RBI’s key decision regarding UPI payments…

New Delhi:
It is known that RBI has kept the repo rates unchanged this time as well. This is the 9th time that the repo rate has not been changed.

Even since February last year, the Center has not made any changes in the interest rates. He said that when it comes to inflation, it was stable in April and May and increased in the month of June.

The reason for this is the increase in food items. Many important decisions were taken in the RBI meeting. In particular, a decision has been taken to increase the UPI limit on tax tax payments.

Previously Rs. RBI Governor Shaktikanta Das said that the UPI limit of one lakh rupees has been increased to Rs.5 lakhs. That means now through UPI one time Rs. Can pay up to one lakh.

RBI Governor proposed to take steps for check clearance within few hours. Shaktikanta Das expressed concern over the manner of taking additional loan on old house loan.

Henceforth tax payers can pay up to Rs.5 lakhs without any hassle through UPI. No additional charges will be charged for this. If payments are made with debit or credit cards, some charges will apply.

RBI is not new to increase charges like this.. It has increased many times in the past. Earlier, in December 2023, the UPI payment limit for hospitals, education institutions etc.

was increased by RBI to Rs. 5 lakhs increased. Currently, the tax payment limit has also been increased. There has been no change in the general UPI transaction limit. It is a maximum of Rs. There is only one lakh.

RBI Governor Shaktikanta Das made a key statement regarding check clearance. It has been proposed that the check clearance process should not be rushed.. It should be completed within hours.

Continuous check clearance should be undertaken. Currently, it takes 2 to 3 days to complete this process.

He said that financial institutions are not following rules in giving top-up loans and gold loans. He said that while alternative investment opportunities for retail investors are increasing, bank deposits are decreasing.

In this context, RBI Governor Shaktikanta Das stated that banks are facing difficulty in meeting credit demand.