RBI Increases UPI Lite Transaction Limits for Offline Payments

The Reserve Bank of India (RBI) has revised the transaction limits for UPI Lite offline payments to promote small-value digital transactions across the country. This amendment to the Framework for Facilitating Small Value Digital Payments in Offline Mode was announced as part of the RBI’s Statement on Developmental and Regulatory Policies on October 9, 2024.

Per-Transaction Limit: Increased from ₹500 to ₹1,000.

Total Wallet Limit: Increased from ₹2,000 to ₹5,000 at any given time.

The new limits aim to enhance the usability of UPI Lite, particularly in areas with limited internet connectivity. These changes are expected to make offline digital payments more convenient and accessible for everyday transactions like grocery shopping and public transport.

Effective Immediately

The updated limits have come into force under Section 18 and Section 10(2) of the Payment and Settlement Systems Act, 2007. The RBI continues to focus on expanding the digital payment ecosystem to ensure greater financial inclusion and convenience for users.

The revised framework is part of the RBI’s broader efforts to boost the adoption of digital payments across urban and rural India.