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RBI Raises UPI Transaction Limit For Government Bond Purchases, IPOs

RBI raises UPI transaction limit to Rs 5 lakh for some transactions.

Vishwanath Nair

A store advertises the use of PhonePe, Paytm, Google Pay and Amazon Pay digital payment systems in Mumbai. (Photographer: Dhiraj Singh/Bloomberg)

The Reserve Bank of India will raise the limit for select transactions on the unified payments interface to Rs 5 lakh from Rs 2 lakh.

Also Read: RBI Monetary Policy Highlights: RBI Holds Its Fire To Support Durable, Strong, Inclusive Recovery

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