The Reserve Bank of India (RBI) on Friday announced to raise the Unified Payments Interface (UPI) payment limit to hospitals and educational institutions to Rs 5 lakh from Rs 1 lakh presently and hiked the cap for e-mandates for recurring payments to Rs 1 lakh.

• Unveiling the December bi-monthly monetary policy, RBI Governor Shaktikanta Das said the limit for various categories of UPI transactions has been reviewed from time to time.
• "It is now proposed to enhance the UPI transaction limit for payment to hospitals and educational institutions from Rs 1 lakh to Rs 5 lakh per transaction," he said.
• The enhanced limit will help consumers make UPI payments of higher amounts for education and healthcare purposes. Das further said that e-mandates for making payments of a recurring nature have become popular among customers.