📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

     What is the maximum limit for UPI123 Pay and UPI Lite

    Wallet transactions?
    A ₹5,000 for UPI123 Pay, ₹2,500 for UPI Lite Wallet Correct Answer Incorrect Answer
    B ₹10,000 for UPI123 Pay, ₹5,000 for UPI Lite Wallet Correct Answer Incorrect Answer
    C ₹15,000 for UPI123 Pay, ₹7,500 for UPI Lite Wallet Correct Answer Incorrect Answer
    D ₹20,000 for UPI123 Pay, ₹10,000 for UPI Lite Wallet Correct Answer Incorrect Answer
    E ₹25,000 for UPI123 Pay, ₹15,000 for UPI Lite Wallet Correct Answer Incorrect Answer

    Solution

    Explanation: RBI has set a transaction limit of ₹10,000 per transaction for UPI123 Pay and ₹5,000 per transaction for UPI Lite Wallet to facilitate small-value digital payments.

    Practice Next
    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call