Current Affairs

Transaction limit increased to Rs 500 for small value digital payments in offline mode like UPI Lite

To encourage the usage of UPI-Lite wallets in places where internet access is poor or non-available, the Reserve Bank of India (RBI) has increased the upper lim... To encourage the usage of UPI-Lite wallets in places where internet access is poor or non-available, the Reserve Bank of India (RBI) has increased the upper limit of an offline payment transaction from Rs 200 to Rs 500. The overall limit for offline transactions on a payment instrument, however, remains Rs 2,000 at all times.

Bandhan Bank authorised by RBI to disburse civil pension

Bandhan Bank has said that it has been appointed by the Reserve Bank of India (RBI) as an authorised pension disbursement bank on behalf of the Central Pension ... Bandhan Bank has said that it has been appointed by the Reserve Bank of India (RBI) as an authorised pension disbursement bank on behalf of the Central Pension Accounting Office (CPAO), Ministry of Finance, for civil pensioners. The Bank will soon be integrating with the office of the CPAO to operationalise the disbursement process.

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Current Affairs

Transaction limit increased to Rs 500 for small value digital payments in offline mode like UPI Lite

Bandhan Bank authorised by RBI to disburse civil pension

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