UPI Limit Increased By RBI: RBI Governor Shaktikanta Das announced the decisions of the Monetary Policy Committee today. In this, you have been given a big benefit by increasing the transaction limit of UPI.
UPI Limit Increased By RBI: RBI Governor has given a gift to the common people by increasing the transaction limit of UPI. Through this, the customers doing small transactions are going to get the most benefit.
Apart from this, big good news has also been given about UPI Lite and UPI 123 Pay. Three big changes have been made regarding UPI and its benefit will be most available to the common people as well as those doing small transactions.
Know RBI’s 3 big decisions on UPI
1. The limit of UPI 123 Pay has been increased and it has been increased from Rs 5000 to Rs 10,000.
2. The wallet limit of UPI Lite has also been increased from Rs 2000 to Rs 5000 and through this the common people will get a big benefit because they use UPI Lite heavily for small transactions.
3. The per transaction limit of UPI Lite has also been increased and it has been increased from Rs 500 to Rs 1000 per transaction.
RBI Governor Shaktikanta Das said a big thing about the importance of UPI
In the RBI announcements, RBI Governor Shaktikanta Das said that there has been a big change in the economic landscape of India through UPI transactions. Due to this, the transaction of money in the country has become very easy and accessible.
No change in EMI of home loan-car loan
The Reserve Bank of India (RBI) has not changed the repo rate for the tenth consecutive time in its credit policy and has maintained it at 6.5 percent. The repo rate being the same means that there is less chance of change in your EMI on different loans including home loan, auto loan.
RBI Governor’s well-thought speech
The RBI Governor said that the financial sector is healthy, combative and stable and the Indian currency rupee remains largely within a limited range. Due to the current economic challenges and global scenario, RBI has adopted a cautious stance and will remain agile and flexible in cash management. He also said that the health of Indian banks is strong and there is a need to be cautious about the increasing consumer loan and credit card dues.