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PFRDA allows NPS subscribers to deposit contributions through UPI QR code

Pension fund regulator PFRDA has allowed NPS subscribers to deposit contributions through UPI QR code. This advancement simplifies the contribution process, making it more accessible and efficient for NPS participants. Explore the benefits of this new mechanism for retirement savings and systematic investment planning.
Development Authority National Pension System Pension Fund Regulatory Unified Payments Interface Direct Remittance Permanent Retirement Account Number

UPI QR Code: SBI, HDFC Bank, Bank of Baroda, other banks allow you to scan UPI QR code and pay via RBI CBDC; how it works

Several banks have recently enabled a new functionality for their customers who are transacting using e-Rupee or Digital Rupee, which is Indias Central Bank Digital Currency (CBDC) product. This new functionality enables Digital Rupee users to scan UPI QR codes to make payments in CBDC. Read here for details.
Joydeep Dutta Roy Kotak Mahindra Bank Union Bank Central Bank Digital Currency Punjab National Bank Axis Bank

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YES Bank goes live with UPI interoperability on CBDC

YES Bank has announced that it has launched Unified Payments Interface (UPI) Interoperability on the Reserve Bank of Indias Central Bank Digital Currency (CBDC) app. This will allow users to scan any UPI QR code through the YES Bank Digital Rupee app and make transactions seamlessly. This move aims to expand the reach of the Digital Rupee and highlights the banks commitment to digital innovations.
Central Bank Digital Currency Bank Digital Rupee Bank On Unified Payments Interface Reserve Bank Digital Rupee

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