The National Payments Corporation of India (NPCI) has increased the UPI transaction limit to ₹10 lakh per day for select high-value categories starting September 15. The revision will benefit payments such as taxes, insurance premiums, EMIs, capital market investments, travel bookings, jewellery purchases, and government e-marketplace transactions, making it easier for users to handle large transactions digitally.
While Person-to-Merchant (P2M) payments enjoy the higher limit, Person-to-Person (P2P) transfers remain capped at ₹1 lakh per day. Under the new structure, capital market and insurance payments can go up to ₹5 lakh per transaction, credit card bills up to ₹5 lakh with a daily cap of ₹6 lakh, and travel bookings up to ₹5 lakh per transaction. Even jewellery purchases now have a limit of ₹2 lakh per transaction, while banking services like digital term deposits allow transfers of up to ₹5 lakh.
The move is expected to make UPI more versatile, secure, and convenient for high-value payments, further strengthening India’s digital economy.
