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    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.

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