NPCI Raises UPI Transaction Limits for High-Value Payments, Effective September 15

The National Payments Corporation of India (NPCI) has increased Unified Payments Interface (UPI) transaction limits for select digital payment categories, making high-value transactions easier for users and merchants. The new limits take effect from September 15, 2025.

Under the revised framework, users can now transact up to ₹10 lakh in 24 hours for specific verified merchant categories. Person-to-Merchant (P2M) payments benefit from the increase, while Person-to-Person (P2P) limits remain at ₹1 lakh per day. Member banks can still set lower limits based on their risk policies.

Key changes in UPI limits:

• Capital markets & insurance: ₹2 lakh → ₹5 lakh per transaction, ₹10 lakh daily.

• Government e-marketplace payments (taxes, deposits): ₹1 lakh → ₹5 lakh per transaction.

• Travel bookings: ₹1 lakh → ₹5 lakh per transaction, ₹10 lakh daily.

• Credit card bill payments: ₹5 lakh per transaction, ₹6 lakh daily.

• Loan & EMI collections: ₹5 lakh per transaction, ₹10 lakh daily.

• Jewellery purchases: ₹1 lakh → ₹2 lakh per transaction, ₹6 lakh daily.

• Term deposits via digital onboarding: ₹2 lakh → ₹5 lakh per transaction/day.

• Foreign exchange payments via BBPS: ₹5 lakh per transaction/day.

• Digital account opening limits remain unchanged at ₹2 lakh.

Why it matters:
The higher limits will reduce the need to split large payments, allow seamless insurance, loan, and investment payments, and ensure smoother real-time settlements.

Akash Sinha, CEO of Cashfree Payments, said, “Raising UPI limits to ₹5 lakh per transaction and ₹10 lakh per day is a timely move that solves a very real problem for merchants handling high-value payments. It enables seamless digital checkouts with instant settlements.”