RBI raises transaction limit for small value offline digital payments to ₹500
The Statesman|August 25, 2023
The Reserve Bank of India’s (RBI) instructions over the use to UPI in an offline mode to make payments of upto Rs 500 comes into effect from Thursday.
RBI raises transaction limit for small value offline digital payments to ₹500

Earlier, the limit was Rs 200 which is now increased to Rs 500, an announcement for which was made during the August MPC.

The six-member MPC has said to encourage wider adoption of this mode of payments and bring in more use cases into this mode, it is now proposed to increase the per transaction limit to Rs 500. The overall limit is, however, retained at Rs 2000 to contain the risks associated with relaxation of two-factor authentication.

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