RBI raises UPI Lite wallet limit to Rs 5,000

New Delhi [India], December 4 (ANI): The Reserve Bank of India on Wednesday revised the wallet limit for the UPI Lite from Rs 2,000 to Rs 5,000.

As per the new rules introduced today, the upper transaction limit for UPI Lite under offline framework has been increased from Rs 500 to Rs 1,000 per transaction.

"The offline framework has been updated and the enhanced limits for UPI Lite shall be Rs 1,000 per transaction, with