RBI's new rules on interchange fee, 24/7 bulk clearing facility functional

The RBI in June raised the interchange fee for financial transactions from Rs 15 to Rs 17, while for non-financial transactions the increase was done from Rs 5 to Rs 6. These new rates have become applicable from August 1, 2021, as per the RBI's direction.

from Banking/Finance-Industry-Economic Times https://ift.tt/3j3kCG0