The popularity of UPI payments is increasing in the country. Whether it is to buy daily use goods or send money to someone, UPI helps us everywhere. UPI gives you the facility to transfer money easily. If you also use UPI then there is good news for you. National Payments Corporation of India (NPCI) has increased the limit of online payment to Rs 5 lakh. However, this facility will be available for some special categories.
Let us tell you that usually, the limit of a single transaction is Rs 1 lakh, while for transactions related to the capital market, collection, insurance, and foreign inward remittance, this limit is Rs 2 lakh per day
Limit up to 5 lakh on these 3 types of UPI transactions
1) Tax payment
2) Hospital and education institute
3) For IPO and RBI Retail Direct Scheme
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