UPI Transaction Limit
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Business
NPCI Enhances UPI for High-Value Transactions, Raising Tax Payment Limit
Indian taxpayers are set to enjoy enhanced convenience with the recent upgrade to the Unified Payments Interface (UPI) system. The National Payments Corporation of India (NPCI) has raised the UPI transaction limit for tax payments, allowing up to ₹5 lakh per transaction, a notable increase from the previous ₹1 lakh cap. This update, issued through an NPCI circular on August…
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Business
New Year, New UPI: Key Changes Enhance Online Banking Experience
New Delhi: The New Year brings significant enhancements to the Unified Payments Interface (UPI), aiming to elevate the digital banking and payment transaction landscape. Inactive UPI IDs: The National Payments Corporation of India (NPCI) has mandated the deactivation of inactive UPI IDs, dormant for over a year, by payment apps. ‘UPI for Secondary Market’ Launch: NPCI introduces the ‘UPI for…
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