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Rule Change: UPI 123Pay Limit Doubled to ₹10,000 from January 1, 2025

UPI

Starting January 1, 2025, the Reserve Bank of India (RBI) has implemented a significant change in UPI transactions, doubling the limit for UPI 123Pay services.

Users can now make transactions of up to ₹10,000, compared to the previous limit of ₹5,000.

What is UPI 123Pay?

UPI 123Pay is a unique service that allows users to make UPI payments without requiring an internet connection, making it especially beneficial for feature phone users.

Due to its offline nature, the transaction limit was initially set at ₹5,000, but this restricted its usability for larger payments.

Why the Change?

The RBI recognized the challenges faced by feature phone users due to the lower transaction cap and decided to enhance the limit, improving accessibility and convenience for a broader user base. The new limit aims to empower users without smartphones or reliable internet access, enabling seamless digital transactions.

RBI’s Commitment to Digital Payments

This move aligns with the RBI’s ongoing efforts to promote digital payments and ensure inclusivity in financial transactions. By periodically revising and updating rules, the RBI strives to enhance user experience while maintaining control over payment systems.

Impact on Users

With this increase, feature phone users relying on UPI 123Pay can now perform higher-value transactions more conveniently.

This step is expected to boost digital payment adoption across rural and semi-urban areas where internet penetration is limited.

This rule change reflects the RBI’s commitment to driving financial inclusion and adapting to the evolving needs of the digital economy.

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