RBI raises UPI payment limit to hospitals, educational institutes to Rs 5 lakh
Mumbai, 8/12: In a major decision, the Reserve Bank of India (RBI) on Friday announced to raise the Unified Payments Interface (UPI) payment limit to hospitals and educational institutions to Rs 5 lakh from Rs 1 lakh presently and hiked the cap for e-mandates for recurring payments to Rs 1 lakh. Unveiling the December bi-monthly…
