Question
Reserve Bank of India has proposed to increase the
payment limit for UPI Lite to how much?Solution
The Reserve Bank of India ( RBI) has proposed to increase the per transaction limit for UPI Lite in offline mode from Rs 200 to Rs 500. With this, users will be able to make payments up to Rs. 500 easily. The limit for low value digital payments in offline mode including National Common Mobility Card ( NCMC) and UPI Lite is Rs. 2000.
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