CrackitToday App

Unified Payments Interface (UPI) block mechanism

Kumari Sonali

Unified Payments Interface (UPI) block mechanism:

Securities and Exchange Board of India (SEBI) proposed mandatory Unified Payments Interface (UPI) block mechanism facility for secondary market trading using the UPI-based block mechanism to their clients.It is similar to the Application Supported by Blocked Amount (ASBA) facility that allows trading with blocked amounts.

...Read more on our test console

...Read these too

  • Unified Payments Interface (UPI)

    Unified Payments Interface (UPI): The Unified Payments Interface (UPI) payments system has cut across the Indian socio-economic digital divide amazingly fast. Even though UPI is indeed a groundbreaking innovation in…

  • New Features For The Unified Payments Interface

    New Features For The Unified Payments Interface: The Reserve Bank of India (RBI) has recently introduced two new features for the Unified Payments Interface (UPI). These new features are poised…

  • Unified Payments Interface As a Third-Party Application Provider

    Unified Payments Interface As a Third-Party Application Provider: The National Payments Corporation of India has recently granted approval to Paytm-owner One97 Communications Ltd to participate in Unified Payments Interface (UPI)…