UPI MONEY DEDUCTED
UPI Payment failed or stuck? When banks must refund your money and pay ₹100 per day in compensation
Have you ever faced a situation where a UPI payment was debited from your account but not received by the recipient? Discover the steps to handle failed UPI transactions, understand the reversal process, and learn how long refunds typically take. Stay vigilant against potential fraud while navigating the complexities of digital payments.
Insurance agent deposits Rs 35 lakh cash collected from policyholders in his bank account, gets tax notice; he fights and wins in ITAT Jaipur
Policyholders gave Rs 35 lakh cash as insurance premiums which agent deposited in his bank a/c; Income Tax Dept sent agent notice for unexplained cash; he wins case in ITAT Jaipur.
Lighting lives beyond Diwali: How everyday Indians are making a difference through giving
An RBI officer, a Bengaluru retailer, a safari lodge owner and a 24-year-old money coach tell us how giving a little, steadily, lights someone else’s life, long after Diwali.
'Twelve years, 12 questions': Akhilesh Yadav targets Centre on banking problems in India
Akhilesh Yadav has posed twelve significant questions to the Centre about the current state of the banking sector. His concerns highlight issues like bank privatisation, high fees, and the challenges faced by customers. He queries the closure of rural branches and the accessibility of loans for young borrowers and small traders. Yadav also addresses cyber fraud, loan interest rates, and the pressure on bank employees affecting customer service.
Compensation of Rs 100 to Rs 5,000 per day for delay by bank in processing your request in these 5 situations
From stuck credit card closure requests to lost property papers, RBI rules require banks to pay you for every day they're late. A customer earlier this year won Rs 3.21 lakh for a delayed credit card closure. Here are 5 situations where the clock ticks in your favour, with compensation ranging from Rs 100 to Rs 5,000 a day.
Your UPI payment just got a price tag: what it means for GST-registered taxpayers
NPCI, which manages UPI, has brought in a merchant discount rate of 0.4% on certain person-to-merchant UPI payments above Rs 2,000.
UPI charges from October 15: FAQs on who will pay 0.4% MDR and what consumers, small vendors & large merchants need to know
UPI Payment: UPI transactions of up to Rs 2,000 will continue to be free for users. A new Merchant Discount Rate (MDR) will be introduced for certain merchant transactions above Rs 2,000. The revised framework is aimed at supporting investments in UPI infrastructure, innovation and cybersecurity. Most person-to-merchant (P2M) transactions are expected to remain unaffected. The new provisions will come into effect from October 15, 2026.
ETtech Explainer: Who pays MDR on UPI and who does not
Starting on October 15, banks and payment applications will begin earning revenue from select merchant UPI transactions. Transactions under Rs 2000 will remain exempt from new fees, while person-to-person transfers and small vendor payments under Rs 1 lakh are still free. Merchants will incur a charge of up to forty basis points for transactions over Rs 2000.
UPI Charges Explained: Will you pay a fee for Rs 2,000+ UPI payments? Government clarifies what users need to know
UPI Payment Charges Rules: Ordinary UPI users will not pay transaction fees for payments above Rs 2,000. Person-to-person UPI transactions will remain completely free, regardless of the amount transferred. Payments to merchants up to Rs 2,000 will also continue to be free of charge. A zero-MDR framework will protect eligible small merchants from the new charges. These updated provisions will take effect from October 15, 2026.
Credit card lost, and someone used it; who will cover the lost money - you or the bank?
What if a transaction takes place after you lose your card, and you don’t block it before that? Who has the liability then - you or the bank? There could be an instance where, even when you have reported your credit card as lost/missing, an unauthorised transaction takes place because of the bank’s fault. What then? Do such transactions have impact on your credit score? Find out in this article.
Bengaluru flat security deposit is 'volunteered robbery': Landlord's surprise deductions leave tenant with just Rs 7,500 out of Rs 40,000 advance
A Bengaluru tenant’s Reddit post has sparked a debate over rental deposits after he claimed that his Rs 40,000 advance was reduced to just Rs 7,500 following deductions for rent, painting, cleaning, maintenance and electricity. The tenant said some of the charges were not part of his rental agreement and called paying rental advances “volunteered robbery”.
The 'trustworthy' changes in the lives of India's middle class
Digital payments and tax reforms have significantly altered middle-class spending habits. GST has streamlined consumption taxes, impacting everyday purchases and larger items. Real estate regulations offer homebuyers greater protection during significant financial commitments. JAM trinity and telecom reforms increased formal financial access for many citizens. Infrastructure upgrades and digital services have collectively saved valuable time and effort.
Claiming Section 80G tax deduction? You must report these additional details when filing your ITR for AY 2026-2027
ITR Filing 2026: Income Tax Return forms now require additional details for Section 80G deductions. Taxpayers must report transaction reference numbers and bank IFSC codes for donations. Schedule 80GGC also mandates providing the political party's name and PAN. These enhanced disclosures apply to AY 2026-2027 filings. The changes aim to improve traceability of charitable contributions.
PhonePe wallet inactivity fees do not affect bank accounts or UPI transactions
PhonePe clarifies inactivity fees apply solely to its prepaid wallet, not linked bank accounts or UPI transactions. Users receiving notifications despite app usage are reminded wallet and UPI activities are tracked separately. The company assures no deductions from bank accounts or negative wallet balances, offering 15 days' notice for users to reactivate, withdraw, or close their wallets.
CBSE refund update for Class 12 students: Here’s who may get money back after payment glitches
CBSE refund update for Class 12 students: CBSE has announced refunds for Class 12 students who were charged extra while applying for scanned copies of answer sheets during the post-result process. The decision comes after students reported duplicate deductions, payment failures, and portal glitches on May 21 and May 22. Here’s who is eligible for refunds, how students can track payments, what proof they should keep ready, and when they should raise complaints if the money does not return.
Paytm Money approved as research analyst by SEBI
Paytm Money Limited received registration as a SEBI-approved Research Analyst, allowing it to offer investment insights, research reports, and data-driven analysis. This aligns with its goal to enhance investment offerings and user experience. The new services will be integrated into the Paytm Money app to help investors make informed financial decisions.
Now Paytm UPI users can trade in the stock market without paying money to the stock broker in advance; Here’s how
Paytm UPI: Paytm has enabled support for UPI trading blocks i.e. Single Block Multiple Debits. This means now you can trade in the stock market (BSE SENSEX, NSE NIFTY, and others) without first adding money to your demat account. Using Paytm UPI you can create a block request like ASBA and money will only be debited when you execute any securities buy trade.
Paytm enables automatic payment deduction from bank accounts for equity trading
In an exchange filing, the company said Paytm UPI now supports UPI Trading Blocks, a feature that aims to simplify the trading process. Users can now set up automatic payment deductions directly from their bank accounts.
Fraudsters use malicious mobile app to steal money from UPI users: report
Investigations into unauthorised debits through PhonePe revealed the use of a malicious app named 'PM Kisan Yojna,' and this app was distributed via multiple channels, including WhatsApp and gained control over user's SMS and device permissions.
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