• Source:JND
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UPI Transactions: The Reserve Bank of India (RBI) has no current proposal to impose charges on UPI transactions, Governor Sanjay Malhotra announced on Wednesday during the post-policy press conference. Addressing concerns over potential fees on digital payments, he clarified that UPI will continue to remain free for users under the present policy.

Governor Malhotra’s remarks reinforce the stance of both the government and the RBI to keep UPI a zero-cost platform, aimed at encouraging broader adoption of digital payments across the country. His statement comes at a time when UPI transactions are hitting record highs, solidifying India’s position as the world’s largest real-time payments market.

“There is no proposal to levy any charge on UPI transactions,” said RBI Governor Sanjay Malhotra, putting to rest recent speculation around the issue.

He also stated, "Inflation has been down considerably, does open up space for monetary policy easing."

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Malhotra further added, "Raised GDP projection to 6.8 pc for FY26 on good economic activities in first half of this fiscal." He expressed confidence in the country’s economic outlook, describing it as being on a “very high growth trajectory,” while reaffirming the RBI’s focus on maintaining price stability.

As part of the fourth bi-monthly monetary policy review, the Governor announced a proposal to provide an enabling framework for Indian banks to finance acquisitions by Indian corporates. This move is aimed at expanding the scope of capital market lending by banks.

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Following the Governor’s announcement, Paytm (One 97 Communications) share price rose over 2 per cent , trading at Rs 1,147 on the NSE during the early afternoon session.