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    NPCI Raises Daily UPI Limits For High-Value Payments To…; Here’s What You Need To Know

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    By Priya Raghuvanshi

    Copyright timesnownews

    NPCI Raises Daily UPI Limits For High-Value Payments To...; Here's What You Need To Know

    The National Payments Corporation of India (NPCI) has announced a significant increase in Unified Payments Interface (UPI) transaction limits for person-to-merchant (P2M) payments. From Monday onwards, select categories can now process payments up to Rs 10 lakh within 24 hours, marking a major step toward facilitating larger digital transactions. However, the person-to-person (P2P) payment limit remains capped at Rs 1 lakh daily. This upgrade addresses a common frustration among users who previously had to split high-value payments or resort to slower traditional methods like cheques and bank transfers. Expanded Limits Across Sectors To Ease Transactions Under the updated rules, capital market and insurance-related payments see their per-transaction limit rise from Rs 2 lakh to Rs 5 lakh, with a daily ceiling of Rs 10 lakh. The Government e-Marketplace transactions, including earnest money deposits and tax payments, have been raised to Rs 5 lakh per transaction from the earlier Rs 1 lakh limit. Other categories benefiting from higher caps include travel bookings, loan repayments, EMI collections, and credit card bill payments, with per transaction limits increasing to Rs 5 lakh. However, credit card payments have a daily cap of Rs 6 lakh. Even jewellery purchases have received a boost, with limits increasing to Rs 2 lakh per transaction and Rs 6 lakh daily. Banking services such as term deposits through digital onboarding also enjoy higher limits, now capped at Rs 5 lakh per transaction and per day compared to the previous Rs 2 lakh. Enhanced Security and Merchant Verification Key to Higher Limits While these new limits offer greater convenience, the higher UPI transaction thresholds apply exclusively to verified merchants, ensuring enhanced safety and trust for users. Industry experts have lauded the move, highlighting that multi-factor authentication and stringent merchant vetting will back the elevated limits to prevent fraud and maintain security standards. NPCI has assured that users eligible for these benefits will have the changes applied automatically, without needing to take extra steps.

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