RBI vide circular dated December 04, 2024 has issued an amendment to Framework for Facilitating Small Value Digital Payments in Offline Mode. The framework, inter-alia, prescribes an upper limit of ₹500 for offline digital payment transaction, and a total limit of ₹2,000 for a payment instrument at any point in time.
The Offline framework has been updated and the enhanced limits for UPI Lite shall be ₹1,000 per transaction, with ₹5,000 being the total limit at any point in time.
This circular shall come into effect immediately.
