RBI increased UPI transaction limit from Rs 1 lakh to Rs 5 lakh

NEW DELHI: In a latest move to facilitate higher payments through UPI, the RBI proposes to increase the per transaction limit under the payment system from Rs 1 lakh to Rs 5 lakh.

According to the RBI, the increased limit will further ease tax payments by consumers through UPI.

In another proposal, the RBI plans to allow delegated payments through the UPI to further deepen the reach and usage of digital payments.