RBI Raises UPI Transaction Limit to Rs 5 Lakh for Tax Payments

Last updated: 08 August 2024

The Reserve Bank of India (RBI) has announced a significant proposal to increase the Unified Payments Interface (UPI) limit for tax payments from ₹1 lakh to ₹5 lakh. This proposed hike aims to streamline the process for taxpayers, allowing them to settle higher tax dues directly through UPI. The

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