What is the upper limit of the ‘UPI Lite’ payment transaction?

Question

The Reserve Bank of India (RBI) Governor, Shaktikanta Das recently launched three key digital payment initiatives at the Global Fintech Fest 2022.
The initiatives include RuPay Credit Card on UPI, UPI LITE, Bharat BillPay Cross-Border Bill Payments. Through UPI Lite on BHIM App, users will be able to make small-value transactions in near-offline mode. The upper limit of a UPI Lite payment transaction will be ₹200. The total limit of the UPI Lite digital payment mode on the wallet on a device would be ₹2,000 at any point in time.

GKToday Admin · Accepted Answer

Rs 200 The Reserve Bank of India (RBI) Governor, Shaktikanta Das recently launched three key digital payment initiatives at the Global Fintech Fest 2022.
The initiatives include RuPay Credit Card on UPI, UPI LITE, Bharat BillPay Cross-Border Bill Payments. Through UPI Lite on BHIM App, users will be able to make small-value transactions in near-offline mode. The upper limit of a UPI Lite payment transaction will be ₹200. The total limit of the UPI Lite digital payment mode on the wallet on a device would be ₹2,000 at any point in time.

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