RBI has taken a big and historic decision for Zero-Balance i.e. BSBD (Basic Savings Bank Deposit) Account Holders. Now the scope of facilities available to BSBD Accounts has been expanded, due to which these accounts will now provide facilities like full-featured Savings Account – that too without any minimum balance and no additional charges. Under the new rules, now you can deposit cash in Zero-Balance account as many times as you want, there will be no limit on this. Besides, the facility to order money online or by cheque will also be provided. This will provide great relief to students, financially weak people and those using basic banking. Customers will now get ATM or ATM-cum-Debit Card without any annual charge. Apart from this, check book of at least 25 pages in a year, free internet banking, free mobile banking, and free passbook or monthly statement will also be made available. To withdraw cash, customers will get at least 4 free withdrawals every month. The special thing is that digital transactions—UPI, NEFT, RTGS, IMPS, PoS—will not be counted in the limit of these four free withdrawals. The most important change is that banks will no longer be able to discriminate against BSBD account holders, and will have to provide them the same facilities as other customers.

India’s largest bank State Bank of India (SBI) announced on 30 November 2025 that the bank will completely discontinue the M-Cash service. From December 1, 2025, it will not be possible to send money through mCASH on the OnlineSBI platform and YONO Lite app. The bank has advised account holders to use secure digital payment means like UPI, IMPS, NEFT or RTGS to transfer money to any person or account.

What was mCASH service and how did it work?

mCASH was a money transfer facility of SBI through which you could send money only with the help of mobile number or email ID and an mPIN code. The receiver received a link or code, which he used to claim through the app or link. After making the claim, the money was transferred directly to his bank account.

Why was mCASH service discontinued?

SBI described mCASH as an old and less secure process. Now secure digital payment methods like UPI, IMPS, NEFT and RTGS are being used in large numbers in the country. These are fast, secure and reliable, hence the bank advised the account holders to use modern digital payment platforms by removing mCASH.

In what ways can people transact now?

Unified Payments Interface (UPI)

UPI has become India’s fastest and most reliable digital payment platform. In this, the beneficiary’s bank account number or IFSC code is not required. You can send money instantly with just your mobile number or UPI ID. It is used everywhere from street vendors to big hotels. For UPI you can use BHIM, Google Pay, PhonePe or SBI’s own BHIM SBI Pay / YONO app.

IMPS i.e. Immediate Payment Service

There is such a fast banking facility through which you can send money instantly at any time of the day or night, weekend or holiday. This is very useful when you have to transfer money to someone’s account immediately, because the money is immediately deducted from your account and deposited into the beneficiary’s account. SBI customers can easily use it through net banking or YONO app. For transaction, you only need the beneficiary’s account number, bank name, IFSC code and sometimes mobile number. This is why IMPS is considered the most reliable digital payment option for immediate needs.

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Junio ​​Payments Pvt Ltd, started in 2020, has been launched by Ankit Gera and Shankar Nath. Junio ​​app is for children and youth. This app teaches them to spend responsibly and develop the habit of saving. In this, parents can transfer money and set spending limits and can see every transaction. The app also features task rewards and savings goals, and the RuPay branded card allows for both online and offline transactions.

Imagine, your child is making online payments for his small needs, without any bank account. All this is not just a dream, but is now going to become a reality. RBI has given permission to Junio ​​Payments Private Limited for digital wallet service, which will provide the facility to children to make UPI payments. Now they can link to their parents’ account and shop online by scanning the QR code. This is not just a convenience, but a new way of teaching financial understanding and responsibility to children. Let us know how this will work.

Now payment is possible even without an account

India is among the leading countries of the world in terms of digital payments. Today, from small shops to big malls, people are using digital payments. Although, this generally requires a bank account, but under the new initiative of RBI, online payment will now be possible even if you do not have a bank account.

Children will also be able to pay

RBI has given permission to Junio ​​Payments Private Limited to start digital wallet services. Through this new wallet, children will be able to make payments by scanning the UPI QR code even without their bank account. This facility is linked to NPCI’s UPI Circle initiative, through which parents can link their UPI account to their children’s wallet.

what is its purpose

The purpose of Junio ​​Payments is not just to facilitate payments. The objective behind this is to teach financial prudence to children and youth. Ankit Gera and Shankar Nath launched this app so that children can learn the habit of spending responsibly and saving. Parents can transfer money, set spending limits and monitor every transaction in the app.

Features like task rewards and saving goals are available in Junio ​​app. With this, children learn in a practical way how to save money, control expenses and develop financial understanding at a young age. Till now more than two million youth have used this app.

How does Junio ​​Wallet work?

Parents will link their UPI account to their children’s wallet.

