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    NPCI Hikes UPI Transaction Limits: These Users Can Now Pay Up To Rs 10 Lakh Daily

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    By News18,Varun Yadav

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    NPCI Hikes UPI Transaction Limits: These Users Can Now Pay Up To Rs 10 Lakh Daily

    UPI Transaction Limit Hike: From September 15, the National Payments Corporation of India (NPCI) has upgraded the transaction limits for certain categories of UPI users. This allows flexibility and accessibility to users of the digital platform for higher ticket transactions.

    “NCPI has increased the per transaction limits for entities under categories aligned to tax payments to Rs 5 lakh. With UPI emerging as a preferred payment method, there are requirements from the market on extending higher per transaction limits for additional categories of transactions in UPI,” the circular read.

    Additionally, users can now make payments totalling up to Rs 10 lakh in 24 hours for these categories. Previously, payments for capital markets and insurance were capped at Rs 2 lakh per transaction, while the cumulative limit for 24 hours was lower. Notably, the per-transaction limit for placing an IPO bid via UPI remains at Rs 5 lakh.

    The transaction limit has also been increased for the government e-Marketplace (GeM) category, which falls under merchant category code (MCC) 9311 for tax payments, allowing individuals to make payments up to Rs 5 lakh per transaction and Rs 10 lakh cumulatively per day.

    Other Categories See Limit Boosts

    The UPI regulator has also enhanced the transaction limits for other categories, including credit card payments and loan or B2B collections. Credit card payments now have a per-transaction limit of Rs 5 lakh and a 24-hour cap of Rs 6 lakh, while collections can reach Rs 10 lakh in 24 hours.

    NPCI has clarified that these enhanced limits will apply only to payments to verified merchant accounts, while peer-to-peer transactions remain capped at Rs 1 lakh per day. Banks and payment apps are required to implement these changes by September 15, and they may set internal limits according to their policies.

    New Categories Get Higher Limits

    The regulator has also extended higher limits to new categories. Users accessing FX-Retail via Bharat Bill Payment System (BBPS) can now transact up to Rs 5 lakh per transaction, covering outward remittances, forex card loading and currency purchases. Similarly, term deposits and initial funding for fully digital account openings can now be carried out at Rs 5 lakh per transaction.

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