Axis Bank launches India’s first gold-backed credit line accessible through UPI: Details

Axis Bank launches India’s first gold-backed credit line accessible through UPI: Details Axis Bank customers can avail this programme at all branches that give gold loans, without even the need to visit the branch. New Delhi:Axis Bank, in collaboration with Freecharge, has unveiled Credit on UPI with Gold Loans - India’s first gold-backed credit line accessible through the Unified Payments Interface (UPI). Instant gold-backed credit via UPIIn a partnership with Freecharge, Axis Bank has launched credit on UPI with gold loans. How gold-based credit under UPI worksThe facility of credit on UPI with gold loans enables users to access fast credit against their gold assets. Understanding UPI credit lines: An overviewThe NPCI website mentions the credit line on UPI as “Credit line on UPI is an innovative financial offering developed in alignment with the Reserve Bank of India's vision to transform customers’ access to credit.