UPI Linking With Credit Cards: If you also use Unified Payments Interface (UPI), then this news can prove to be useful for you. People in India use UPI in large numbers. Now a platform will get a new facility, which is especially for the credit card users of some banks. The cards of the country’s largest card issuers SBI, ICICI Bank and Axis Bank will soon be available on the “RuPay Credit Card on UPI” feature, Business Standard reported.
These banks are already active
This facility can start from March next year. Under which a transaction of about Rs 50 lakh will be possible. Currently banks are working on it. Mails have also been sent to the banks for this. Recently HDFC Bank also became active for this feature of UPI. Earlier many banks were also connected. Union Bank of India, Punjab National Bank and Indian Bank are included in this list.
The feature was launched this year
Let us tell you that this feature was launched by the National Payments Corporation of India. For this, in June this year, the Reserve Bank of India had given permission to link UPI and credit. It is also being said that RBI will start many other facilities as well. Along with this, the system of digital payment will also be expanded.