RBI raises transaction limit for small value offline digital payments to Rs 500 per transaction from Rs 200
Shortpedia
Content Team
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The Reserve Bank of India (RBI) on Thursday raised the transaction limit for small-value digital payments conducted offline to Rs 500 per transaction from the earlier Rs 200. "This directive shall come into effect immediately," a notification issued by the central bank said. It further noted that all other instructions related to the small-value digital payments remain the same.
