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RBI leaves policy rates unchanged, accommodative stance of monetary policy to continue as long as necessary Real GDP growth for 2020-21 is projected at -7.5%, second half of 2020-21 expected to show positive growth RBI Governor Announces Set of Measures to Revive Economy The Reserve Bank of India (RBI)s Monetary Policy Committee (MPC) has voted unanimously to leave policy repo rate unchanged at 4%. At the same time, Marginal Standing Facility and Bank Rate will also remain unchanged at
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FAQ :
The limits for contactless card transactions and e-mandates for recurring transactions via cards and UPI are being increased.
The new limit for contactless card transactions will be £5,000.
The limit for e-mandates for recurring transactions through UPI will also be increased to £5,000.
These increased limits will be effective from January 1, 2021.
The aim is to expand the adoption of digital payments safely and securely.
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