UPI Daily P2M Limit Increased to ₹10 Lakh from September 15 for High-Value Payments

The National Payments Corporation of India (NPCI) will increase transaction limits for Person-to-Merchant (P2M) payments on the Unified Payments Interface (UPI), effective September 15, in a move aimed at boosting digital adoption for high-value purchases. Users will now be able to make transactions up to ₹10 lakh in 24 hours with verified merchants, while Person-to-Person (P2P) limits remain at ₹1 lakh per day.

Sector-Specific Changes

• Capital markets & insurance: Per-transaction limit rises from ₹2 lakh to ₹5 lakh; daily limit ₹10 lakh

• Government e-Marketplace (GEM) payments: From ₹1 lakh to ₹5 lakh per transaction

• Travel bookings: From ₹1 lakh to ₹5 lakh per transaction; daily cap ₹10 lakh

• Credit card payments: Up to ₹5 lakh per transaction, ₹6 lakh per day

• Loans & EMIs: ₹5 lakh per transaction; daily total ₹10 lakh

• Jewellery: ₹2 lakh per transaction; ₹6 lakh per day

• Banking services (term deposits): ₹5 lakh per transaction and per day

Benefits for Consumers and Businesses
Experts say the increase will streamline high-value digital payments, reduce the need for multiple transactions, and enhance user convenience. Akash Sinha, CEO of Cashfree Payments, highlighted its impact on sectors such as insurance, investments, and travel, while Akshay Mehrotra, Co-founder of Fibe, noted the benefits for premium payments, portfolio management, and large-ticket purchases.

Seamless Implementation and Security
Eligible users will automatically benefit from higher limits for verified merchants, with no additional steps required. Enhanced security measures—including multi-factor authentication, AI-powered transaction monitoring, and stringent merchant verification—will safeguard high-value payments.

The move marks a significant step in expanding UPI’s role beyond low- and mid-value transactions, making it a versatile tool for India’s growing digital economy.