New Delhi. Reserve Bank of India (RBI) has added a new feature called “Single Block & Multiple Debit”. This feature will prove to be very helpful for job seekers. If PhonePe And use UPI payment platform like GPay, and are not able to control salary and your expenses, then UPI “Single Block & Multiple Debit” will give you the option to fix salary, so that you can pay for monthly expenses at the beginning of the month. You will be able to set up UPI payment only.
How will the “Single Block & Multiple Debit” feature work?
This feature is an extension of Auto Debit. Suppose if you recharge many services like Ototi apps, Dish TV every month, then for that you can fix some part of salary for UPI payment, after that UPI payment will be done automatically on recharge date. With the help of this feature, you will be able to fix the amount for one month or several months of recharge.
Will be able to manage salary in a better way
Simply put, if your monthly salary is Rs 50,000, and you spend Rs 15,000 on recharge and online shopping every month, then you can spend Rs 15,000 for one month or Rs 45,000 for 3 months for UPI payments. Will be able to fix it. This way you will not have to make UPI payment every month. Also, you will be able to manage the rest of the salary in a better way.
New feature will be launched soon
The Reserve Bank of India (RBI) has announced that the “Single Block and Multiple Debit” feature will be launched soon. It will be present on all UPI payment platforms. Also, this feature will offer the facility of multiple UPI debits.