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To curb fraud, NPCI limits daily UPI P2P transactions to 10 per account

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In a new circular, the National Payments Corporation of India (NPCI) has cut the number of P2P transactions allowed from a single bank account to 10 over of 24 hours. The timestamp of the first transaction will be considered as the start time. Earlier, users could make up to 20 such transactions.

The circular, dated October 21, also stated that this is ‘inclusive to only for P2P transactions originating from a........

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