of agency

    commission for banks conducting government business (effective April 1, 2025), consider the following statements: 1. The commission for e-mode revenue receipts and payments has been increased from ₹9 to ₹12 per transaction. 2. The commission for physical mode transactions has been revised upward from ₹40 to ₹50 per transaction. 3. Pension payment commission has been raised from ₹75 to ₹80 per transaction. Which of the statements given above is/are correct?
    A 1 and 2 only Correct Answer Incorrect Answer
    B 2 and 3 only Correct Answer Incorrect Answer
    C 1 and 3 only Correct Answer Incorrect Answer
    D 1 only Correct Answer Incorrect Answer
    E 1, 2 and 3 Correct Answer Incorrect Answer

    Solution

    • Statement 1 is correct: The RBI increased the commission for e-mode revenue receipts and payments from ₹9 to ₹12 per transaction to promote digital efficiency. • Statement 2 is incorrect: The rate for physical mode transactions remains unchanged at ₹40 per transaction. It has not been revised upward. • Statement 3 is correct: The pension payment commission has indeed been raised from ₹75 to ₹80 per transaction. Additionally, for non-pension payments, the commission has been increased from 6.5 paise to 7 paise per ₹100 turnover. These changes take effect from April 1, 2025, and exclude pre-funded or already compensated transactions. Thus, the correct answer is (c) 1 and 3 only.

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