Cheque payment to FASTag, rule changes that will affect your money in 2021

Cheque payments will be safer; the limit for contactless card transactions to increase

Several rules that have a bearing on your financial life will change on January 1, 2021. Adapt to them at the earliest so that you are able to benefit from them. Failure to do so could result in lost opportunities and, in some cases, even a fine.

Contactless payment limit hiked: Starting January 1, the limits for contactless card transactions and e-mandates for regularly occurring transactions through cards and the Unified Payment Interface (UPI) have changed from Rs 2,000 to Rs 5000. T R Ramachandran, group country manager (India and South Asia) at Visa, says: “The Reserve Bank of India’s (RBI’s)