New Delhi : The National Payments Corporation of India (NPCI) announced on Thursday a major revision in Unified Payments Interface (UPI) limits for Person-to-Merchant (P2M) transactions, effective September 15.
The move aims to make high-value digital payments easier and more convenient for users while maintaining strong security measures.
Under the new rules, users can now make P2M transactions of up to Rs 10 lakh per day for specific verified merchant categories.
However, the Person-to-Person (P2P) transfer limit remains at Rs 1 lakh per day.
The changes benefit sectors where customers often faced restrictions on large transactions, forcing them to split payments or rely on cheques and bank transfers.
For capital market and insurance investments, the NPCI increased the per-transaction limit from Rs 2 lakh to Rs 5 lakh, with a daily cap of Rs 10 lakh.
On the Government e-Marketplace (GeM portal), including tax payments and earnest money deposits, the NPCI raised the limit from Rs 1 lakh to Rs 5 lakh per transaction.
The travel sector also benefits, with the transaction cap rising from Rs 1 lakh to Rs 5 lakh, along with a daily limit of Rs 10 lakh.
Users can now pay credit card bills up to Rs 5 lakh per transaction, with a maximum of Rs 6 lakh per day.
For loan repayments and EMI collections, the new limits are Rs 5 lakh per transaction and Rs 10 lakh per day.
NPCI allows jewellery purchases up to Rs 2 lakh per transaction, compared to the earlier Rs 1 lakh, with a daily cap of Rs 6 lakh.
Banking services, such as term deposits through digital onboarding, also see raised limits of Rs 5 lakh per transaction and per day, up from Rs 2 lakh.
NPCI expects these changes to make UPI more useful for high-value payments across critical sectors, encouraging wider adoption of digital transactions in India.
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