The National Payments Corporation of India (NPCI) has revised the transaction limits on the Unified Payments Interface (UPI), allowing users to carry out higher value Person-to-Merchant (P2M) payments. From Monday, users can make transactions of up to ₹10 lakh per day in specified categories with verified merchants.
According to a circular issued by NPCI last month, the per-transaction cap for P2M payments has been raised to ₹5 lakh, while the daily aggregate limit has been enhanced to ₹10 lakh. The new limit applies to sectors such as insurance premiums, capital markets, travel, collections, and the Government e-Marketplace (GeM).
For investments in insurance and capital markets, the per-transaction ceiling has been increased from ₹2 lakh to ₹5 lakh, with a maximum of ₹10 lakh allowed per day. On the Government e-Marketplace, which includes tax payments and earnest money deposits, the limit has been revised from ₹1 lakh to ₹5 lakh per transaction.
The new rules also extend to credit card bill payments, which can now be made up to ₹5 lakh per transaction, with an overall daily cap of ₹6 lakh.
However, the limit for Person-to-Person (P2P) transfers remains unchanged at ₹1 lakh per day.
This upward revision in UPI limits is expected to facilitate seamless, secure, and high-value digital payments, further boosting India’s digital economy.
