Developmental and Regulatory Policy by the RBI, what is the new limit for UPI for tax payment?
ARs. 1 LakhCorrect AnswerIncorrect Answer
BRs. 2 LakhCorrect AnswerIncorrect Answer
CRs. 5 LakhCorrect AnswerIncorrect Answer
DRs. 10 LakhCorrect AnswerIncorrect Answer
ERs. 20 LakhCorrect AnswerIncorrect Answer
Solution
The RBI has raised the limit for UPI payments for tax purposes to Rs. 5 Lakh as per the Statement on Developmental and Regulatory Policy released in August 2024.
