From new limits to new features: All changes made in UPI in 2024
The number of people making online payments through UPI is growing rapidly, doubling during the day and quadrupling at night. According to NPCI data released in November, there were approximately 15.48 million UPI transactions, amounting to an impressive Rs 21.55 lakh crore. Previously capped at Rs 5,000, the new daily limit is now Rs 10,000, allowing these users to conduct more transactions via UPI through missed calls or IVR. Higher UPI Transaction Limits Furthermore, the daily UPI transaction limit has been significantly increased from Rs 1 lakh to Rs 5 lakh for certain payments. These secondary users can also utilize the primary member’s bank account for UPI transactions, although approval from the primary user is required for each transaction.
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