Allahabad High Court Issues Notice to RBI, NPCI on Plea Seeking ‘Accept/Decline’ Option for Incoming Digital Payments

The Lucknow Bench of the Allahabad High Court has issued notice to the Reserve Bank of India (RBI) and the National Payments Corporation of India (NPCI) on a PIL seeking a mechanism that would allow bank account holders to accept or decline an incoming electronic payment before the amount is credited to their account. A

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