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?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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