UPI limit: RBI has taken a big decision in the MPC meeting to promote UPI transactions in the country. They have decided to increase the limit of UPI transactions in the new monetary policy of RBI. Now people can easily make payment up to Rs 5 lakh at these places without any hassle. This will reduce the use of cash in paying hospital bills and school fees.
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Reserve Bank of India has taken a big decision in the monetary policy meeting to promote UPI transactions in the country. UPI has made people’s life and payment process much easier. This is the reason why the number of UPI transactions is increasing every month. RBI Governor Shaktikanta Das said in the MPC announcement on Friday that no change is being made in the repo rate. Besides, he has increased the limit of UPI transactions in hospitals and schools and colleges to Rs 5 lakh.
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