New UPI Transaction Limits
New UPI transaction limits announced: In good news for UPI users, RBI governor Shaktikanta Das on Wednesday announced that the UPI transaction limits will be enhanced. “UPI has transformed India’s financial landscape by making digital payments accessible and inclusive through continuous innovation and adaptation,” he said.
Shaktikanta Das made this announcement as part of his monetary policy statement.The RBI governor said:
To further encourage wider adoption of UPI and make it more inclusive, it has been decided:
- First, to enhance the per transaction limit in
UPI 123Pay from Rs 5,000 to Rs 10,000 - It has also been decided to increase the
UPI Lite wallet limit from Rs 2,000 to Rs 5,000
This story is being updated
