According to the new UPI transaction limit rules, individuals can make payments through UPI up to Rs 5 lakh instead of the earlier Rs 1 lakh for specific payments in certain places like Hospitals and Educational Institutions.
The RBI has in place e-mandates for making payments that are recurring in nature. The present limit above which additional factor authentication is required is Rs 15,000. This limit has now been enhanced to Rs 1 lakh for mutual funds investments, insurance, and credit card repayments.