Informative Blogs & News
New Rules for UPI in 2024: Looking ahead, the RBI plans to introduce UPI ATMs nationwide. These innovative ATMs will allow users to scan a QR code to withdraw cash directly from their bank accounts, adding convenience to UPI transactions. Read all details here..
RBI Boosts UPI Transaction Limit for Hospitals and Educational Institutions: In a significant move, the Reserve Bank of India (RBI) has recently proposed a notable hike in the UPI transaction limit specifically catering to transactions made towards hospitals and educational institutions. This initiative aims to streamline financial transactions in these crucial sectors, marking a substantial shift in the existing transaction limits.
As users embrace this seamless and convenient payment method, questions regarding UPI transaction limit 2023 have become increasingly common. In this article, we will delve into the specifics of UPI transaction limit for 2023, focusing on major banks like SBI, ICICI, HDFC, and others.