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  • Question
  • Who has reduced the UPI transaction charges from 25 paise to 10 paise up to Rs.1,000?


  • Options
  • A. Reserve Bank of India
  • B. State Bank of India
  • C. National Payments Corporation of India
  • D. Banking Codes and Standards Board of India

  • Correct Answer
  • National Payments Corporation of India 

    Explanation
    For promoting the adoption of Unified Payments Interface (UPI), the National Payments Corporation of India (NPCI) has reduced the transaction fees up to Rs 1,000 by 60%. For UPI transactions up to Rs.1,000, the charge has been cut to 10 paise from 25 paise, and for transactions above Rs.1,000 has been retained at 50 paise. This will help the service provider banks, third-party applications and at the same time will also help the consumers in the long run as more cash backs and incentives can get offered. At present Google Pay, Paytm and PhonePe are aggressively promoting UPI by offering case back and other benefits.

  • More questions

    • 1. Which film won the Best Foreign Film in Oscar 2019?

    • Options
    • A. Shoplifters
    • B. Cold War
    • C. Roma
    • D. Capernaum
    • Discuss
    • 2. Which Hockey team won Malaysia series?

    • Options
    • A. Germany
    • B. Spain
    • C. India
    • D. Malaysia
    • Discuss
    • 3. The Union Cabinet approved the signing of a new Air Services Agreement with this country recently.

    • Options
    • A. Poland
    • B. Germany
    • C. Serbia
    • D. Australia
    • Discuss
    • 4. Government infused a capital of Rs. 205 crore with which bank recently?

    • Options
    • A. Indian Overseas Bank
    • B. Punjab National Bank
    • C. Bank of Baroda
    • D. Bank of Maharashtra
    • Discuss
    • 5. The Union Cabinet approved four GST related bill recently. Identify which of the following is not one of them.

    • Options
    • A. The Central Goods and Services Tax Bill 2017
    • B. The Integrated Goods and Services Tax Bill 2017
    • C. The Union Territory Goods and Services Tax Bill 2017
    • D. The States Goods and Services Tax Bill 2017
    • Discuss
    • 6. Which of the following movies won the 89th Academy Awards for the Best Picture?

    • Options
    • A. La La Land
    • B. Arrival
    • C. Moonlight
    • D. Lion
    • Discuss
    • 7. Which film has been chosen as Bangladesh's official entry for the Oscars 2019?

    • Options
    • A. Dhaka Attack
    • B. Nabab
    • C. Doob
    • D. Detective
    • Discuss
    • 8. Where did India's first natural Ice Cafe located?

    • Options
    • A. Himchal Pradesh
    • B. J&K
    • C. Sikkim
    • D. Arunachal Pradesh
    • Discuss
    • 9. ISRO Launches PSLV C-45 Carrying EMISAT with how many Nano satellite?

    • Options
    • A. 28
    • B. 12
    • C. 25
    • D. 32
    • Discuss
    • 10. The book "An Unsuitable Boy" is the autobiography of which Indian personality?

    • Options
    • A. Twinkle Khanna
    • B. Rishi Kapoor
    • C. Rahul Bose
    • D. Karan Johar
    • Discuss


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