adsense

Sunday, October 3, 2021

UPI – Standardisation of Transaction Limits

 

UPI – Standardisation of Transaction Limits

NPCI – UPI Team vide Circular dt 24th September 2021 announced standardization of UPI Transaction limits.

            The circular is addressed to UPI Member Banks, UPI PSPs, and UPI Third Party Application Providers.

            The Go-Live date is 31st October 2021. This means from 1st November 2021; UPI end-users will experience the same kind of limits across all UPI Apps.




            There are different limits for:

01)

P2P/ P2M

P2M

Non-Verified Offline

02)

P2P/ P2M

P2M

03)

P2M Verified Specified Categories (OC 82, OC 96)

 

The limits for Category 01 transactions is Rs2,000/-

The limits for Category 02 transactions is Rs1,00,000/-

The limits for Category 03 transactions is Rs2,00,000/-

Read more about the limits at cashfree blog @ https://blog.cashfree.com/upi-transaction-limit-2020/

 

Disclaimer: These are my personal views only. The bottom line is Safe ePayments. Nothing more – Nothing less.

           

 

1 comment:

Finacus said...

I thoroughly enjoyed your blog post. Your perspectives on the subject were insightful and thought-provoking. When I was looking for a new banking solution, I came across Finacus, and I have to say that I'm impressed. They have some of the industry's best features and services.
Enterprise Solutions Services

LinkWithin

Related Posts with Thumbnails

Disclaimer

The thoughts in this BLOG are personal, and reflect only my view on the subject.
This are not the views of my Employers.
All images, logos rights rest with the Original TitleHolders

All efforts have been made to make this information as accurate as possible, N Prashant will not be responsible for any loss to any person caused by inaccuracy in the information available on this Website. Relevent Official Gazettes Communications may be consulted for an accurate information. Any discrepancy found may be brought to the notice of N Prashant