UPI Transaction Rules: Here Are The Recent Changes You Should Know

Producer: Priyanka Das Editor: Manuj Yadav

The Unified Payments Interface (UPI) is now among the top choices for payments in the country.

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Since it began, many more digital transactions have been happening in India.

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To make UPI payments even better, some rules and changes were announced from time to time.

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Here’s a summary of the most important ones.

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Increased Transaction Limits: The National Payments Corporation of India (NPCI) has set a new maximum daily payment limit of Rs 1 lakh for UPI transactions.

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Four-hour Time Limit: As per reports, to reduce the growing cases of online payment fraud, it is expected that there will be a four-hour time limit for the first payment exceeding Rs 2,000 between users who haven’t transacted before.

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UPI ATM: RBI is set to introduce UPI ATMs nationwide. With these ATMs, you can scan a QR code to withdraw cash directly from your bank account.

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