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India Consults Banks on Possible Fees for Large UPI Payments

By Uniquetimesorg September 15, 2026 0

India’s payments authorities are consulting banks and payment companies over plans to introduce charges on large transactions through the Unified Payments Interface (UPI), according to sources familiar with the discussions. The consultations follow a change in Indian payments legislation that allows fees to be charged on UPI transactions above ₹2,000. UPI payments have so Continue Reading

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Indian Banks Halt Gold And Silver Imports Amid Clearance Delay

By Uniquetimesorg April 18, 2026 0

Indian banks have temporarily halted gold and silver import orders as shipments remain stuck at customs due to delays in government clearance. The Directorate General of Foreign Trade (DGFT) has yet to issue its annual authorization order, leaving more than 5 tonnes of gold and around 8 tonnes of silver unable to enter the domestic […]Continue Reading

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India to Roll Out Risk-Based Deposit Insurance Premiums for Banks from April 1

By Uniquetimesorg February 7, 2026 0

India will introduce a risk-based deposit insurance premium system for banks from April 1, replacing a flat-rate structure that has been in place since 1962. Under the new framework announced by the Reserve Bank of India (RBI), banks will pay premiums based on their individual risk profiles, a move aimed at encouraging stronger risk management […]Continue Reading

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Banks to charge huge money after four free transactions

By uniquetimes March 2, 2017 0

While the country is slowly reviving from the aftereffects of the government’s move enabled the demonetisation of the higher denomination bank notes like five hundred rupee notes and one thousand rupee notes, our banks has beaten us with an unexpected blow by taking up a decision to charge huge money of over one hundred and […]Continue Reading

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Surgical strike on black money: Govt withdraws 500, 1000 Rs notes

By uniquetimes November 9, 2016 0

    In what could be termed as a surgical strike on black money, the Indian government last day had scrapped 500 and 1000 rupee banknotes.As per the report, the surprise move is aimed at reducing the circulation of fake notes. The report added that the move would help the Indian economy to grab an […]Continue Reading