Current Affairs - Business - Discussion

HDFC Bank has introduced charges on UPI. These charges make small value payments over UPI more expensive than those on national electronic fund transfer (NEFT). Transactions from Rs 1 to Rs 25,000 will be charged Rs 3 plus taxes while those above Rs 25,000 to Rs 1 lakh will be charged Rs 5. As against this the NEFT charges are Rs 2.5 for transactions up to Rs 10,000 and Rs 5 for transactions above Rs 10,000. It will be charged from July 10.