{"id":1276955,"date":"2023-12-15T07:53:58","date_gmt":"2023-12-15T02:23:58","guid":{"rendered":"https:\/\/trak.in\/stories\/?p=1276955"},"modified":"2023-12-15T07:54:15","modified_gmt":"2023-12-15T02:24:15","slug":"automatic-upi-payment-allowed-till-rs-100000-how-is-this-beneficial-for-subscribers-in-india","status":"publish","type":"post","link":"https:\/\/trak.in\/stories\/automatic-upi-payment-allowed-till-rs-100000-how-is-this-beneficial-for-subscribers-in-india\/","title":{"rendered":"Automatic UPI Payment Allowed Till Rs 1,00,000: How Is This Beneficial For Subscribers In India?"},"content":{"rendered":"\n

For certain categories and subscriptions to mutual funds, the country\u2019s central bank, the Reserve Bank of India, has increased the limit for automatic payments via UPI to Rs 1 lakh per transaction from its existing limit of Rs 15,000 on Tuesday.<\/p>\n\n\n\n

\"Automatic<\/figure>\n\n\n\n

UPI Transaction Limit Increase<\/strong><\/p>\n\n\n\n

Once again, RBI has given a piece of good news to the people by increasing  auto payment up to Rs 1 lakh  through UPI. <\/p>\n\n\n\n

Notably, this limit was only Rs 15 thousand earliers<\/p>\n\n\n\n

If you are wondering about this service, it can be used in many services such as payment of mutual funds, insurance premium and credit card bills.<\/p>\n\n\n\n

So far, the relaxation in Additional Factor of Authentication (AFA) is permitted for the processing of e-mandates\/standing instructions on cards, prepaid payment instruments and UPI (Unified Payments Interface), for subsequent recurring transactions having values up to Rs 15,000.<\/p>\n\n\n\n

In a circular, RBI said, “…it has been decided to increase the limit from Rs 15,000 to Rs 1,00,000 per transaction for… subscription to mutual funds, payment of insurance premiums, and credit card bill payments on the processing of e-mandates for recurring transactions.”<\/p>\n\n\n\n

Meanwhile, it won’t be an exaggeration to say that UPI<\/a> has emerged as a preferred mode of payment in the country as it can cater to a large section of the population as already over 11.23 billion transactions have been recorded during November this year.<\/p>\n\n\n\n

In the same regard last week, an announcement was made by Reserve Bank Governor, Shaktikanta Das when he was  unveiling the December bi-monthly monetary policy.<\/p>\n\n\n\n

How Does This Help?<\/strong><\/p>\n\n\n\n

With this increased limit of Rs 1 lakh per transaction in some categories, the customers will be able to easily make recurring payments for mobile bill, electricity bill, EMI payment, entertainment\/OTT subscription, insurance and mutual funds. <\/p>\n\n\n\n

In order to achieve this, the recurring e-mandate will have to start using any UPI application, according to the RBI circular<\/a>. <\/p>\n\n\n\n

So far, an OTP was required for auto payment transactions above Rs 15,000.<\/p>\n\n\n\n

But, now the consumer can easily approve auto pay up to Rs 1 lakh without any OTP.<\/p>\n","protected":false},"excerpt":{"rendered":"

