Module: General Practice
Q6: As of February 2026, what are the maximum per-transaction limit and the maximum total balance limit allowed in a "UPI Lite" on-device wallet?
✅ Correct Answer: B
🎯 Quick Answer:
Transaction Limit: ₹1,000; Wallet Balance: ₹5,000.Regulatory Update: To encourage wider adoption of small-value digital payments, the RBI enhanced these limits (announced in late 2024/2025). This allows users to pay for slightly larger daily expenses (like groceries or fuel) without entering a PIN, while keeping the risk capped at ₹5,000.