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Core Purpose

Notification specifying electronic modes of payment and prohibiting charges on transactions made using these modes under the Payment and Settlement Systems Act, 2007.

Detailed Summary

The Ministry of Finance (Department of Financial Services), through Notification S.O. 5067(E) dated 14th September, 2026, exercised powers conferred by section 10A of the Payment and Settlement Systems Act, 2007 (51 of 2007) to specify certain electronic modes of payment. These specified modes include Debit Card powered by RuPay and Unified Payments Interface (UPI) transactions up to Rs. 2,000. The notification further mandates that no bank or system provider shall, directly or indirectly, impose any charge upon a person making or receiving a payment using these specified electronic modes. This directive was issued from New Delhi and signed by Saurabh Kumar, Jt. Secy., under File No. 01/05/2025-DP-DFS.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-DL-E-14092026-276170 EXTRAORDINARY PART II—Section 3—Sub-section (ii) PUBLISHED BY AUTHORITY No. 4877] NEW DELHI, MONDAY, SEPTEMBER 14, 2026/BHADRA 23, 1948 THE GAZETTE OF INDIA : EXTRAORDINARY MINISTRY OF FINANCE (Department of Financial Services) NOTIFICATION New Delhi, the 14th September, 2026 S.O. 5067(E). — In exercise of the powers conferred by section 10 A of the Payment and Settlement Systems Act, 2007 (51 of 2007), the Central Government hereby specifies the following electronic modes of payment, namely:- (i) Debit Card powered by RuPay; and (ii) Unified Payments Interface (UPI) transactions upto Rs. 2,000. 2. No bank or system provider shall impose, whether directly or indirectly, any charge upon a person making or receiving a payment by using the electronic modes of payment specified in paragraph above. [F. No. 01/05/2025-DP-DFS] SAURABH KUMAR, Jt. Secy. Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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