The results of the monetary policy meeting of the Reserve Bank of India (RBI MPC Meeting Results) have come and it has been decided to keep the repo rate stable for the 9th consecutive time. However, while announcing the results, Central Bank Governor Shaktikanta Das announced a relief change regarding UPI (UPI Rule Change). Actually, now tax payment up to Rs 5 lakh can be done through UPI.
Earlier this limit was Rs 1 lakh
Announcing the results of the MPC meeting, RBI Governor Shaktikanta Das said that now tax payment of up to Rs 5 lakh can be made at a time through Unified Payments Interface or UPI, whereas till now this limit was limited to only Rs 1 lakh. . Elaborating on the discussion held in the MPC meeting regarding repo rate, inflation and GDP, Governor Shaktikanta Das shared information about this proposal. Increasing the tax payment limit through UPI will encourage digital payments.
This proposal regarding check clearance
While announcing the results of the MPC meeting, Governor Shaktikanta Das informed about the change in tax payment limit through UPI, along with this he also gave information about other important decisions. He said that during the meeting, the time taken for check clearance was also thoroughly discussed and now it has been proposed to take steps to complete this work in just a few hours.