Why in news RBI has raised UPI123Pay transaction limits from ₹5,000 to ₹10,000 to encourage wider usage. The transaction limit for UPI ...
Why in news
RBI has raised UPI123Pay transaction limits from ₹5,000 to ₹10,000 to encourage wider usage.
The transaction limit for UPI Lite has been increased from ₹500 to ₹1,000,
The overall wallet limit has been raised from ₹2,000 to ₹5,000, making it easier for users to make smaller payments quickly.
The RBI is introducing a name verification feature for RTGS and NEFT transactions, allowing users to confirm the beneficiary's name before completing a payment
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