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RBI Increases UPI Payment Limit to Rs 5 Lakh But Only For THIS Transaction
Updated Aug 8, 2024, 12:24 IST
RBI Increases UPI Payment Limit to Rs 5 Lakh But Only For THIS Transaction (Image Source: Times Now Digital)
What RBI Announces Regarding UPI Transactions Limit?
On Thursday, the Reserve Bank of India (RBI) announced an increase in the limit for UPI tax payments. Starting now, taxpayers can use UPI to make payments of up to Rs 5 lakh per transaction.What Was the Previous Limit?
The previous limit was Rs 1 lakh.RBI MPC Meeting 2024 Outcomes: Other Notable Announcements
During the announcement of the third bi-monthly monetary policy for the current financial year, RBI Governor Shaktikanta Das also suggested creating a public list of digital lending apps. This move aims to help people identify and avoid unauthorized or fraudulent lending platforms.
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Pawan Kumar is a Copyeditor for the business vertical of Times Now Digital. With a keen eye for impactful business news, he specialises in financial m...View More
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