The Telecom Regulatory Authority (TRA) of India's Telecommunication Tariff (Sixty First Amendment) Order, 2016 lays down a revised framework for Unstructured Supplementary Service Data (USSD) based mobile banking and payment services. The amendment prescribes a revised ceiling tariff for conducting a banking transaction including payment services through a mobile phone over USSD. The document also includes an explanatory memorandum to provide the rationale for this regulatory action.
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