Quick Summary
The Ministry of Finance, through theDepartment of Financial Services (DFS), has notified specific electronic modes of payment under the Payment and Settlement Systems Act, 2007, reinforcing the government's focus on promoting convenient and cost-free digital payments. Through Notification S.O. 5067(E) dated September 14, 2026, the Central Government has specified RuPay-powered debit cards and UPI transactions up to Rs 2,000 as electronic modes of payment covered under Section 10A of the Payment
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FAQ :
The notification covers RuPay-powered debit cards and Unified Payments Interface (UPI) transactions up to £2,000.
No, banks or system providers cannot impose any direct or indirect charges on individuals or businesses making or receiving payments through these specified electronic modes.
UPI transactions up to £2,000 are covered by the no-charge rule.
The notification was issued by the Department of Financial Services (DFS) under the Ministry of Finance.
The notification is issued under Section 10A of the Payment and Settlement Systems Act, 2007.
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