By removing the need for a physical card, UPI-ICD makes cash deposits more accessible, particularly for those who may not always have their card handy

While UPI and debit card users can make a payment to the extent funds are available in their bank accounts, credit card users must repay the utilised amount within the due date to avoid interest and penalty.

As UPI transactions crossed 10 billion in August, here are some tips senior citizens can use if they mistakenly send money to the wrong person