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    Question

    The daily aggregate limit for Person-to-Merchant (P2M)

    transactions under UPI has been raised to:
    A ₹5 lakh Correct Answer Incorrect Answer
    B ₹6 lakh Correct Answer Incorrect Answer
    C ₹8 lakh Correct Answer Incorrect Answer
    D ₹10 lakh Correct Answer Incorrect Answer
    E ₹12 lakh Correct Answer Incorrect Answer

    Solution

    The National Payments Corporation of India (NPCI) increased the daily aggregate limit for P2M transactions to ₹10 lakh in categories such as insurance, capital markets, travel, collections, and GeM. This supports higher-value transactions compared with earlier limits, thus making UPI usable for larger financial activities.

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