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General public got a special gift, this festive season the scope of UPI payment increased
News Update | October 10, 2024 6:24 AM CST

New Delhi : The country's central bank RBI has taken some important decisions in the Monetary Policy Committee today. This time RBI has kept the repo rate constant for the tenth time. Also, RBI Governor Shaktikanta Das has given a special gift to the general public of the country in the festival season. Customers doing small transactions through UPI are going to benefit the most from this decision. In this monetary policy review, 3 important changes have been made regarding UPI. Due to this, along with the general public, people doing small transactions have benefited the most.

What are the 3 big decisions?

1. RBI has decided to increase the limit of UPI 123pay. Its limit has been increased from Rs 5,000 to Rs 10,000.

2. UPI Lite whose wallet limit has been increased from Rs 2,000 to Rs 5,000. This is going to have a direct impact on the common people of the country, because it is being said that the common people use UPI Lite extensively for small transactions.

3. Every transaction limit of UPI Lite has also been increased. Its limit has been increased from Rs 500 to Rs 1,000 per transaction.

RBI Governor gave importance to UPI

The Reserve Bank has taken some important decisions in this MPC. RBI Governor Shaktikanta Das has said that with the help of UPI transactions, there has been a big improvement in the economic condition of India. Thanks to this, money transaction in the country has become quite easy.

No change in home loan and car loan

The Reserve Bank of India i.e. RBI has kept the repo rate constant for the tenth time in this Monetary Policy Committee, this rate has been maintained at 6.5 percent. Not making any changes in this simply means that there will be no change in the EMI of home loan, auto loan and other loans. The public has got immense relief from this decision of RBI.


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