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RBI Raises UPI Transaction Limit for Tax Payments to Rs 5 Lakh

Mumbai, August 8, 2024 – The Reserve Bank of India (RBI) has announced an increase in the Unified Payments Interface (UPI) transaction limit for tax payments from the current Rs 1 lakh to Rs 5 lakh per transaction. This decision was unveiled by RBI Governor Shaktikanta Das during the announcement of the third bi-monthly monetary