Question

The Reserve Bank of India, recently has hiked the UPI 123Pay per- transaction limit to ________

Q: Answer-The Reserve Bank of India, recently has hiked the UPI 123Pay per- transaction limit to ________

Th e Reserve Bank of India, in order to encourage wider adoption of UPI, in Oct 2024, decided to enhance the limits for the following products of UPI UPI123Pay Currently, the per-transaction limit in UPI123Pay is capped at 5000. In order to widen the use-cases, the per-transaction limit is enhanced to 10,000. UPI123 was launched in March 2022, with a view to enable feature-phone users to use UPI. This facility is now available in 12 languages. UPI Lite To widen the scope of usage of this product, the UPI Lite wallet limit was increased to 5,000 previously 2000 per UPI Lite wallet and per-transaction limit to 1,000 from 500 per transaction with the facility of auto-replenishment.