
RBI raises per transaction limit for UPI Lite to Rs 500 from Rs 200 to promote digital transaction
Mumbai: Reserve Bank on Thursday proposed to increase the per transaction payment limit to Rs 500 for UPI Lite in offline mode and announced other measures to further deepen the reach and use of digital payments in the country. Presently, a limit of Rs 200 per transaction and an overall limit of Rs 2,000 per payment…