No UPI users can block a specific amount to meet a specific purpose or to pay a merchant.
RBI announced the launch of Central Bank Digital Currency (CBDC) soon, i.e. from Thursday onwards.
The Reserve Bank of India (RBI) directed banks to close the credit card of customers within seven working days of their request.
The central bank proposed to launch two versions of the digital rupee.
RBI wants to introduce charges on UPI-based transactions.