Quick Summary
In a significant move to promote small-value digital payments, the Reserve Bank of India (RBI) has revised the framework for facilitating offline payments under UPI Lite. Through Notification no. RBI/2024-25/93, dated December 4, 2024, the RBI has announced an increase in transaction limits, making digital payments even more accessible for users. Key Highlights of the Notification Transaction Limit Raised: The per-transaction limit for offline UPI Lite payments has been doubled to ₹1,000, up
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FAQ :
The per-transaction limit for UPI Lite offline payments has been doubled to £1,000.
The total holding limit for a payment instrument under UPI Lite has been raised to £5,000.
The revised framework with the enhanced limits is effective immediately.
The previous per-transaction limit for UPI Lite offline payments was £500.
The previous total holding limit for a payment instrument under UPI Lite was £2,000.
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