Currently, everyone is using UPI payments. India is the only country where such fast payment services are available. Now, anyone can transfer money from one bank to another in a matter of seconds.
Earlier, when there was no online transfer, managing money was quite challenging. That’s why the RBI launched UPI, allowing you to make payments to anyone in just a few seconds.
Currently, many new apps have been introduced, but most people are using these three apps the most.
- Google pay
- Phone pay
These three apps are currently being widely used. Anyone with a bank account can use these apps, and operating them is also very easy.
Earlier, you could transfer up to 1 lakh rupees in a day using UPI. However, RBI has now introduced a new limit, and I can provide more details about it.
RBI UPI I’d New Limit
Earlier, if we made UPI payments, we could transfer up to 1 lakh rupees in a day. However, RBI has now introduced a new limit, allowing you to transfer up to 5 lakh rupees in a day.
Even within this limit, there are certain conditions to be followed. You can use this limit when transferring for medical or educational purposes. This usage is subject to specific conditions.
What are people saying?
Everyone is very pleased with the new rules regarding this limit because both medical and educational transfers are essential. Therefore, everyone is extremely happy. In today’s time, every individual is using UPI transfers.
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