Transaction Limit for UPI increased to 5 lakh: Know the Details

The government has raised the transaction limit for tax payments made using the Unified Payments Interface (UPI) to ₹5 lakh per single transaction. This increase is part of efforts to modernize the tax payment system and encourage the use of digital platforms. UPI has become a popular method for making payments due to its convenience and speed, and this new limit will accommodate larger tax payments, further promoting digital financial inclusion.