December 4, 2024 10:38 PM

RBI raises UPI lite wallet limit to Rs 5,000

The Reserve Bank of India (RBI) has increased the wallet limit for UPI Lite from ₹2,000 to ₹5,000. The new guidelines, announced on Wednesday, also raised the upper transaction limit under the offline framework from ₹500 to ₹1,000 per transaction. According to the RBI’s circular, the revised limits are effective immediately, enabling users to make higher-value transactions conveniently while maintaining the simplicity and security of UPI Lite. "The enhanced limits for UPI Lite shall b...