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Mumbai: Reserve Bank Governor Sanjay Malhotra on Wednesday said there is no proposal to levy any charge on UPI transactions. The governor also said the central bank is examining a proposal to allow lenders to remotely lock mobile phones bought on credit in case of default in EMI payments. While responding to a question whether there is a proposal to levy charges on UPI transactions, which have gone up significantly, Malhotra said there was no proposal. "Is there going to be charges on UPI? Wel ...Read More >
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