Subscribe To Print Edition About The Tribune Code Of Ethics Download App Advertise with us Classifieds

RBI: Automatic UPI payment limit raised to Rs 1 lakh

PTI

Updated At : 02:28 PM Dec 13, 2023 IST

Mumbai, December 12

The Reserve Bank of India on Tuesday increased the limit for automatic payments through UPI to Rs 1 lakh per transaction from the existing Rs 15,000 for subscription to mutual funds, payment of insurance premiums, and credit card bill payments, among others.

As of now, relaxation in Additional Factor of Authentication is permitted while processing e-mandates/standing instructions on cards, prepaid payment instruments and UPI (Unified Payments Interface), for subsequent recurring transactions with values up to Rs 15,000.

Tags :

Mumbai RBI

The Tribune, now published from Chandigarh, started publication on February 2, 1881, in Lahore (now in Pakistan). It was started by Sardar Dyal Singh Majithia, a public-spirited philanthropist, and is run by a trust comprising five eminent persons as trustees.

The Tribune, the largest selling English daily in North India, publishes news and views without any bias or prejudice of any kind. Restraint and moderation, rather than agitational language and partisanship, are the hallmarks of the newspaper. It is an independent newspaper in the real sense of the term.

The Tribune has two sister publications, Punjabi Tribune (in Punjabi) and Dainik Tribune (in Hindi).

Remembering Sardar Dyal Singh Majithia

Designed and developed by :

RBI: Automatic UPI payment limit raised to Rs 1 lakh

PTI

Unlock Exclusive Insights with The Tribune Premium