Asserts that UPI service will further energise banking  in the Cooperative sector.

Chandigarh, September 30: Achieving a new milestone in banking  service in cooperative sector, the Punjab government led by Chief Minister Bhagwant Singh Mann has introduced UPI service in the Punjab State Cooperative bank to enable the customers to make online transactions.

Introduced the  facility of UPI in 18 branches of the Apex bank

Speaking about the initiative, the Chief Minister said that in order to encourage digital transactions in the cooperative banks, the state government has  introduced the  facility of UPI in 18 branches of the Apex bank. He said that the motive is to further streamline the functioning of bank through renewed transparency and accountability. Bhagwant Singh Mann said that now the customers of the bank will be  able to make transactions using various mobile app platforms like Google Pay, Whatsapp, Phone Pay, PayTM, BHIM and others.

UPI service : facility will enable the customers of the bank to send and receive money

The Chief Minister said that this facility will enable the customers of the bank to send and receive money from/in their accounts with the Punjab State Cooperative Bank ltd to other bank accounts.

In the initial phase, customers can perform UPI transactions up to Rs 50,000 daily, which will increase to Rs 1,00,000 in the coming days. Bhagwant Singh Mann stated that the State Government is committed to strengthening the cooperative sector in the state and will spare no effort to achieve this goal.

customers can do transactions through IMPS and RTGS.

Meanwhile, Chairman  of the bank,  Jagdev Singh Bam said that this will be a big boon for the customers of the bank. He said that the bank will introduce this facility in other branches in the coming times. He further said that Bank is already providing Mobile banking services using which customers can do transactions through IMPS and RTGS.