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UPI Payment Limit
December 12 , 2023
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- The Reserve Bank of India (RBI) increased the transaction limit for UPI payments to hospitals and educational institutions to Rs 5 lakh.
- Earlier the limit was set at Rs 1 lakh per transaction.
- The transaction limit for UPI payments for capital markets collections (credit card payments, loan re-payments, EMI), insurance, etc. was limited to Rs 2 lakh.
- In December 2021, the transaction limit for UPI payments for Retail Direct Scheme and IPO subscriptions was increased to Rs 5 lakh.
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