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09-Oct-24

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RBI enhances transaction limits on UPI 123, UPI Lite

The Reserve Bank of India (RBI) has announced an increase in the transaction limits for UPI 123Pay and UPI Lite. The per-transaction limit for UPI 123Pay has been raised from ?5,000 to ?10,000, while the UPI Lite wallet limit has increased from Rs 2,000 to Rs. 5,000.

Key Points

Enhance per transaction limit in UPI 1 2 3 pay to Rs. 10000 from Rs. 5000
UPI Lite wallet increased to Rs. 5000 from Rs. 2000
UPI Lite per transaction limit raised to Rs. 500 from Rs. 100

By: Brijesh Kumar

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