UPI limit increased from ₹1 lakh to ₹5 lakh per transaction

The RBI has decided to enhance the limit for tax payments through UPI from ₹1 lakh to ₹5 lakh per transaction, Governor Shaktikanta Das announced on Thursday (August 8, 2024).

The RBI is also making provision for Introduction of Delegated Payments through UPI which will enable a secondary user to make payments using UPI by making use of the bank account of the primarily user.