In a bid to boost digital transactions and financial inclusion in the country, the Reserve Bank of India (RBI) has announced an increase in transaction limits for Unified Payments Interface (UPI) services, particularly for users of keypad mobile phones.
The limit for UPI transactions to hospitals and educational institutions has been raised by the Reserve Bank of India (RBI), from Rs 1 lakh to Rs 5 lakh per transaction.
As part of its continuous bid to deepen the reach and use of digital payments in the country, the Reserve Bank of India on Thursday proposed to enhance the per transaction limit for UPI Lite digital payments in off-line mode from Rs 200 to Rs 500.
Mumbai (Maharashtra) [India], October 8 (ANI): The Reserve Bank of India (RBI) on Friday announced a revision in the transaction limit for the Immediate Payment Service (IMPS) of National Payments Corporation of India (NPCI), increasing it from Rs 2 lakh to Rs 5 lakh.