New Delhi: In the Monetary Policy Committee (MPC) meeting on Wednesday, the Reserve Bank of India (RBI) announced an increase in the transaction limits for Unified Payments Interface (UPI) services.  For UPI users of keypad mobile phones without internet, the pre-transaction limit has been increased from Rs 5,000 to Rs 10,000. The UPI service, called […]

The Reserve Bank of India (RBI) has increased the limit of the UPI Lite. The limit for per-transaction for UPI limit has been increased from Rs 500 to Rs

The Reserve Bank of India (RBI) Governor Shaktikanta Das on Wednesday announced an increase in pre-transaction limits for UPI 123Pay and UPI Lite payment mechanisms.

The RBI said that the per transaction limit of UPI123 Pay will be increased to INR 10,000 from INR 5,000 currently

RBI MPC meeting: The central bank raised the transaction limits for two key UPI services—UPI 123Pay and UPI Lite—offering more convenience for millions of users.

The Reserve Bank of India (RBI) has raised the transaction limits for UPI Lite and UPI 123PAY, increasing accessibility to digital payments. The UPI Lite limit has risen from Rs 500 to Rs 1,000, while UPI 123PAY limits have doubled to Rs 10,000.