NPCI doubles UPI transaction limit to Rs 2 lakh for some payments

NPCI has doubled the per transaction payment limit for UPI to Rs 2 lakh for some payments from current limit of Rs 1 lakh per transaction to fulfill specific needs, including payments for credit cards, loans, insurance & mutual fund investments.

Will be effective from April 2020, NPCI might even add incremental categories to this enhanced limit as and when required, stated the circular quoted by TOI.

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