RBI hikes limit for contactless card transaction to Rs 5,000 from Rs 2,000

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The Reserve Bank of India on Friday hiked the limits for contactless card payments from ₹2,000 to ₹5,000. This will be effective from 1 January 2021 and will be at the discretion of the user. RBI Governor Shaktikanta Das made the announcement while putting forth the decisions taken by RBI's Monetary Policy Committee (MPC).

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The Reserve Bank of India on Friday hiked the limits for contactless card payments from ₹2,000 to ₹5,000. This will be effective from 1 January 2021 and will be at the discretion of the user. RBI Governor Shaktikanta Das made the announcement while putting forth the decisions taken by RBI's Monetary Policy Committee (MPC).

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