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  • Question
  • Name of the Bank which becomes first lender to charge for UPI use?


  • Options
  • A. Yes Bank
  • B. Axis Bank
  • C. ICICI Bank
  • D. Kotak Mahindra Bank

  • Correct Answer
  • Kotak Mahindra Bank 

    Explanation
    Kotak Mahindra Bank (Kotak) stated that it will charge customers for UPI transactions starting 1st of May 2019. For each Kotak Bank account, the first 30 UPI fund transfers will be free after which a charge will be levied on all fund transfers from the bank account. This will be applicable across all platforms, including Paytm, PhonePe, Google Pay or Truecaller Pay among others. The bank will charge Rs 2.50 per transaction for an amount value below or equal to Rs 1,000, and Rs 5 per transaction will be levied for a payment value above Rs 1,000.

  • More questions

    • 1. The scientists of which country have successfully created the first-ever artificial crater on an asteroid 'Ryugu'?

    • Options
    • A. United States
    • B. Japan
    • C. China
    • D. Australia
    • Discuss
    • 2. How many Indian Navy Ship will take part in Chinese Navy's 70th anniversary celebrations?

    • Options
    • A. 3
    • B. 2
    • C. 5
    • D. 4
    • Discuss
    • 3. Royal Thai Embassy organised the 3rd edition of Namaste Thailand festival in __________.

    • Options
    • A. Jaipur
    • B. Ahmedabad
    • C. New Delhi
    • D. Surat
    • Discuss
    • 4. Which of the following has been awarded Best Capital City in the Solid Waste Management in the Swachh Survekshan 2018 rankings?

    • Options
    • A. Hyderabad
    • B. Pune
    • C. Bangalore
    • D. Ahmedabad
    • Discuss
    • 5. Name the Bengali author who has passed away, recently.

    • Options
    • A. Vijayendra Ghatge
    • B. Subhash Mukhopadhyay
    • C. Sushant Sanyal
    • D. Ramapada Chowdhury
    • Discuss
    • 6. Sulagitti Narasamma, who passed away recently, was the renowned social worker of which state?

    • Options
    • A. Kerala
    • B. Karnataka
    • C. Andra Pradesh
    • D. TamilNadu
    • Discuss
    • 7. US-based Hyperloop Transportation Technologies was launched the first full-scale transportation capsule recently. The name of the capsule is;

    • Options
    • A. Eagle Pneumatic
    • B. Pevco
    • C. Quintero One
    • D. Minnesota
    • Discuss
    • 8. Veteran cricket coach Ramakant Achrekar passed away at the age of 87. For whom he trained?

    • Options
    • A. Sachin Tendulkar
    • B. Rahul Dravid
    • C. MS Dhoni
    • D. Virender Sehwag
    • Discuss
    • 9. What was the theme of the 5th Asia Pacific Broadcasting Union (ABU) Media Summit on Climate Action and Disaster Preparedness?

    • Options
    • A. Focus on occupational safety and health has largely been confined to four sectors
    • B. For procurement and marketing support to MSMEs
    • C. Media Solutions for Sustainable Future: Saving Lives, Building Resilient Communities
    • D. Innovative Solutions for environmental challenges and sustainable production and consumption
    • Discuss
    • 10. The book "Kalkatta" has been authored by whom?

    • Options
    • A. Kunal Basu
    • B. K Satchidanandan
    • C. Ernest Hemingway
    • D. Venkatasubba Rao
    • Discuss


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