The transfer limit for Satna, Paya and Pal has been increased.
🔹 Following the Central Bank's decision, the minimum amount for inter-customer payment orders through the Satna system - both in person and not inside - was raised from 1 billion to 2 billion riyals.
🔹 Also, the limit for each non-personal payment order through the Paya system was increased from 2 billion to 3 billion riyals, while the limit for personal payment orders through Paya was raised from 2 billion to 5 billion riyals.
🔹 For the Pal system, the daily limit for non-personal payment orders was increased from 1 billion to 2 billion riyals, and the limit for personal payment orders was raised from 1 billion to 3 billion riyals.
🔹 Moreover, the maximum number of incoming payment orders allowed to a beneficiary (per account) in the Pal system is set at five per day.