Mar.19: NEWS FLASH
- Posted by CERC India
- Posted in March
Limit introduced for UPI transactions Â
The Unified Payments Interface (UPI) system, the governmentâ€™s favorite mobile application to boost digital transactions, comes with a clause now. A user can make only 10 transactions per bank account per day. If a person has more than one bank account, even if they are linked with same mobile number, one can make more than 10 transactions per day.
BHIM, Google Pay and Paytm users will also face the limit as they use UPI to transfer and receive funds. The National Payments Corporation of India (NPCI) has introduced the clause as part of new checks and balances, believing that it will encourage genuine transactions in UPI.
Setback for users
Consumer court fees reducedÂ
The Central Government has issued a notification reducing the court fees payable forÂ filing cases before the district consumer disputes redressal forums. The notification amends Section 9-A of the Consumer Protection Rules, 1987.
As per the revised fee structure, no court fee has to be paid for disputes valued up to Rs. 5 lakh, for disputes valued between Rs. 5 lakh and Rs. 10 lakh, the case fee is Rs. 200 and for disputes valued between Rs. 10 lakh and Rs. 20 lakh, the case fee is Rs. 400. Earlier, for cases involving up to Rs. 5 lakh, the case fee was Rs. 200; for cases up to Rs. 10 lakhÂ the court fee was Rs. 400; and for those up to Rs. 20 lakhÂ the case fee was Rs. 500.
Welcome moveÂ Â Â