RBI Increases Wallets' Transaction Limit

Currency ban of 500 and 1000 Rs note is impacting our daily life. Though people are happy with the decision which will stop the black money but the fact is they are suffering as well. To ease common man struggle for the money, RBI and Government of India has taken several steps.

Now the new announcement is about the m wallets' transaction limit. After seeing huge growth in mobile wallets use, RBI decides to increase the transaction limit to Rs 20,000 for users and to Rs 50,000 for merchant bank transfers.

This initiative is surely gonna help the common man as well as business.