Last week, the Reserve Bank of India (RBI) issued guidelines for interoperability through mobile wallet and bank account UPI. Under this, there was a proper transaction through the UPI, so there was a change in the limit. At the same time, the National Payment Correction of India (NPCI) has reduced the number of transactions in 24 hours.
Under this, now only one transition can be done from an account within 24 hours. Now apps like paytm, google pay and Bhim give transaction facility via UPI.
Earlier, NPCI had given the limit of p2p 20 transactions. If you pay to a shopkeeper, then this limit will not apply. But, if you transfer money to a friend, this limit will apply.
According to a recent report, there were 31.2 million transactions in connection with the UP in August. This data has been collected from NPCI. In comparison to July, the number of UPi transactions has seen an increase of 32% in the month of August. In July, 23.56 million transactions were recorded.
In September last year, 30 crore transactions were done through the UPI, the value of this transaction was Rs 5,292 crore. In August this year, Rs 54,000 crore was transferred through digital platform. NPCI launched UPI upgrade UPI 2.0 in Mumbai last month.