Good News To UPI Pin Users – Govt Not Charge Money For Transaction!! Finance Ministry Announced!!

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Good News To UPI Pin Users – Govt Not Charge Money For Transaction!! Finance Ministry Announced!!
Good News To UPI Pin Users – Govt Not Charge Money For Transaction!! Finance Ministry Announced!!

Good News To UPI Pin Users – Govt Not Charge Money For Transaction. This is the big relaxation news for the Unified Payments Interface (UPI) users for the money transaction. Yeah this is very good news. The Finance Ministry, Government of India officially released the statement which resembles the government have no idea to charge money for the UPI payment transaction.

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Earlier the Reserve Bank of India has some feedback from their stakeholders on the possibility of imposing a tiered charge on UPI transaction. That information brings unhappiness in the people’s mind. Now by avoid all such sad things the Ministry of Finance under our Indian Government officially twitted like the government will not charge for the UPI transaction in their official Twitter page.

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The Tweet of the Ministry reads, “UPI is a digital public good with immense convenience for the public & productivity gains for the economy. There is no consideration in Govt to levy any charges for UPI services. The concerns of the service providers for cost recovery have to be met through other means.” To get more trustable and informative news follow ExamsDaily.

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