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    Question

    What is the new transaction limit set by the RBI for UPI

    Lite, which was increased from Rs 200 to __________ .
    A Rs 500 Correct Answer Incorrect Answer
    B Rs 1000 Correct Answer Incorrect Answer
    C Rs 2000 Correct Answer Incorrect Answer
    D Rs 3000 Correct Answer Incorrect Answer
    E Rs 5000 Correct Answer Incorrect Answer

    Solution

    The RBI has increased the transaction limit of UPI Lite to Rs 500 from Rs 200. UPI Lite is available on Paytm, BHIM App, GooglePay, and other payment apps. Canara Bank, HDFC Bank, Indian Bank, Kotak Mahindra Bank, Punjab National Bank, State Bank of India, Union Bank of India, and Utkarsh Small Finance Bank are already live on the UPI Lite board.

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