UPI 5 Major Updates in 2024 👉To curb rising instances of online payment fraud, a four-hour time limit would be applicable each time a user initiates the first payment exceeding Rs 2,000 to another user with whom they have not previously transacted. 👉UPI for secondary market’ facility has gone live from January 1 in the Beta phase for the equity cash segment. HDFC Bank has already gone live with this facility - now you can invest in stock market via UPI from your HDFC Bank’s App 👉 UPI transaction limit for hospitals and educational institutions from ₹1 lakh to ₹5 lakh 👉 UPI payments to Rs 1 lakh for credit card repayments, mutual fund subscriptions and insurance premiums will no longer require an additional factor authentication. Before the announcement, the limit of money that could be transferred without AFA authentication was Rs 15,000. 👉The RBI has now allowed banks to offer a credit line facility to UPI users. You can spend from a pre-sanctioned credit line and repay the bank later. =============================================================================== Follow our channels (bekifaayati) on  Instagram: https://www.instagram.com/bekifaayati/ ​​  Facebook: https://www.facebook.com/kifaayati​​  Linkedin: https://www.linkedin.com/company/kifaayat/  Twitter: https://twitter.com/bekifaayati​ #UPI #RBI =============================================================================== We Simply the World of Personal Finance! Subscribe Our Channel to Uncomplicate Your Financial Life null