UPI's popularity has led to varied limits across banks, depending on the type of transaction.
Your UPI PIN is required only to deduct money from your account, not to receive money.
NPCI plans to meet with representatives from fintech firms like CRED, Flipkart, Fampay, Amazon etc.
NPCI has granted banks and third-party apps a grace period until December 31 to identify these inactive UPI IDs.
PM Modi highlighted the benefits of this initiative, stating that Indian tourists will now have the convenience of making payments in rupees.