CosmicTaco

RBI Boosts UPI Lite Limits to INR 5,000

CosmicTaco · 2024-12-05T09:21:49.646416+05:30

- The Reserve Bank of India (RBI) has increased the wallet limit for UPI Lite to INR 5,000 from INR 2,000. - The offline transaction limit for UPI Lite will now be INR 1,000 per transaction, up from INR 500. - UPI Lite, launched in 2022, allows small-value transactions without internet or PIN, enhancing digital payment adoption. Source: [Inc42](https://inc42.com/buzz/rbi-increases-wallet-limit-for-upi-lite-to-inr-5000/)

The Reserve Bank of India (RBI) has increased the wallet limit for UPI Lite to INR 5,000 from INR 2,000.
The offline transaction limit for UPI Lite will now be INR 1,000 per transaction, up from INR 500.
UPI Lite, launched in 2022, allows small-value transactions without internet or PIN, enhancing digital payment adoption.

Source: Inc42