The National Payments Corporation of India (NPCI) has increased transaction limits for several categories that are being implemented from today, September 15. The limits are changed particularly for high‑value sectors like insurance, investments, travel, and credit card bills.
According to the circular issued by NPCI last month, the new UPI rules are designed to make high-value digital payments easier and more secure for Indian users. After this change, users can now make UPI merchant transactions of up to Rs 10 lakh in a single day for selected verified categories.
UPI Transaction Limits: A look at the full list of categories
P2M (Person‑to‑Merchant) Transactions: The limit now allows up to Rs 5 lakh per transaction in many cases, with a daily cap of Rs 10 lakh.
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The pre-transaction limit has been extended from Rs 2 lakh to Rs 5 lakh for insurance and capital market investments. The daily allowed aggregate is Rs 10 lakh for the same category.
GEM: The per-transaction limit on the Government e-Marketplace (GEM) has been increased from Rs 1 lakh to Rs 5 lakh for earnest money, tax payments, etc.
Travel bookings: The limit for travel bookings has also risen from Rs 1 lakh to Rs 5 lakh per transaction, with a Rs 10 lakh daily cap.
Credit card: Credit card bill payments can now be made up to Rs 5 lakh in one go, though the daily cap is restricted to Rs 6 lakh.
Loan and EMI: For loan and EMI collections, the limit is now Rs 5 lakh per transaction and Rs 10 lakh per day.
Jewellery purchases: The limitations increase more modestly for jewellery transactions, from Rs 1 lakh to Rs 2 lakh per transaction and up to Rs 6 lakh per day.
P2P transactions: The UPI limit for Person-to-Person (P2P) transfers remains unchanged at Rs 1 lakh per day.
UPI transactions in August
The UPI in August crossed 20 billion transactions, according to the National Payments Corporation of India (NPCI) data on Monday, September 1. This is the first time that the UPI transactions have achieved this number.
In August, UPI transactions reached the 20.01 billion mark, registering a 2.8 per cent increase over July (19.47 billion). On the annual basis, this is a 34 per cent increase.
According to NPCI data, the average number of transactions per day increased to 645 million (from 628 million in July) and the daily transaction value was Rs 80,177 crore. Read more
