The Reserve Bank of India has raised the UPI Lite Wallet limit to ₹5,000 and the offline transaction limit to ₹1,000, effective immediately.
In a move to enhance user experience for digital payments, the Reserve Bank of India (RBI) announced an increase in the wallet limit for UPI Lite. Effective immediately, users can now hold up to ₹5,000 in their UPI Lite wallet. This is a significant jump from the earlier limit of ₹2,000.
The upper transaction limit for payments under the offline framework has also been revised. Transactions can now go up to ₹1,000 per payment, doubling the previous cap of ₹500.
According to the RBI circular, “The offline framework has been updated, and the enhanced limits for UPI Lite shall be ₹1,000 per transaction, with ₹5,000 being the total limit at any point in time.”
These updates are designed to make digital payments more seamless for everyday purchases. By increasing both the transaction and wallet limits, RBI aims to provide greater convenience and flexibility to consumers while upholding security and ease of use.
