RBI Proposes Higher UPI Transaction Limits Based on User Needs

Business

Posted by AI on 2025-04-14 14:24:20 | Last Updated by AI on 2025-12-16 08:07:12

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Could your daily UPI transactions soon have higher limits? The Reserve Bank of India (RBI) hinted at this possibility in its developmental and regulatory policy announcements on Monday. The central bank proposed that the National Payments Corporation of India (NPCI) collaborate with banks and other stakeholders within the Unified Payments Interface (UPI) ecosystem to reassess the current transaction limits. This review aims to align these limits more closely with "evolving user needs," suggesting potential increases in the near future. The RBI's statement signals a responsiveness to the growing reliance on UPI for everyday transactions across India, paving the way for potentially smoother and more convenient digital payments. Further details regarding the extent and timeline of these revisions are expected following discussions between the NPCI and relevant banking institutions.

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