StockGro Profile picture
Mar 29 8 tweets 3 min read Twitter logo Read on Twitter
1/ #JustIn🚨: #UPI transactions not free anymore? 😯

Here’s what you need to know before going haywire on #UPIpayment ⤵️
2/ @NPCI_NPCI recently announced a new proposal.

According to the mandate - An intercharge fee of 1.1% will be charged on #UPIpayment exceeding Rs 2,000.

This proposal will come into force starting April 01, 2023.
3/ But the important question is - will you, as a consumer, be charged this 1.1% amount? 🤔

The answer is 'no!'🙅‍♂️
4/ So, imagine you carry out a transaction worth more than Rs.2000 via @Paytm, @GooglePay, #PhonePe, etc.

The merchant who finally receives this amount in their online wallet will have to pay the fee.

It will be deducted from the amount itself. 💸
5/ To make things simpler, NPCI has also made some clarifications -

✅Charges will be levied on #UPIpayment done using prepaid payment instruments (PPIs) like cards or online wallet
6/ ✅1.1% charge will be levied on small, medium, and large merchants.

✅In exceptional cases, a lower intercharge of 0.5% would be levied
7/ Additionally, zero charges will be levied on-
✅Person-2-person (P2P) transactions

✅Person-2-small business (having net value of #UPIpayments less than Rs.50,000) or P2PM transactions
8/ Did this move by NPCI come as a shocker? 🤔

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with StockGro

StockGro Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @stockgro

Mar 31
1/🚨@SEBI_India tightens regulations to protect investors and prevent fraud!

Here's what you need to know: ⬇️ Image
2/ #SEBI just had a board meeting, and they made some big decisions.

Some of the key takeaways are:👇
3/📈Amendments to SEBI Disclosure Norms:

▶ Starting from October 1st, 2023, the top 100 listed companies by market capitalization in the #stock market must confirm or deny any rumors going around about them.

And by April 1st, 2024, the top 250 companies must do the same.✅
Read 8 tweets
Mar 30
1/ What's been happening in the #IPO market lately?🤔

Let's find out! ⬇️
2/ Things are looking bleak😕as the filing of draft red herring prospectuses (DRHP) has dropped by over 50% in FY23, thanks to concerns over 👇

📈 High valuations,
🌎 Geopolitical tension
💸 Rising interest rates
3/ And with many companies withdrawing their IPO papers as they were not hopeful of getting a good share price, the current market conditions could be better. 😔
Read 7 tweets
Feb 24
1/ What is a social #stock exchange? 🤔
Here’s all you need to know⤵️ - social stock exchange
2/ As you already know, a stock exchange is a platform where you can trade stocks of listed companies.

In India, there exist several stock exchanges.

But the two main ones are - @NSEIndia and @BSEIndia. ✅
3/ But what is a social stock exchange (SSE)?

It is a separate segment of an existing stock exchange listing all social enterprises.

This facility allows social enterprises to raise funds from the public.
Read 9 tweets
Feb 16
#ShockingTruth about the stock market REVEALED!

The only way to ace the market race is to avoid popular misconceptions. Find out how you can skip shortcuts & find success here.

A thread 🧵 Image
2/ Go beyond the obvious. Whale watch i.e. monitor the actions of influential #investors & understand how they make their decisions in the stock market. 🧐
3/ Know that every chart has a story to tell, only if you know how to interpret it. 🔎

Spend time learning how to use charts, patterns, technical & fundamental indicators to make profits in the market. 📊
Read 7 tweets
Jan 27
1/ Is the Indian market on the verge of its own 'retail investors vs hedge fund' battle?

A thread on #AdaniGroup 🧵
2/ Recently, #HindenburgResearch caused Adani group stocks to crash over 15% in a day by alleging that the group was manipulating its accounts! 🚨

Adani's investors lost ₹1 lakh crore in a blink! 👀
3/ Adani's lenders & subsidiaries like #LIC, SBI & Ambuja cement also took a 🔴big hit.

Yet, the group defends that this mischievous report is aimed at hurting Adani Transmission's FPO.
Read 6 tweets
Jan 27
1/ #FoodForThought: Will the economic decisions of February 2023 shape India's future?

With #Budget2023 announcement, inflation numbers, and a potential US Fed rate hike due, February feels like a game of chess where each move can make or break the country's financial future.♟
2/ The first Federal Reserve meeting of 2023 is coming up on February 1st, and it's set to be a big one.

Fed's hawkish tone hints at another #InterestRate hike. 🚀
3/ As the interest rates move, Consumer Price Index in #India is also projected to decline about 5% in the first quarter & more over the upcoming quarters of 2024. 📉
Read 7 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(