The RBI has increased the UPI transaction limit for education and healthcare to a whopping ₹5 lakh per day! This means you can now pay for school fees, college admissions, and even hefty medical bills seamlessly through your favorite UPI app.
RBI MPC 2023 latest: The central bank has proposed to hike the limit of UPI transactions in hospitals and educational institutions to Rs 5 lakh, says Governor Shaktikanta Das.
RBI MPC Meeting: The MPC maintained the policy stance as withdrawal of accommodation by 5 out of 6 majority. The announcements are in line with expectations.
RBI MPC Meeting: Further e-Mandates for making payments of a recurring nature has been raised to ₹1 lakh for mutual fund subscriptions, insurance premium subscriptions, and credit card repayments.
RBI Monetary Policy Latest Update: For the fourth straight occasion, the monetary policy committee, through its October review meeting, unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining the status quo.