The RBI has proposed enhancing the limit for UPI payments to hospitals and educational institutions from Rs 1 lakh to Rs 5 lakh per transaction.
The transaction limit for UPI is generally capped at Rs 1 lakh, except for a few categories such as capital markets (AMC, broking and mutual funds), collections (credit card payments, loan repayments, EMI) and insurance where the transaction limit is Rs 2 lakh. In December 2021, the transaction limit for UPI payments for retail direct schemes and for IPO subscriptions was increased to Rs 5 lakh.
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