The Reserve Bank of India (RBI) has allowed the National Payments Corporation of India (NPCI) to revise the transaction limits for Unified Payments Interface (UPI) payments made from individuals to merchants, based on economic needs. Announcing the move, RBI Governor Sanjay Malhotra said NPCI can now revise limits for person-to-merchant (P2M) and merchant-to-merchant (M2M) UPI […]
View | India’s CBDC Journey: Lessons from global setbacks and why it still has the potential to succeed – CNBC TV18
Everyone has been hyping up Central Bank Digital Currency (CBDC), and rightly so. Governments worldwide are betting big on digital currencies, but here’s the reality—most of them have struggled. China’s Digital Yuan isn’t seeing real adoption, Nigeria’s eNaira flopped, and Europe is still debating the Digital Euro. So, does India stand a chance? Absolutely but […]
Guide to all financial changes from April 2025: Credit cards, income tax, mutual funds and more – CNBC TV18
As the new financial year 2025-26 is just a few days away, multiple regulatory changes will take effect across mutual funds, credit cards, UPI transactions, taxation, and GST. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% Invest Now Equity: Large Cap 0.12% Axis […]
UPI new rules from April 1: Banks to unlink inactive mobile numbers – CNBC TV18
Starting April 1, the National Payments Corporation of India (NPCI) will unlink UPI IDs tied to inactive mobile numbers. Banks and payment service providers (PSPs) have been asked to update their databases before March 31 to remove recycled or churned numbers. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio […]
Cabinet approves ₹1,500 crore incentive scheme for low-value BHIM-UPI transactions up to ₹2,000 – CNBC TV18
The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved a ₹1,500 crore incentive scheme to promote low-value BHIM-UPI transactions for small merchants in FY 2024-25. The scheme will run from April 1, 2024, to March 31, 2025. Under the scheme, only UPI Person-to-Merchant (P2M) transactions up to ₹2,000 will qualify for incentives. Small […]
UPI expands in Singapore through NPCI International and HitPay partnership – CNBC TV18
NPCI International Payments (NIPL) has partnered with HitPay to expand Unified Payments Interface (UPI) acceptance across Singapore. Index Fund Corner Sponsored Scheme Name 1-Year Return Invest Now Fund Category Expense Ratio Axis Nifty 50 Index Fund +32.80% Invest Now Equity: Large Cap 0.12% Axis Nifty 100 Index Fund +38.59% Invest Now Equity: Large Cap 0.21% […]
FM Sitharaman slams Tamil Nadu CM Stalin over omission of Rupee symbol in budget – CNBC TV18
Finance Minister Nirmala Sitharaman has strongly criticised Tamil Nadu Chief Minister MK Stalin and his government’s stance for removing the official rupee symbol ‘₹’ from the state’s 2025-26 Budget documents, replacing it with a Tamil letter. Sitharaman described this move as a reflection of a “dangerous mindset” that undermines Indian unity and promotes secessionist sentiments […]
Indians can soon use UPI in Qatar for digital payments – CNBC TV18
After successfully integrating with Qatar National Bank’s (QNB) point-of-sale systems in July 2024, UPI is now set for full-scale rollout in Qatar. This marks a significant step in boosting digital transactions between India and Qatar, Vipul, India’s Ambassador to Qatar, recently said at the Web Summit Qatar in Doha. Index Fund Corner Sponsored Scheme Name […]
UPI Lite users can soon transfer funds back to their bank accounts – CNBC TV18
Users of Unified Payments Interface (UPI) Lite will soon be able to withdraw their balance without disabling the service. The National Payments Corporation of India (NPCI), in a recent circular, directed issuer banks, payment service provider (PSP) banks, and UPI Lite-enabled apps to activate the ‘transfer out’ functionality by March 31, 2025. Index Fund Corner […]
Coinbase ‘intends to comply with regulatory requirements’ as it explores re-entry into India – CNBC TV18
US-based cryptocurrency exchange Coinbase is considering a return to Indian after previously scaling back its operations due to regulatory challenges, reported TechCrunch, citing people familiar with the matter. Company Value Change %Change The company has reportedly reinitiated discussions with Indian policymakers and regulators, including the Financial Intelligence Unit (FIU), aiming to navigate the country’s evolving […]