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RBI increases contactless card transactions limit to Rs 5,000

The Reserve Bank of India (RBI) has enhanced the limit for contactless card payments from Rs 2,000 to Rs 5,000 per transaction.

The enhanced limit will be effective from January 1, 2021 and it will be at the discretion of the card user.

The announcement was made by RBI Governor Shaktikanta Das during his statement RBI’s bi-monthly policy review.



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