Fintech News Bytes

Too much buzz about UPI charges.:zzz:
But, don’t worry you don’t have to pay any charges.:relieved:

The fee is only applicable for Wallets/PPI. Where UPI transactions made via Prepaid Payments Instruments (Such as Wallets, Credit Cards) will have an Interchange Fees of 1.1%. For payments made to merchants, that too only on transactions above ₹2,000.

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They’re Just extand and extand from 2017 :joy: no one feels serious, after take fine, people take it serious


New posters looking cool :sunglasses:

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Fi imposed credit freeze :cold_face: on my account :joy: they think i use my account for business purpose :unamused: but i do more transaction from my Jupiter account, but Jupiter don’t freeze my account :relieved:

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To how many days they will freeze like that?

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I think after analyzing, the government decides to extend the date because many people still don’t know about this.

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One of the reasons is many people have missing or wrong info in their aadhar or pan card. Hence when they try to link it, it doesn’t link due to mismatch.

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Thay are not saying about the time :joy:

Yes, addhar also gives free updates option from my addhar portal

how much money was in the account ?? . wish this kind of thing never happens with my jupiter account this freezing thing is really frightening :blob_worried: :blob_worried: :blob_worried: :blob_worried: i have seen a youtuber going through this took almost 2 3 months for him to unfreeze his account. that guy made a series of 7 8 videos with call recording.

Relax bro, they’re just freeze my credit transaction not debit transaction :joy: when i tried to load money, it’s showing me your account is temporary block or frozen… Then i contact with them by chat , they told me my account is under credit block, so they recommend me to transfer money another account ( i have only 7 :joy: so i transfer it) , then they raise a complaint and told me they will resolve it within 5 to 6 working days :unamused:

I asked him reason, they say they don’t know…

Then when i checked my mail i saw this :joy: i don’t need 2 federal bank account, so i don’t have any problem if they frozen or unfroze…

But if they stuck my money their will be a problem :unamused::unamused:

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if users don’t get some extra day for transferring money to other account then we are stuck

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No wonder if they block debit transactions.

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Fee of 1.1% applies for online transactions also?

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They’re saying me they protect my account by credit frize not to debit block :joy: lol

Fi reactive my account :rofl: but I didn’t reply there mail, even didn’t request for reactivation, but they reactivate my account by itself :sweat_smile:

Maybe it’s a technical problem of fi money

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Airtel Payments Bank will also introduce
Annual Maintenance Charge on Virtual Card from April 30, 2023.

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@jiten If Jupiter also take 25+ GST or 25 Rs like Airtel payments bank and India post payments bank. It can be reliable but 199+ GST is too high just for virtual debit card. Jupiter should reconsider about it. Jupiter can provide visa classic virtual debit card for the 25+ GST annual charges for those who don’t want to have a physical debit card. And 199+GST for existing visa signature physical debit card. It will be very good :smiling_face:. @Tanvi_Agrawal
You can introduce another option as virtual prepaid card to those who want to use a free virtual card :joy: . ( Visa prepaid card like junio, muvin, fampay, fyp, omnicard etc.)

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Prepaid Card Transaction charges are higher than Debit Card (2.5%).

If you have any then try to add money in paytm, paytm will ask for 2.5% charges for adding money via Prepaid Card.

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