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NPCI is Charitable Entity for Advancing General Public Utility: ITAT Rejects Income Tax Revision by CIT(E) [Read Order]

Avinash Kurungot

The Mumbai Bench of the Income Tax Appellate Tribunal (ITAT recently held that the National Payments Corporation of India (NPCI) qualifies as a...

Cheque Clearance Now Stable, Says NPCI After Initial Delays in Continuous Clearing System Rollout

All Banks to offer Zero Balance Savings Account! More Benefits to Customers: RBI’s New Draft...

From India to the World: UPI goes Global as Namibia Becomes First Foreign Country to Sign Licensing...

New UPI Rule - Banks Must Update Numeric ID Resolution - New UPI rule 2025 - TAXSCAN

New UPI Rule: Banks Must Update Numeric ID Resolution by March 31, 2025

Rupay on The Go: All You Need to Know

The National Payments Corporation of India ( NPCI ) has launched a campaign named “Rupay On the Go”, for increased awareness and adoption of the Rupay National Common Mobility Card ( NCMC ), placing...

NPCI - National Payments Corporation of India - Rupay On the Go - About Rupay On the Go campaign - taxscan

Unauthorised UPI ID usage by Fintechs under NPCI Scanner

In a significant move to protect user data and uphold regulatory standards, the National Payments Corporation of India ( NPCI ) has issued a stern warning to banks and fintech companies against the...

Unauthorised UPI ID usage - NPCI UPI guidelines - NPCI - National Payments Corporation of India - Fintech UPI - NPCI Scanner - taxscan

Transaction Limit for UPI increased to 5 lakh: Know the Details

The National Payments Corporation of India ( NPCI ) has increased transaction limits for tax payments using Unified Payments Interface ( UPI ), allowing people to transfer Rs. 5 lakh in a single...

One Bank Account, Multiple UPI Access: NPCI Launches "UPI Circle"

In a recent UPI Steering Committee meeting on August 3, 2023, the introduction of "UPI Circle - Delegate Payments" was unanimously endorsed, enabling National Payments Corporation of India (NPCI) to...

UPI Circle - Multiple UPI Access - NPCI UPI - UPI Delegate Payments - taxscan

"@paytm" UPI IDs to No Longer Function as Paytm begins Migration to New UPI IDs

One 97 Communications ( OCL ), the parent company of Paytm, has received authorization from the National Payments Corporation of India ( NPCI ) to transfer users to alternative banks for UPI...

paytm - UPI IDs - Function - Paytm - Migration - New UPI IDs - taxscan

MoF notifies Extension of Incentive scheme for promotion of RuPay Debit Cards and BHIM-UPI Transactions [Read Notification]

The Ministry of Finance has announced the extension of its incentive scheme to further encourage digital payments across the country. This scheme incentivizes banks and other payment system...

MoF - Ministry of Finance - MoF notification - RuPay Debit Cards - BHIM UPI Transactions - taxscan

RBI Directs NPCI to Review One97 Communication’s Request as Paytm UPI’s Third-Party Application Provider

The Reserve Bank of India ( RBI ) has issued a directive to the National Payments Corporation of India ( NPCI ) to thoroughly scrutinise the application filed by One97 Communication Ltd ( OCL ), the...