Question
In line with the RBI direction, there will be no charge
for RuPay credit card use on Unified Payments Interface (UPI) for transactions up to Rs ______.Solution
There will be no charge for RuPay credit card use on Unified Payments Interface (UPI) for transactions up to Rs 2,000 in line with the RBI direction. Nil Merchant Discount Rate (MDR) would apply for this category up to the transaction amount less than and equal to Rs 2,000, it noted. MDR is the cost paid by a merchant to a bank for accepting payment from their customers via credit or debit cards every time a card is used for payments in their stores. The merchant discount rate is expressed in the percentage of the transaction amount. National Payments Corporation of India (NPCI) is an umbrella organization for all retail payments in India. It was set up with the guidance and support of the Reserve Bank of India (RBI) and Indian Banks Association (IBA). NPCI Headquarters: Mumbai MD & CEO: Dilip Asbe Unified Payments Interface (UPI) is an instant real-time payment system developed by National Payments Corporation of India facilitating inter-bank transactions. The interface is regulated by the Reserve Bank of India and works by instantly transferring funds between two bank accounts on a mobile platform.
By the year 2050, India will surpass China as the most populous country in the world, with an estimated ______ people.
The Temple at Khajuraho were built during which dynasty?
Who among the following received the Padma Bhushan Award 2019 in the field of Trade & Industry-Technology?
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Who has been appointed as the national icon by the Election Commission of India (ECI) ahead of the assembly elections in five states and the 2024 Genera...
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The IUPAC name of CH₃ -(CH₂ )18-CH₃ is ________.
Mukhyamantri Anuprati Yojana is related to -
Where is the Kakarapar Atomic Power Plant is located?
From which Constitution, the ideals of freedom, equality and brotherhood given in the preamble of our Constitution have been taken?