Children can make payment at any shop or online platform by scanning the QR code.

Since the expenditure limit is already fixed, children will not be able to spend more than necessary.

A record of every transaction is available in the app, so that parents can monitor the transactions.

The biggest advantage of this facility is that children can become a part of the digital world even without a bank account. This initiative not only simplifies the payment process but also inculcates financial discipline and understanding among children. In the digital age, this step is important to teach children the correct identification of money, the habit of spending and saving and responsibility.

This app may be updated further in future

In the future, Junio ​​Payments and NPCI can jointly bring more new features, such as online withdrawals and linking savings plans to the wallet. With this, children will gradually be able to develop financial literacy. Parents can also keep an eye on their children’s money with the help of this system and give them the habit of smart and safe digital usage. With this new digital facility, making online payments will become safe, simple and educational for children. This step is a significant change towards digital financial inclusion in India.

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If you pay with UPI and have failed the problem of transaction fail or wrong transfer, then this news is for you. NPCI has introduced a new system from 15 July 2025, under which users will get immediate refunds on failed transactions. This new system has been called RGNB (Remitting Bank Raising Good Faith Negative Chargeback), which allows banks to reject chargebacks without NPCI approval, when the customer’s complaint is found correct. This feature will be applicable with URCs, CD1 and CD2 codes. Learn in the video how to avoid complete information related to this and wrong UPI transactions.

Upi down: Digital payment is increasing very fast in the country. The number of people making digital payments has also increased. However, technical problems are also coming out due to increasing dependence on digital payment. On Saturday, once again a large number of people complained about not working of UPI platforms like Google Pay, Phonpe and Paytm. Thousands of users have raised the matter of failure failure, transaction stuck and transfer in transfer on social media. Let us know why UPI payment comes to a standstill.

NPCI replied

NPCI is Currently Facing Intermittent Technical Issues, Leading to Partial UPI Transaction Declines. We are working to resolve the issue, and will keep you updated.

We regret the increase caused.

– NPCI (@NPCI_NPCI) April 12, 2025

According to the information, the National Payments Corporation of India (NPCI) has posted a post on X in which information about the stallest UPA has been shared. According to NPCI, UPI services have been interrupted due to some technical difficulties. He said that the team is engaged in solving this problem. However, once again no clean or concrete response has come out. Like every time, NPCI has postponed the matter by naming it just a technical problem.

People are getting upset due to UPI shutdown

Let me tell you that this is not the first time when UPI payment has come to a complete standstill. In the past, this has been seen many times when people have faced trouble on UPI payment like Google Pay, Phone Pay Plaform. This is the third time in the last one month when users have suffered such problems. After adopting digital payment, people have almost forgotten to carry wallets or cash. In such a situation, when UPI services suddenly come to a standstill, everyone from common people to shopkeepers has to face a lot of problems.

NPCI should answer

UPI is the most commonly used payment system in the country. In such a situation, its thrice stalled in a month raises a serious question on the system. Users are very upset due to frequent technical disturbances and this is also getting less than UPI. In such a situation, NPCI needs to take a clear and strong stand on this.

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Upi server down: Unified Payments Interface (UPI) services have been affected across the country, due to which the transaction has come to a standstill. If users are complaining about not making UPI payment, then shopkeepers are also competing to not get payment from customers. Users of UPI platform apps like Paytm, PhonePe and Google Pay are reacting to not making payment on social media due to stagnation of UPI services across the country.

NPCI’s statement has also come about this. It states that UPI transactions are partially failing due to technical problems. The team is constantly working to solve this problem. The update will be released soon.

Many users got trapped transactions

Many users’ payments have also been stuck due to the state of UPI’s services in the country. Actually, users shopping at shops are complaining about the payment being stuck. Many users say that they paid, but he did not reach the merchant and the money was deducted from the account.

Money is back in so many days

Today, everyone in India makes UPI payment. UPI payment is also taken from big shopkeepers to small shops. If you too have paid from UPI and the payment has failed, but the money has been deducted from your account, then you do not need to panic in this situation. According to RBI rules, banks have to return within a day. If it takes more than a day, then banks have to pay the customer per day.

Can complain here

Sometimes UPI payment gets stuck due to haste or technical problem, or goes to someone’s account. In such a situation, you do not need to panic. To get this kind of money back, you need to file a complaint within 48 hours, after which there is no guarantee of stuck money. If you are also facing this situation, then file a complaint on toll-free number 1800-120-1740. Apart from this, you can also talk on customer care on your apps. Despite this, if your money is not returned, then you can also contact your bank, the bank will help you in this. At the same time, you can also file a complaint on the portal of National Payments Corporation of India (NPCI).

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