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RBI Raises UPI Transaction Limits.

In a recent update, the Reserve Bank of India (RBI) has taken a significant step by increasing the UPI (Unified Payments Interface) payment limits specifically for education and hospital transactions. The limit has been elevated from 1 lakh to 5 lakhs, signifying a substantial enhancement in the permissible transaction amount for these critical sectors.

This move is poised to facilitate smoother and more substantial financial transactions in the domains of education and healthcare, offering a greater degree of flexibility and convenience to users. The decision aligns with the ongoing efforts to promote digital payments and streamline financial transactions in sectors crucial for the well-being of individuals.

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