UPI payments new record 17.4 lakh crore rupees Transactions value in November 2023

UPI transactions new Record : UPI transactions are increasing continuously in the country. It has set a new record in November. According to National Payments Corporation of India (NPCI) Statistics It has been revealed that last month in November 2023, UPI transactions set a new record of Rs 17.4 lakh crore. Along with this, the volume figure also crossed 11 billion. If compared to the month of November last year, UPI transactions have increased by 54 percent, while its value has seen an increase of 46%.

UPI Transactions The reason for this increase is believed to be the festive season. First in October and then in November, people shopped heavily, which led to a surge in UPI transactions. NPCI figures show that in January this year, UPI transactions were at Rs 12 lakh crore, which increased to Rs 14 lakh crore in March. In July, it crossed the figure of 15 lakh crore and in November it reached a record level of 17.4 lakh crore.

Other things related to online payments News Talking about this, to prevent fraud in this, the government is preparing to bring some rules regarding the first transaction between two people. Now a minimum limit is being fixed for the first transaction between two people. If the new rules are issued, then the first transaction of more than Rs 2 thousand between two people may be delayed by 4 hours.

That is, if you send more than 2 thousand rupees to someone for the first time, the payment will reach in 4 hours. This will cause problems for those doing digital transactions. There may be a decrease in digital payments, but officials feel that it is important to reduce cyber fraud.