For certain categories and subscriptions to mutual funds, the country\u2019s central bank, the Reserve Bank of India, has increased the limit for automatic payments via UPI to Rs 1 lakh per transaction from its existing limit of Rs 15,000 on Tuesday. UPI Transaction Limit Increase Once again, RBI has given a piece of good news […]<\/p>\n","protected":false},"author":27,"featured_media":1276967,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[41,4174],"class_list":["post-1276955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-upi","tag-upi-payments"],"acf":[],"yoast_head":"\nAutomatic UPI Payment Allowed Till Rs 1,00,000: How Is This Beneficial For Subscribers In India? - Trak.in - Indian Business of Tech, Mobile & Startups<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/trak.in\/stories\/automatic-upi-payment-allowed-till-rs-100000-how-is-this-beneficial-for-subscribers-in-india\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Automatic UPI Payment Allowed Till Rs 1,00,000: How Is This Beneficial For Subscribers In India? - Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"og:description\" content=\"For certain categories and subscriptions to mutual funds, the country\u2019s central bank, the Reserve Bank of India, has increased the limit for automatic payments via UPI to Rs 1 lakh per transaction from its existing limit of Rs 15,000 on Tuesday. UPI Transaction Limit Increase Once again, RBI has given a piece of good news […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/trak.in\/stories\/automatic-upi-payment-allowed-till-rs-100000-how-is-this-beneficial-for-subscribers-in-india\/\" \/>\n<meta property=\"og:site_name\" content=\"Trak.in - Indian Business of Tech, Mobile & Startups\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-15T02:23:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-15T02:24:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/12\/Untitled-design-2-6.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"465\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Sheetal Bhalerao\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Sheetal Bhalerao\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/trak.in\/stories\/automatic-upi-payment-allowed-till-rs-100000-how-is-this-beneficial-for-subscribers-in-india\/\",\"url\":\"https:\/\/trak.in\/stories\/automatic-upi-payment-allowed-till-rs-100000-how-is-this-beneficial-for-subscribers-in-india\/\",\"name\":\"Automatic UPI Payment Allowed Till Rs 1,00,000: How Is This Beneficial For Subscribers In India? - Trak.in - Indian Business of Tech, Mobile & Startups\",\"isPartOf\":{\"@id\":\"https:\/\/trak.in\/stories\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/trak.in\/stories\/automatic-upi-payment-allowed-till-rs-100000-how-is-this-beneficial-for-subscribers-in-india\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/trak.in\/stories\/automatic-upi-payment-allowed-till-rs-100000-how-is-this-beneficial-for-subscribers-in-india\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/12\/Untitled-design-2-6.png\",\"datePublished\":\"2023-12-15T02:23:58+00:00\",\"dateModified\":\"2023-12-15T02:24:15+00:00\",\"author\":{\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/86e2f64ead27addec3fdbe5ee1478ba6\"},\"breadcrumb\":{\"@id\":\"https:\/\/trak.in\/stories\/automatic-upi-payment-allowed-till-rs-100000-how-is-this-beneficial-for-subscribers-in-india\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/trak.in\/stories\/automatic-upi-payment-allowed-till-rs-100000-how-is-this-beneficial-for-subscribers-in-india\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/automatic-upi-payment-allowed-till-rs-100000-how-is-this-beneficial-for-subscribers-in-india\/#primaryimage\",\"url\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/12\/Untitled-design-2-6.png\",\"contentUrl\":\"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/12\/Untitled-design-2-6.png\",\"width\":1000,\"height\":465},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/trak.in\/stories\/automatic-upi-payment-allowed-till-rs-100000-how-is-this-beneficial-for-subscribers-in-india\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/trak.in\/stories\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Automatic UPI Payment Allowed Till Rs 1,00,000: How Is This Beneficial For Subscribers In India?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/trak.in\/stories\/#website\",\"url\":\"https:\/\/trak.in\/stories\/\",\"name\":\"Trak.in - Indian Business of Tech, Mobile & Startups\",\"description\":\"Trak.in is a popular Indian Business, Technology, Mobile & Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups & Social Media Space\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/trak.in\/stories\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/86e2f64ead27addec3fdbe5ee1478ba6\",\"name\":\"Sheetal Bhalerao\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/931fd08efbd72f7e9477ba740c6a56e72632cfb7ecdccb138d13ff6dca82deec?