Skip to content
- RBI has increased the UPI Lite wallet limit to ₹5,000 and the per-transaction limit to ₹1,000.
- This has been done in a bid to encourage wider adoption of digital payment systems.
- As part of its monetary policy in October 2024, the RBI had informed of its intention to adjust these limits.
- At present, there is a limit of ₹500 per transaction and an overall limit of ₹2,000 per UPI Lite wallet.
- UPI Lite allows users to do fast, one-click transactions without the requirement to enter the PIN.
- In September 2022, RBI launched the UPI Lite feature to ease the UPI transaction process.
- The UPI Lite feature is enabled by the National Payments Corporation of India (NPCI).
error: Content is protected !!
