What is the maximum limit for a contactless payment transaction using a debit or credit card in India as of 2024?

Correct option is C

The correct answer is (c) ₹5,000.
• As of 2024, the maximum limit for a single contactless card payment transaction in India is ₹5,000.
• Transactions up to this limit can be made without entering a PIN, enhancing speed and convenience.
Information Booster:
• Contactless payments use Near Field Communication (NFC) technology.
• The limit is set by the Reserve Bank of India (RBI) to balance convenience and security.
• For transactions above ₹5,000, PIN authentication is mandatory.
Additional Knowledge:
• Contactless payments are widely used in metro systems, retail outlets, and fuel stations.
• The facility is available on RuPay, Visa, and Mastercard debit and credit cards.
• Customers can disable or set lower limits for contactless payments through their bank.