UPI transaction limits raised to Rs 10 lakh

The North News

Chandigarh, September 15

The National Payments Corporation of India (NPCI) has raised Unified Payments Interface (UPI) limits, allowing higher-value transactions across multiple sectors from today.  The revised framework sets per-transaction limits of ₹5 lakh for insurance premiums, capital market investments, credit card bill payments and government e-marketplace purchases. Daily transaction ceilings in these categories have been fixed at ₹10 lakh.

Credit card payments and jewellery purchases will now allow up to ₹5 lakh per transaction, with a daily cap of ₹6 lakh. Business and merchant payments have been permitted up to ₹5 lakh per transaction without a daily ceiling. Digital account opening transactions will carry both per-transaction and daily limits of ₹5 lakh. Person-to-person transfers remain capped at ₹1 lakh per day.

NPCI said the revisions reflect UPI’s rapid growth from a small-value payments platform to a widely used system for larger financial transactions. The changes are expected to improve convenience for both consumers and businesses in managing high-value digital payments.