Transaction limit for small value UPI payments in offline mode raised to Rs 500

The Reserve Bank on Thursday enhanced the upper limit of an offline payment transaction to Rs 500 from the existing Rs 200 to promote the use of UPI-Lite wallet in areas where internet connectivity is weak or not available. However, the total limit for offline transactions on a payment instrument remains Rs 2,000 at any point in time.

“The upper limit of an offline payment transaction is increased to Rs 500,” the RBI said in a circular on ‘Enhancing transaction limits for Small Value Digital Payments in Offline Mode’.