Good News For Keypad Phone Users! Now Transfer Double The Amount With UPI – Find Out How
With the rise of digital transactions , UPI has transformed the way we transfer money. But what if you don’t have a smartphone or internet connection? Good news! The Reserve Bank of India (RBI) has now doubled the payment limit for UPI123Pay , making it easier for feature phone users to make larger transactions.
New UPI Payment Rules : Double the Limit for Feature Phones
The RBI has revised its UPI payment rules, allowing more flexibility for users of feature phones. RBI Governor Shaktikanta Das recently announced an increase in the UPI 123Pay limit during the Monetary Policy Committee meeting on October 9. With this change, users can now send up to ₹10,000 via UPI123Pay, up from the previous limit of ₹5,000. Additionally, the UPI Lite wallet limit has also been increased from ₹2,000 to ₹5,000, making it more convenient for everyday transactions.
Impact on Rural Areas and Feature Phone Users
The RBI’s decision is expected to have a significant impact in rural areas and among lower-income groups, where feature phones are still widely used. UPI123Pay enables users to make payments even without an internet connection, using just their keypad phones. This move is designed to promote digital transactions in areas with limited smartphone penetration or poor internet connectivity. The RBI expects this change to boost UPI payments , particularly in small towns and villages.
New UPI Payment Rules : Double the Limit for Feature Phones
The RBI has revised its UPI payment rules, allowing more flexibility for users of feature phones. RBI Governor Shaktikanta Das recently announced an increase in the UPI 123Pay limit during the Monetary Policy Committee meeting on October 9. With this change, users can now send up to ₹10,000 via UPI123Pay, up from the previous limit of ₹5,000. Additionally, the UPI Lite wallet limit has also been increased from ₹2,000 to ₹5,000, making it more convenient for everyday transactions.
Impact on Rural Areas and Feature Phone Users
The RBI’s decision is expected to have a significant impact in rural areas and among lower-income groups, where feature phones are still widely used. UPI123Pay enables users to make payments even without an internet connection, using just their keypad phones. This move is designed to promote digital transactions in areas with limited smartphone penetration or poor internet connectivity. The RBI expects this change to boost UPI payments , particularly in small towns and villages.
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