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Enhancement Of The Limit Under e-RUPI To Rs. 1 Lakh
e-RUPI launched to seamlessly transfer welfare services to beneficiaries are pre-paid digital vouchers and are directly passed on to the phones of beneficiaries. e-RUPI is a cashless and contactless pre-digital payment mode.
The RBI in its monetary policy today has increased the cap under e-RUPI (Prepaid Digital Vouchers using UPI). " In the government statement on February 10, 2022, the single cash payment voucher has a cap of Rs. 10000 and as per the statement, "The e-RUPI pre-paid digital voucher developed by the NPCI was launched in
August 2021. The single use cashless payment voucher has a cap of ₹10,000. It is now proposed to increase the cap of e-RUPI vouchers issued by the Central government and State governments from ₹10,000 to ₹1,00,000 per voucher and permit such e-RUPI vouchers to be used more than once (until the amount of the voucher is completely redeemed). This will further facilitate the delivery of various government schemes to the beneficiaries more efficiently.
