Banking, UPI & cards

The yield on the 10-year US Treasury bond climbed above 5.3% on 1 October 2026, its highest level since 2002. Because so many loans, currencies and stock…

PetitionFox’s answer What happened - The 10-year US Treasury yield peaked at about 5.31–5.34% on 1 October 2026, its highest since 2002, before easing to around 5.25% by 2 October. - The 30-year yield went above 5.6%,…

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From 15 October 2026, a new 0.4% charge kicks in on some UPI payments to merchants above ₹2,000. Headlines and forwards saying "UPI charges from October 15"…

PetitionFox’s answer Short answer: no. As the person paying, you won't be charged. The new 0.4% fee (called MDR, merchant discount rate) is paid by the merchant, not the customer. What stays completely free - Sending…

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On Wednesday, 7 October 2026, the RBI's Monetary Policy Committee raised the repo rate by 0.25 percentage point to 5.5%, its first increase since February…

PetitionFox’s answer The decision (7 October 2026) - Repo rate: up 0.25 percentage point to 5.50% (from 5.25%). The MPC voted 6-0 for the hike, its first since February 2023. - Stance: changed to "calibrated tightening"…

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🏦Banking AApple Question

Apple Pay went live in India on 30 September 2026. Lots of iPhone users opened the Wallet app, tried to add their HDFC, ICICI, SBI Card or RuPay card, and…

PetitionFox’s answer Short answer: not yet. At launch, Apple Pay in India works only with Axis Bank-issued Visa and Mastercard credit cards. What works and what doesn't (as of 2 October 2026) - ✅ Axis Bank credit cards…

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