RBI enhances cap on amount for e-RUPI vouchers from Rs 10,000 to Rs 1 lakh

Launched in August 2021, e-RUPI is a one-time use digital solution to facilitate cashless payment.

The Reserve Bank of India (RBI) on Thursday proposed to increase the cap on the amount for e-RUPI vouchers from Rs 10,000 currently to Rs 1,00,000 so as to enhance the scope of application of these vouchers and facilitate faster delivery of various government services to beneficiaries efficiently.

Further, it said, the e-RUPI vouchers can  be used multiple times, until the amount on the voucher is completely redeemed. Currently, each voucher can be redeemed only once. The RBI will issue necessary instructions in this regard to the National Payments Corporation of India (NPCI).

“This will further facilitate the delivery of various government