New research from RedCompass Labs shows that RTP and FedNow’s rising transaction limits are making instant payments significantly more attractive for U.S. banks. 84% of US banks say the new $10 ...

The Bangladesh Bank has raised transaction limits for mobile financial service (MFS) providers such as bKash, Rocket, and Nagad ahead of Eid-ul-Fitr, a time when money flow in the economy ...

Thinking of depositing large sums of cash into your savings account? Be careful—doing so beyond a certain threshold could invite scrutiny from the Income Tax Department. There are specific rules in ...

The income tax department has set certain guidelines to deposit cash in saving/current account in a single financial year.

The cap, approved last year, never took effect, though some banks voluntarily lowered or eliminated their fees. Here are some ...

The story so far: The Reserve Bank of India (RBI) on Monday, permitted banks and other relevant stakeholders to increase the upper limit ... individual transactions below ₹1 lakh account for ...

The RBI announced that the National Payments Corporation of India (NPCI) can revise limits for person-to-merchant (P2M) transactions on UPI, which were initially capped at Rs 1 lakh. Notably ...

The Reserve Bank of India (RBI) on Wednesday authorised the National Payments Corporation of India (NPCI) to revise transaction limits on India’s flagship real-time payments platform, Unified Payments ...

India's Central Bank RBI Governor Sanjay Malhotra announced that NPCI will have the authority to revise UPI transaction limits for in-person merchant transactions. Additionally, the regulatory ...

The Monetary Policy Committee (MPC) unanimously decided to slash the policy rate by 25 basis points to 6.25 per cent, RBI Governor Sanjay Malhotra said. The RBI reduced the repo rate by 25 basis ...

The Reserve Bank of India, today released a statement on developmental and regulatory policies. The RBI has proposed to enhance the UPI transaction limits. At present, the transaction amount for UPI, ...