RBI has increased the scope of UPI payment in hospitals and educational institutions

Amaravati: The Reserve Bank of India (RBI) has taken a key decision in its monetary policy meeting to promote UPI transactions in the country. According to RBI, India ranks first in the world in terms of UPI payments. UPI has made payment process very easy.. However, due to the limit of one lakh rupees for bill payments in hospitals, difficulties are being faced. By increasing the limit, UPI payments have now been made possible from Rs.1 lakh to Rs.5. Apart from that UPI transaction limit has been increased to Rs.5 lakh in hospitals as well as schools and colleges. In this context, RBI Governor Shaktikanta Das said in the MPC statement on Friday that there is no change in the repo rate.

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