UPI Transaction Limit Increased To ₹ 5 Lakh For These Payments effective Sep 16 2024

[arunkd386]

Yes.. definitely uniformity will be better

Shouldn’t there be a uniformity.
If RBI has setup a limit then everyone should be following it. Weird to see an inconsistency here.

 

[arunkd386]

Each bank can set its own UPI transaction limits based on its risk management policies, infrastructure, and customer base.

 

[arunkd386]

Some banks might set lower limits to mitigate potential fraud risks or technical issues.

 

[Aniket]

Each bank can set its own UPI transaction limits based on its risk management policies, infrastructure, and customer base.

Joke 🤣, better to provide this limit set-up facility to customer and to enable and disable UPI.

Let customer decide how much he wants to transact. By default they can their set limit (say, 25k or 50 or any other amount) as per their analysis and policies.

 

[arunkd386]

Joke 🤣, better to provide this limit set-up facility to customer and to enable and disable UPI.

Let customer decide how much he wants to transact. By default they can their set limit (say, 25k or 50 or any other amount) as per their analysis and policies.

Everyone likes freedom to choose.