Income Tax 16 September 2026
New UPI Transaction Limit FAQs Released by Government
The Ministry of Finance and RBI have issued a detailed FAQ clarifying the new upper limit for UPI transactions above Rs 2,000. Citizens are urged to review the official guidance to understand how the change affects daily transfers, compliance requirements, and any associated fees, ensuring they stay within the updated regulatory framework.
The government has published a FAQ sheet answering common questions about the new UPI transaction limit for payments above Rs 2,000. Key points include:
- Eligibility: All users must follow the revised ceiling; banks will enforce the limit automatically.
- Impact on fees: No additional charges are expected, but banks may update their own fee structures.
- Compliance: Users should regularly check updates from the Ministry of Finance and RBI.
For full details, read the official release on Moneycontrol.
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