BSc magazine October

New RBI norms are on page 13 of BSC

BSc magazine October With the Reserve Bank of India (RBI) releasing operational guidelines on interoperability of prepaid payment instruments (PPIs), mobile wallet users will soon be able to transfer funds from one wallet to another and, eventually, BSc magazine October from their wallets to bank accounts through the unified payments interface (UPI) platform. It will also allow mobile wallets to issue UPI handles and cards. BSc magazine October  This will enable non-bank PPIs to act as quasi-banks in terms of payments, increasing tension between mobile wallet companies and payments banks. BSc magazine October  The only difference will be that payments banks will pay interest on deposits, while wallet balances will not yield any return. While payments banks customers can retain deposits of up to rl lakh in their accounts, for full-KYC wallets, the total amount loaded in a month cannot exceed 10,000 (annual amounts are limited to s"I lakh). BSc magazine October