Revolutionary Changes Proposed by RBI: Key Updates

Revolutionary Changes Proposed by RBI : Key Updates You Need to Know

RBI Now Allows 2 Users Using Same Bank Account For UPI Payments in New Rules You can Extend your UPI Linked Bank Account To Family Members. This Means, One Bank Account Can Be Used By Senior Citizens, Minors, etc on Two Different Mobile Number / Smartphones. No Need To Open a Separate Bank Account

Limit From ₹1 Lakh Has Been Extended To ₹5 Lakh for Tax Payments Using UPI

15 Days Reporting to CICs Your Information Related to Loans, Credit Cards Shall Be Updated in Every 15 Days by Banks To Credit Information Companies (CIBIL, Experian, etc). Currently This is on Monthly Basis.

Faster Cheque Clearance Cheque Clearing Cycle To Be Reduced in Just Few Hours Instead of T+1 Day. This is Another Revolutionary Move.

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