RBI has enhanced UPI limits

The Reserve Bank of India (RBI) has raised the transaction limits for UPI 123Pay and UPI Lite.

This move makes digital payments more accessible, especially for users without smartphones or reliable internet.

The UPI 123Pay per-transaction limit has increased from ₹5,000 to ₹10,000 for feature phone users.

For UPI Lite wallets, the balance limit has been raised from ₹2,000 to ₹5,000.

The per-transaction limit for UPI Lite has also been increased from ₹100 to ₹500.

These updates aim to expand UPI usage, making it easier to make payments across different user segments.