RBI UPI Transaction limit up to 5 Lakhs: RBI Governor Shaktikanta Das has made a big announcement regarding UPI transactions under the new monetary policy.
RBI UPI Transaction limit up to 5 Lakhs: Recently, Instant Payment Service had implemented a new rule, under which the UPI user can make transactions up to Rs 5 lakh to the beneficiary. For this, it will not be necessary to enter the beneficiary name, account etc. again and again. Only after verification of UPI ID or phone number, transactions up to Rs 5 lakh can be done easily. At the same time, now the Reserve Bank of India has also approved online UPI transactions.
It has been announced by RBI Governor Shaktikanta Das that customers can now do UPI transactions up to Rs 5 lakh at select places. Let us know about it in detail, where according to the bank, UPI transaction up to Rs 5 lakh can be done.
Payment can be up to Rs 5 lakh!
Reserve Bank of India Governor Shaktikanta Das has taken a major decision during the Monetary Policy Meeting (MPC) on Friday, December 8. According to Governor Shaktikanta Das, it has become very easy for people to transact through UPI.
The number of its users is increasing in the country. In such a situation, the Governor has announced regarding UPI transaction that users can make payment up to Rs 5 lakh.
— ReserveBankOfIndia (@RBI) December 8, 2023
Where can you make UPI payment up to Rs 5 lakh?
Under the new monetary policy of RBI, UPI transactions up to Rs 5 lakh can be done. You can make UPI payment up to Rs 5 lakh to pay school-college fees, hospital bills.
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