Search Results for Tag : Digital Payment

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Central Government Launches BHARAT QR Code for Encouraging Digital Payments(20.02.2017)

The Central Government has recently launched Bharat QR code, a Quick Response (QR) code to enable digital payments without card swiping machines. This.....

Tags : QR code, Launch, Digital payments

RBI issues directions on Digital Payment Security Controls(18.02.2021)

In order to set up a robust governance structure, RBI issues direction on Digital Payment Security Controls. The Master Direction provides necessary g.....

Tags : Digital Payment, Security, Direction

Prime Minister launches digital payment solution e-RUPI(02.08.2021)

Prime Minister launched digital payment solution e-RUPI, a cashless and contactless instrument for digital payment. The e-RUPI is a digital voucher wh.....

Tags : Digital payments, e-RUPI, Launch

Notifications & Circulars

Introduction of a new type of semi-closed Prepaid Payment Instrument (PPI) - PPIs upto Rs. 10,000 with loading only from bank account(24.12.2019)

1. Please refer to the Statement on Developmental and Regulatory Policies issued as part of Monetary Policy Statement dated December 5, 2019 as also t.....

Tags : Digital payments, PPI, Introduction

RBI releases framework for facilitating small value digital payments in offline mode(03.01.2022)

RBI releases guidelines for facilitating small value digital payments in offline mode. With technology being available in a palm of your hand, the RBI.....

Tags : Framework, Digital payments, Offline mode

RBI proposes to permit linking of PPIs through third-party UPI applications(05.04.2024)

In order to provide more flexibility to PPI holders, it is now proposed to permit linking of PPIs through third-party UPI applications. This will enab.....

Tags : Digital payments, Linking, PPIs

Reserve Bank of India launches UPI for Feature Phones and 24x7 Helpline for Digital Payments(08.03.2022)

The Reserve Bank has launched two key initiatives today - (1) UPI123Pay - Option to make Unified Payments Interface (UPI) payments for feature phone u.....

Tags : Launch, UPI, Digital payments

Online Dispute Resolution (ODR) System for Digital Payments(06.08.2020)

1. This is with reference to the Statement on Developmental and Regulatory Policies dated August 6, 2020 wherein the Reserve Bank of India (RBI) had a.....

Tags : ODR, Digital Payments, Introduction

Making Digital Payments a Mass Movement in India, Nearly 10 lakh Citizens Get Reward Money Over Rs.153.5 Crore for Embracing Digital Payments(21.02.2017)

It has been 58 days since the launch of NITI Aayog's two incentive schemes - Lucky Grahak Yojana and Digi Dhan Vyapar Yojana to promote digital paymen.....

Tags : Digital payments, Movement, Reward

Steps Taken to Encourage Use of Digital Payment at Petrol Stations(06.02.2017)

The Minister of State (I/C) for Petroleum & Natural Gas Shri Dharmendra Pradhan informed the Lok Sabha in a written reply today that the Ministry of P.....

Tags : Digital payments, Promotion

Measures for Promoting Digital Payments and Creation of Less-Cash Economy: Benefit of lower rate of Income Tax on digital turnover for small businesses(20.12.2016)

The benefit of lower rate of Income-tax on digital turnover for small businesses up to a turnover of Rs.2,00,000,00 (Rupees Two Crore), announced by t.....

Tags : Digital payments, Measure, Promotion

Digital Payment Transactions - Streamlining QR Code infrastructure(22.10.2020)

1.Reserve Bank had constituted a Committee (Chairperson : Prof Deepak Phatak) to review the current system of Quick Response (QR) Codes in India and s.....

Tags : Digital Payment, Transactions, QR Code

Expanding and Deepening of Digital Payments Ecosystem(07.10.2019)

With a view to expanding and deepening the digital payments ecosystem, it has been decided that all State/UT Level Bankers Committees (SLBCs/UTLBCs) s.....

Tags : Expanding, Digital Payments, Ecosystem

Furthering digital payments - Waiver of charges - National Electronic Funds Transfer (NEFT) system(16.12.2019)

A reference is invited to RBI circulars DPSS CO (EPPD)/98/04.03.01/2012-13 dated July 13, 2012 on National Electronic Funds Transfer (NEFT) System - R.....

Tags : Digital Payments, Waiver, Charges