

UPI Lite Transaction Limit Increased to ₹1,000; Wallet Limit Raised to ₹5,000
Synopsis: RBI Hikes UPI Lite Transaction Limit to ₹1,000, Wallet Cap to ₹5,000; UPI 123PAY Limit Raised to ₹10,000
The Reserve Bank of India has increased UPI lite transaction limit to ₹1,000 and wallet limit to ₹5,000. Additionally, UPI 123PAY limit is now ₹10,000. These steps aim to promote digital payment inclusivity.
RBI Increases Limits for UPI Lite and UPI123Pay Transactions
- UPI Lite Enhancements:
- Per-transaction limit increased from ₹500 to ₹1,000.
- Wallet limit raised from ₹2,000 to ₹5,000.
- UPI123Pay Updates:
- Per-transaction limit enhanced from ₹5,000 to ₹10,000.
- Aimed at expanding use cases for feature-phone users.
- Key Highlights:
- UPI123Pay, launched in March 2022, supports 12 languages.
- These updates aim to boost digital payment accessibility and inclusion.
- RBI to issue necessary instructions to NPCI for seamless implementation.
These measures are designed to encourage the wider adoption of UPI, facilitating small-value transactions in both online and offline modes.