UPI Lite transaction limit : There is good news for UPI users. RBI Governor Shaktikanta Das on Wednesday announced that the UPI transaction limit will be increased. “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.
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RBI Governor Shaktikanta Das said on Wednesday that the pre-transaction limit in UPI 123Pay has been increased from ₹5,000 to ₹10,000. He informed that the limit of UPI Lite wallet has also been increased from ₹2,000 to ₹5,000. Along with this, it has also been decided to increase the per-transaction limit in UPI Lite from ₹500 to ₹1000.
In the announcements of RBI, RBI Governor Shaktikanta Das said that there has been a big change in the economic landscape of India through UPI transactions. Due to this, money transaction in the country has become very easy and accessible.
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