Good news for UPI users! RBI governor Shaktikanta Das announced new transaction limits for UPI services on October 9, 2024. The per transaction limit for UPI 123Pay has been increased from ₹5,000 to ₹10,000, while the UPI Lite wallet limit is raised from ₹2,000 to ₹5,000.
Additionally, the per transaction limit for UPI Lite will now allow payments up to ₹1,000, up from ₹500. UPI Lite lets users make quick transactions without entering their UPI PIN, making it easier to pay