The National Payments Corporation of India (NPCI) has recently revised the maximum limit for UPI Autopay transactions in select categories such as insurance, credit card bills, financial services, and securities brokers. What is the new maximum limit set without requiring Additional Factor Authentication (AFA)?
NPCI raised the UPI Autopay limit from the earlier ₹15,000 to ₹1,00,000 for certain categories. These include insurance, credit card bill payments, financial services, and securities brokerage transactions.
Knowledge Booster:
UPI Autopay works under the e-mandate framework.
Transactions beyond the specified limit require Additional Factor Authentication (AFA).
The enhancement helps accommodate high-value recurring payments like premiums and investments.
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