Automatic payment limit via UPI raised to Rs 1 lakh: RBI
As of now, relaxation in Additional Factor of Authentication (AFA) is permitted while processing e-mandates/standing instructions on cards, prepaid payment instruments and UPI (Unified Payments Interface), for subsequent recurring transactions with values up to Rs 15,000.
![Automatic payment limit via UPI raised to Rs 1 lakh: RBI](https://cdn.zeebiz.com/sites/default/files/2023/12/12/272421-your-paragraph-text-15.jpg?im=FitAndFill=(1200,900))
UPI has emerged a preferred mode of payment for a large section of the population with over 11.23 billion transactions recorded in November. Image Courtesy: File.