UPI Transaction Limits Headed for a Revision
The Economic Times [
Kolkata
]
Apr 10, 2025 | Page No.: 8 | Position: Middle Left | Source: Bureau | Sq Cm: 51 | AVE: 36600 | PR Value: 183000
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UPI Transaction Limits Headed for a Revision Mumbai RBI governor Sanjay Mal- He further clarified that banks will hotra announced that the National retain the discretion to set their own Payments Corporation of India internal limits within the framework NPCI will have the flexibility to re- established by NPCI vise the transaction limits for UPI in- Currently the transaction person merchant transactions limit for UPI covering both NPCI in consultation with banks person-to-person P2P and and other stakeholders in UPI ecosys- person-to-merchant P2M tem may revise these limits based on payments is set at 1 lakh However evolving user needs Malhotra said certain P2M payments have higher Appropriate safeguards will be im- limits ranging from 2 lakh to 5 lakh plemented to address any risks associ- P2P transactions on UPI will continue ated with higher limits to be capped at 1 lakh Our Bureau