New UPI feature to allow multiple users to use one account for transactions

RBI has increased the limit for tax payments through UPI from Rs 1 lakh to Rs 5 lakh per transaction

The Reserve Bank of India (RBI) has proposed introducing Delegated Payments feature on Unified Payments Interface (UPI), the widely used digital payments platform, allowing multiple users to make transactions from a single primary bank account.

The holder of the primary bank account can set transaction limits for secondary users linked