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What is the proposed new transaction limit for tax payments through UPI as per the recent RBI statement?

1. ₹1 lakh
2. ₹2 lakh
3. ₹3 lakh
4. ₹5 lakh

Correct answer: ₹5 lakh

Solution

The RBI proposed increasing the transaction limit for tax payments through UPI to ₹5 lakh. This is a policy move aimed at enabling larger tax-related digital payments. Hence, the correct answer is ₹5 lakh.

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