Live
- 67th annual day celebrations held at IRISET
- Actor Ali Receives Legal Notice Over Unauthorized Construction at Vikarabad Farmhouse
- Puspa 2 -The Rule: Allu Arjun and Sreeleela Set the Stage on Fire with 'Kissik' Song
- Odisha promotes ‘Karuna silk’ at IITF
- Food Poisoning in Hyderabad: Three Fall Ill After Eating Biryani from Aroma Restaurant
- Meet held on reducing GHG emissions
- Pravati reviews paddy purchase process
- BJD rally seeks withdrawal of Waqf Bill
- ASI urged to commence Ratna Bhandar repairs
- Eastern region country’s growth engine: PM
RBI hikes offline digital payments limit to Rs 500
Highlights
Mumbai: The Reserve Bank of India (RBI) on Thursday enhanced the upper limit of an offline payment transaction to Rs500 from the existing Rs200 to...
Mumbai: The Reserve Bank of India (RBI) on Thursday enhanced the upper limit of an offline payment transaction to Rs500 from the existing Rs200 to promote the use of UPI-Lite wallet in areas where internet connectivity is weak or not available.
However, the total limit for offline transactions on a payment instrument remains Rs2,000 at any point in time. “The upper limit of an offline payment transaction is increased to Rs500,” the RBI said in a circular on ‘Enhancing transaction limits for Small Value Digital Payments in Offline Mode.’
Next Story
ADVERTISEMENT
