RBI raised the limit for small value payment transactions in offline mode to Rs 500

RBI raised the limit for small value payment transactions in offline mode to Rs 500

The Reserve Bank of India (RBI) on Thursday raised the upper limit for offline payment transactions from existing Rs 200 to Rs 500 to promote the use of UPI-lite wallets in areas where internet connectivity is weak or not available. However, the overall limit for offline transactions on the payment instrument is Rs 2,000. In […]