The Reserve Bank of India (RBI) has imposed a penalty of Rs 1 crore on Paytm Payments Bank Limited (PPBL) over certain specified violations, as referred in Section 26 (2) of the Payment and Settlement Systems Act, 2007.
The increase of 3% is over the existing rate of 28 percent of the basic pay/pension and will be effective Now after this hike, the DA/DR will increase to 31%.
EXAMIANS