Question

What is the increased limit for automatic payments through UPI, as announced by the Reserve Bank of India?

A Rs 15,000 Correct Answer Incorrect Answer
B Rs 50,000 Correct Answer Incorrect Answer
C Rs 1 lakh Correct Answer Incorrect Answer
D Rs 10,000 Correct Answer Incorrect Answer
E Rs 5 lakh Correct Answer Incorrect Answer

Solution

The Reserve Bank of India increased the limit for automatic payments through UPI to Rs 1 lakh per transaction from the existing Rs 15,000 for certain categories, including subscription to mutual funds.

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