, India
125 views
/Mikhail Nilov via Pexels.

Reserve Bank of India raises offline payment limits

The cap for transactions increased to $11.81 from $5.90.

The Reserve Bank of India has updated its framework for small-value digital payments conducted offline, raising the transaction and wallet limits for users of UPI Lite.

Under the revised guidelines, the cap for individual offline transactions increased to  $11.81 (₹1,000) from $5.90 (₹500). 

Additionally, the total amount users can hold in their UPI Lite wallets at any time has been raised to $59 (₹5,000) from $23.62 (₹2,000).

$1 = ₹84.68

Follow the link s for more news on

Join Asian Banking & Finance community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you design and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Top News

SME Bank nets $9.9m from zakat entrepreneur programme
The Malaysian lender said that its programme services nearly 1,000 entrepreneurs.
Islamic Banking
UnionBank hits 2 million credit cards in circulation
It also claims the highest Visa credit payment volume among Philippine banks in 2025.
Cards & Payments
CommBank opens $4.25m Ballarat branch
The Aussie bank expects to invest a further A$140m to upgrade its branch network.
Branch Banking