Wed Oct 09 07:10:34 UTC 2024: ## RBI Raises UPI Transaction Limits, Boosts UPI Lite Wallet Capacity
**Mumbai, India:** In a significant move to enhance digital payment options, the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) has increased transaction limits for the Unified Payments Interface (UPI).
The MPC has raised the per-transaction limit for UPI 123 Pay, a feature designed for feature phone users, from ₹5,000 to ₹10,000. Additionally, the limit for UPI Lite Wallet, which enables users to make quick payments without internet connectivity, has been enhanced from ₹2,000 to ₹5,000.
The per-transaction limit for UPI Lite has also been increased from ₹100 to ₹500.
These changes are expected to boost the adoption and convenience of digital payments in India. The move reflects the RBI’s continued commitment to fostering a robust and inclusive digital financial ecosystem in the country.
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