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RBI boosts UPI popularity by raising automatic payment limit

By Puja Sharma

December 13, 2023

  • Additional Factor of Authentication
  • AI
  • Central Bank of India

The Reserve Bank of India announced an upward revision in the limit for automatic payments through the Unified Payments Interface (UPI). The new limit is set at Rs 1 lakh per transaction, a significant increase from the previous cap of Rs 15,000. This adjustment specifically applies to certain categories, such as mutual fund subscriptions. Currently, […]

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