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Ashutosh Mishra

Chartered Accountantย โ€ขย 10m

๐—จ๐—ฃ๐—œ ๐—ง๐—ฟ๐—ฎ๐—ป๐˜€๐—ฎ๐—ฐ๐˜๐—ถ๐—ผ๐—ป ๐—Ÿ๐—ถ๐—บ๐—ถ๐˜ ๐—ง๐—ผ ๐—•๐—ฒ ๐—œ๐—ป๐—ฐ๐—ฟ๐—ฒ๐—ฎ๐˜€๐—ฒ๐—ฑ ๐—™๐—ฟ๐—ผ๐—บ โ‚น๐Ÿญ ๐—Ÿ๐—ฎ๐—ธ๐—ต ๐—ง๐—ผ โ‚น๐Ÿฑ ๐—Ÿ๐—ฎ๐—ธ๐—ต ๐—™๐—ผ๐—ฟ ๐—–๐—ฒ๐—ฟ๐˜๐—ฎ๐—ถ๐—ป ๐—–๐—ฎ๐˜๐—ฒ๐—ด๐—ผ๐—ฟ๐—ถ๐—ฒ๐˜€ The National Payments Corporation of India (NPCI), which manages UPI, has raised the per-transaction limit to โ‚น5 lakh, specifically for tax payments earlier. Now this higher limit applies to 'verified merchants,' allowing individuals to pay up to โ‚น5 lakh in a single UPI transaction. Following are the categories for which limits have been increased: โ€ข Educational Services โ€ข IPOs โ€ข Hospitals โ€ข Tax Payments โ€ข 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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