New Delhi: You can pay larger amounts that before through UPI, starting Monday.
The National Payments Corporation of India (NPCI) has announced an increase in Unified Payments Interface (UPI) transaction limits for several categories. This will allow individuals and businesses to make larger payments in areas such as insurance premiums, capital markets, credit card bills, travel, and government-related transactions.
Under the new framework, the per-transaction limit for categories aligned with tax payments and other high-value transactions has been raised to Rs 5 lakh, while the daily aggregate limit for most of these categories has been increased up to Rs 10 lakh, depending on the category. This will support the growing use of UPI by people as a preferred payment method across India.
“With UPI emerging as the preferred payment mode, there is increasing market demand to extend higher per-transaction limits for additional categories of transactions. This step ensures seamless processing of large-value payments for individuals and businesses alike,” NPCI has said.
For Capital Markets and Investments, Insurance Payments, Government e-Marketplace (GeM) Transactions and Travel Payments, the limit has been raised to Rs 5 lakh per transaction and Rs 10 lakh daily.
For Credit Card Payments, the limit will go up to Rs 5 lakh per transaction and Rs 6 lakh daily. For Collections and Business/Merchant Payments, the new limit has been set at Rs 5 lakh per transaction, with no daily cap for business payments.
For jewellery purchases, people can pay up to Rs 5 lakh per transaction and Rs 6 lakh daily.
The limit for those paying for Foreign Exchange Retail via BBPS has been reset to Rs 5 lakh per transaction daily. For digital account opening and initial funding, people can pay up to Rs 5 lakh per transaction and Rs 2 lakh daily for initial funding.
However, peer-to-peer (P2P) UPI transactions will continue to follow existing limits, with the standard UPI payments capped at Rs 1 lakh per transaction.
“Effective from 15th September, make high-value payments seamlessly with UPI! The transaction limit has been increased to Rs 10 lakh within 24 hours for categories like insurance premiums and capital markets, making large payments faster and easier than ever,” BHIM posted on X.
UPI is developed by NPCI and regulated by the Reserve Bank of India (RBI). It operates on the IMPS infrastructure, enabling instant fund transfers between any two bank accounts. The latest changes are expected to enhance the utility of UPI for high-value transactions, supporting India’s ongoing shift toward a digital-first economy.
With this move, users can now confidently handle larger payments without relying on multiple transactions or alternate banking channels, marking another step forward in India’s digital payments ecosystem.
