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.
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.
ReplyDeleteEnterprise Solutions Services