RBI circular dated January 03, 2022 (updated as on August 24, 2023) which enabled small value digital payments in offline mode (Offline Framework). The framework, inter-alia, prescribes an upper limit of ₹500 for offline digital payment transactions, and a total limit of ₹2,000 for a payment instrument at any point in time.
The Statement on Developmental and Regulatory Policies dated October 09, 2024, wherein it was announced that the stated limits shall be enhanced for UPI Lite.
Accordingly, the Offline framework has been updated and the enhanced limits for UPI Lite shall be ₹1,000 per transaction, with ₹5,000 being the total limit at any point in time.
Link- https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12752&Mode=0
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