Module: General Practice
Q7: Scenario: Mr. Sharma is discharged from a hospital in Mumbai on February 10, 2026. His final bill is ₹4,20,000. He attempts to pay the full amount via a single UPI transaction to the hospital's verified merchant QR code. Based on current regulations, will this transaction succeed?
✅ Correct Answer: C
Concept: Application of Enhanced Limits (Category Code 5 Lakh). Rule: As of Dec 2023 (and in force in 2026), the RBI raised the UPI transaction limit to ₹5 Lakh specifically for payments to Hospitals and Educational Institutions.
Condition: The merchant (Hospital) must be classified under the correct Merchant Category Code (MCC). If the merchant is "verified" under this category, a single transaction of ₹4.2 Lakh is permissible.
Contrast: If this were a payment to a jewelry store (standard merchant), it would fail (limit ₹1 Lakh).
Condition: The merchant (Hospital) must be classified under the correct Merchant Category Code (MCC). If the merchant is "verified" under this category, a single transaction of ₹4.2 Lakh is permissible.
Contrast: If this were a payment to a jewelry store (standard merchant), it would fail (limit ₹1 Lakh).