UPI Transaction Limits Changed: The National Payments Corporation of India (NPCI) has increased the UPI transaction limit to Rs. 5 Lakhs, but this applies only to specific types of transactions. For more details regarding this, continue reading below.
The UPI can transfer up to Rs 1 lakh per day. However, the new rule has been relaxed only for certain services. The new UPI limit will apply to transactions such as payments to hospitals and educational institutions, tax payments, and payments for investment in IPOs and other RBI’s Retail Direct Scheme. These changes will be in effect from September 16, 2024.
The UPI can transfer up to Rs 1 lakh per day. However, the new rule has been relaxed only for certain services. The new UPI limit will apply to transactions such as payments to hospitals and educational institutions, tax payments, and payments for investment in IPOs and other RBI’s Retail Direct Scheme. These changes will be in effect from September 16, 2024.