The National Payments Corporation of India (“NPCI”) has informed that the per transaction value for UPI Lite (Online and Offline) has been enhanced to Rs. 500/-.
Please see the details below:
UPI Lite Limit | Previous Limit | New Limit |
Per transaction | Rs. 200/- | Rs. 500/- |
Max balance in UPI Lite account | Rs. 2000/- | Rs. 2000/- |
The existing UPI pricing will be applicable for transaction amount Rs. 201/- to Rs. 500/- for both P2P and P2M transactions.
Background:
The present NPCI notification is issued in view of the RBI notification dated 24th August, 2023 on “Enhancing transaction limits for Small Value Digital Payments in Offline Mode” (please refer to the detailed e-mail in trail).
Source: National Payments Corporation of India