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Banks asked to stock ATMs before UPI fees?

CorroboratedIndependently reported by at least two distinct newsrooms in our registry.

Cross-source confidence: 70% — how consistently independent sources report the same core facts, scored deterministically.

The Reserve Bank of India has ordered banks to stock ATMs with adequate cash before raising UPI transaction fees. With UPI handling over 8 billion monthly transactions, the directive aims to prevent service breakdowns during the fee shift. Banks now face pressure to avoid shortages that could disrupt payments and spark backlash, especially among small merchants who may bear higher costs.

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Where this is reported

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