The National Payments Corporation of India (NPCI) has announced a major update to the Unified Payments Interface (UPI) transaction limits for Person-to-Merchant (P2M) payments, effective from September 15.
With this revision, users can now make P2M transactions up to ₹10 lakh per day for certain verified merchant categories, making high-value digital payments easier, faster, and more secure.
Key Highlights of the New UPI Rules:
- P2P (Person-to-Person) transfers remain the same at ₹1 lakh per day.
- Capital markets & insurance: Limit raised to ₹5 lakh per transaction (₹10 lakh per day).
- Government e-Marketplace (GeM), tax payments & deposits: Increased from ₹1 lakh to ₹5 lakh per transaction.
- Travel bookings: Now up to ₹5 lakh per transaction, with a daily cap of ₹10 lakh.
- Credit card bill payments: Up to ₹5 lakh per transaction, maximum ₹6 lakh daily.
- Loan repayments & EMIs: Increased to ₹5 lakh per transaction and ₹10 lakh per day.
- Jewellery purchases: Limit doubled from ₹1 lakh to ₹2 lakh per transaction, daily cap ₹6 lakh.
- Bank deposits via digital onboarding: Raised to ₹5 lakh per transaction/day, earlier ₹2 lakh.
NPCI said this upgrade will make UPI more powerful for high-value transactions, reducing the need for cheques or bank transfers, and encouraging wider use of digital payments in India.
