RBI raises UPI lite wallet limit to Rs 5,000

Daily Current Affairs / RBI raises UPI lite wallet limit to Rs 5,000

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Category : Business and economics Published on: December 07 2024

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The Reserve Bank of India (RBI) has increased the wallet limit for UPI Lite from ₹2,000 to ₹5,000. In the new guidelines announced on 7th December 2024, the upper transaction limit under the offline framework has also been increased from ₹500 to ₹1,000 per transaction.
According to the RBI circular, the revised limits will come into effect immediately, allowing users to easily carry out high-value transactions while maintaining the simplicity and security of UPI Lite.

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RBI raises UPI lite wallet limit to Rs 5,000