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Ashutosh Mishra
Chartered Accountant • 10m
𝗨𝗣𝗜 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 𝗟𝗶𝗺𝗶𝘁 𝗧𝗼 𝗕𝗲 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲𝗱 𝗙𝗿𝗼𝗺 ₹𝟭 𝗟𝗮𝗸𝗵 𝗧𝗼 ₹𝟱 𝗟𝗮𝗸𝗵 𝗙𝗼𝗿 𝗖𝗲𝗿𝘁𝗮𝗶𝗻 𝗖𝗮𝘁𝗲𝗴𝗼𝗿𝗶𝗲𝘀 The National Payments Corporation of India (NPCI), which manages UPI, has raised the per-transaction limit to ₹5 lakh, specifically for tax payments earlier. Now this higher limit applies to 'verified merchants,' allowing individuals to pay up to ₹5 lakh in a single UPI transaction. Following are the categories for which limits have been increased: • Educational Services • IPOs • Hospitals • Tax Payments • Government Securities This will be effective from September 15. This increase will be most helpful in emergency transactions. Follow Ashutosh Mishra for more such content https://www-livemint-com.cdn.ampproject.org/c/s/www.livemint.com/news/starting-sept-15-you-will-be-able-to-transfer-rs-5-lakh-in-a-single-upi-transaction-under-this-category-online-payment/amp-11726136155807.html
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