Q. What is the daily payment limit for UPI transactions set by the National Payments Corporation of India (NPCI) starting from January 1, 2024?
Answer:
Rs. 1 lakh
Notes: The NPCI has set the daily payment limit for UPI transactions to a maximum of Rs. 1 lakh starting from January 1, 2024. However, RBI raised the transaction limit for UPI payments to hospitals and educational institutions to Rs 5 lakh on December 8, 2023, to broaden the use of UPI payments.