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RBI announces single-block-and-multiple debit in UPI

 1 year ago
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Home News RBI announces single-block-and-multiple debit in UPI

RBI announces single-block-and-multiple debit in UPI

  • December 7, 2022

The function is anticipated to considerably improve the simplicity of payments in the e-commerce sector and towards investments in securities. Soon, RBI will issue separate directives to NPCI.

A client might create a payment mandate against a merchant by setting aside money in his or her bank account for a specific purpose that could be debited whenever necessary.

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