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RBI - UPI UPSC NOTE

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  New UPI payment limit The central banks raises the UPI payment limit for healthcare and education from ₹1 lakh to ₹5 lakh. RBI also flags ...

 New UPI payment limit

  • The central banks raises the UPI payment limit for healthcare and education from ₹1 lakh to ₹5 lakh.

  • RBI also flags concerns over firms that aggregate loan offers from different lenders, saying the aggregators could be harming consumers’ interests.

  • Along with steps to protect borrowers availing loans online, RBI enhanced the UPI payment limits, and the limit on recurring e-payment mandates for credit card and insurance premia payments as well as mutual fund investments to ₹1 lakh from the current limit of ₹15,000.

  • While the RBI had introduced a regulatory framework for digital lending in late 2022,

  • RBI Governor said, that several concerns had come to the central bank’s notice relating to the web-aggregation of loan products that were harming consumers’ interests


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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: RBI - UPI UPSC NOTE
RBI - UPI UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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