RBI increases Limits for UPI Lite Transactions in Offline Mode

The Reserve Bank of India (RBI) raised the per-transaction and wallet limitations for UPI Lite transactions to Rs.1,000 and Rs.5,000, respectively.

Previously, the per-transaction limit and wallet limit for transactions conducted via Unified Payments Interface (UPI) Lite were Rs.500 and Rs.2,000, respectively.

Following RBI Governor Shaktikanta Das’ announcement in October of increased limitations for UPI Lite transactions, the banking regulator amended the framework for enabling small-value digital payments in offline mode.

The limits have been raised to encourage greater use of the UPI product.

The UPI Lite functionality allows for low-value transactions without requiring a UPI PIN. According to the National Payments Corporation of India (NPCI), these transactions take place without the use of a remitter bank’s main banking systems in real time.

Das also revealed in his October monetary policy speech that the per-transaction limit in UPI123Pay has been increased from Rs.5,000 to Rs.10,000.

The increase in limits for UPI products coincides with increased acceptance of the flagship real-time payments system and the expanding use cases for such transactions.

In 2024, UPI recorded 155.44 billion transactions cumulatively.