RBI increases limit for contactless card transactions to Rs 5,000 from January 1

"In order to expand the adoption of digital payments in a safe and secure manner, it is proposed to enhance, at the discretion of the user, the limits for contactless card transactions and e-mandates for recurring transactions through cards (and UPI) from Rs 2,000 to Rs 5,000 from January 1, 2021," as per Shaktinatha Das's statement.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/personal-finance-news/rbi-increases-limit-for-contactless-card-transactions-to-rs-5000-from-january-1/articleshow/79560535.cms