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RBI raises automatic payment limit via UPI to Rs 1 lakh

RBI raises automatic payment limit via UPI to Rs 1 lakh
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Bank governor shaktikanta dasReserve bankAdditional factorUnified payments interfaceReserve bank governor shaktikanta das

Automatic payment limit via UPI raised to Rs 1 lakh: RBI

UPI has emerged a preferred mode of payment for a large section of the population with over 11.23 billion transactions recorded in November. An announcement in this regard was made by Reserve Bank Governor Shaktikanta Das, while unveiling the December bi-monthly monetary policy last week.

Bank governor shaktikanta dasReserve bankAdditional factorUnified payments interfaceReserve bank governor shaktikanta dasRbi mumbaiReserve bank of indiaShaktikanta das

Automatic payment limit through UPI raised to Rs 1 lakh, says RBI

Automatic payment limit through UPI raised to Rs 1 lakh, says RBI
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Bank governor shaktikanta dasReserve bankAdditional factorUnified payments interfaceReserve bank governor shaktikanta das

UPI: No OTP authentication required for these UPI auto payments up to Rs 1 lakh

RBI proposes to increase UPI auto payments limit to Rs 1 lakh without OTP for e-mandates like mutual fund subscriptions, insurance premiums, and credi

Reserve bankAdditional factorReserve bank of indiaRbi hikes limitRbi hikes

Mutual fund e-mandate limit without AFA increased to Rs 1 lakh

The governor was announcing the decision of the Monetary Policy Committee or MPC. The MPC has decided to hold the policy rate - the Repo Rate - at 6.5%. The central bank has been pausing since February this year. It has hiked rates by 2.5% before the pause to rein in inflation.

Shaktikanta dasMonetary policy committeeAdditional factorRepo rateMutual fundsMutual fund newsAdditional factor of authenticationDigital transactions

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