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/931fd08efbd72f7e9477ba740c6a56e72632cfb7ecdccb138d13ff6dca82deec?s=96&d=mm&r=g\",\"caption\":\"Sheetal Bhalerao\"},\"url\":\"https:\/\/trak.in\/stories\/author\/sheetal-bhalerao\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Automatic UPI Payment Allowed Till Rs 1,00,000: How Is This Beneficial For Subscribers In India? - Trak.in - Indian Business of Tech, Mobile & Startups","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/trak.in\/stories\/automatic-upi-payment-allowed-till-rs-100000-how-is-this-beneficial-for-subscribers-in-india\/","og_locale":"en_US","og_type":"article","og_title":"Automatic UPI Payment Allowed Till Rs 1,00,000: How Is This Beneficial For Subscribers In India? - Trak.in - Indian Business of Tech, Mobile & Startups","og_description":"For certain categories and subscriptions to mutual funds, the country\u2019s central bank, the Reserve Bank of India, has increased the limit for automatic payments via UPI to Rs 1 lakh per transaction from its existing limit of Rs 15,000 on Tuesday. UPI Transaction Limit Increase Once again, RBI has given a piece of good news […]","og_url":"https:\/\/trak.in\/stories\/automatic-upi-payment-allowed-till-rs-100000-how-is-this-beneficial-for-subscribers-in-india\/","og_site_name":"Trak.in - Indian Business of Tech, Mobile & Startups","article_published_time":"2023-12-15T02:23:58+00:00","article_modified_time":"2023-12-15T02:24:15+00:00","og_image":[{"width":1000,"height":465,"url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/12\/Untitled-design-2-6.png","type":"image\/png"}],"author":"Sheetal Bhalerao","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Sheetal Bhalerao","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/trak.in\/stories\/automatic-upi-payment-allowed-till-rs-100000-how-is-this-beneficial-for-subscribers-in-india\/","url":"https:\/\/trak.in\/stories\/automatic-upi-payment-allowed-till-rs-100000-how-is-this-beneficial-for-subscribers-in-india\/","name":"Automatic UPI Payment Allowed Till Rs 1,00,000: How Is This Beneficial For Subscribers In India? - Trak.in - Indian Business of Tech, Mobile & Startups","isPartOf":{"@id":"https:\/\/trak.in\/stories\/#website"},"primaryImageOfPage":{"@id":"https:\/\/trak.in\/stories\/automatic-upi-payment-allowed-till-rs-100000-how-is-this-beneficial-for-subscribers-in-india\/#primaryimage"},"image":{"@id":"https:\/\/trak.in\/stories\/automatic-upi-payment-allowed-till-rs-100000-how-is-this-beneficial-for-subscribers-in-india\/#primaryimage"},"thumbnailUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/12\/Untitled-design-2-6.png","datePublished":"2023-12-15T02:23:58+00:00","dateModified":"2023-12-15T02:24:15+00:00","author":{"@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/86e2f64ead27addec3fdbe5ee1478ba6"},"breadcrumb":{"@id":"https:\/\/trak.in\/stories\/automatic-upi-payment-allowed-till-rs-100000-how-is-this-beneficial-for-subscribers-in-india\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/trak.in\/stories\/automatic-upi-payment-allowed-till-rs-100000-how-is-this-beneficial-for-subscribers-in-india\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/automatic-upi-payment-allowed-till-rs-100000-how-is-this-beneficial-for-subscribers-in-india\/#primaryimage","url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/12\/Untitled-design-2-6.png","contentUrl":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/12\/Untitled-design-2-6.png","width":1000,"height":465},{"@type":"BreadcrumbList","@id":"https:\/\/trak.in\/stories\/automatic-upi-payment-allowed-till-rs-100000-how-is-this-beneficial-for-subscribers-in-india\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/trak.in\/stories\/"},{"@type":"ListItem","position":2,"name":"Automatic UPI Payment Allowed Till Rs 1,00,000: How Is This Beneficial For Subscribers In India?"}]},{"@type":"WebSite","@id":"https:\/\/trak.in\/stories\/#website","url":"https:\/\/trak.in\/stories\/","name":"Trak.in - Indian Business of Tech, Mobile & Startups","description":"Trak.in is a popular Indian Business, Technology, Mobile & Startup blog featuring trending News, views and analytical take on Technology, Business, Finance, Telecom, Mobile, startups & Social Media Space","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/trak.in\/stories\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/86e2f64ead27addec3fdbe5ee1478ba6","name":"Sheetal Bhalerao","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/trak.in\/stories\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/931fd08efbd72f7e9477ba740c6a56e72632cfb7ecdccb138d13ff6dca82deec?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/931fd08efbd72f7e9477ba740c6a56e72632cfb7ecdccb138d13ff6dca82deec?s=96&d=mm&r=g","caption":"Sheetal Bhalerao"},"url":"https:\/\/trak.in\/stories\/author\/sheetal-bhalerao\/"}]}},"jetpack_featured_media_url":"https:\/\/trak.in\/stories\/wp-content\/uploads\/2023\/12\/Untitled-design-2-6.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1276955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/comments?post=1276955"}],"version-history":[{"count":1,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1276955\/revisions"}],"predecessor-version":[{"id":1276968,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/posts\/1276955\/revisions\/1276968"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media\/1276967"}],"wp:attachment":[{"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/media?parent=1276955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/categories?post=1276955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trak.in\/stories\/wp-json\/wp\/v2\/tags?post=1276955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}