RBI proposes to raise limit on e-RUPI vouchers to Rs 1 lakh; here’s all you need to know

New Delhi: The Reserve Bank of India (RBI) Thursday proposed to enhance the cap under e-RUPI prepaid digital vouchers.

The present cap of Rs 10,000 will be increased to Rs 1 lakh per voucher and such vouchers will be allowed to be used more than once, RBI Governor Shaktikanta Das said while announcing the latest monetary policy meeting outcome.

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This enhancement is expected to further facilitate the delivery of various government schemes to the beneficiaries more efficiently, he said.

The e-RUPI pre-paid digital voucher developed by the National Payments Corporation of India (NPCI) was launched in August 2021, Das added.

IANS