The National Payments Corporation of India (NPCI) has increased the per-transaction limit to INR 5 lakh, but this will apply only to entities falling under the tax net. This move is expected to make it easier for customers to make high-value payments digitally.
When Will the New Rules Take Effect?
According to a circular issued by NPCI, these revised limits will come into effect from September 15, 2025. The increased limit will apply to Person-to-Merchant (P2M) transactions. For Person-to-Person (P2P) transfers, the existing limit of INR 1 lakh per transaction will remain unchanged. All banks are expected to implement these new limits from the specified date.
Capital Markets & Insurance Transactions: Limits Doubled
For transactions in the Capital Markets and Insurance sectors, the 24-hour limit has been increased from INR 2 lakh to INR 10 lakh. This means verified merchants can make individual payments of up to INR 5 lakh, and up to INR 10 lakh in total within 24 hours.
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Revised Limits for Various UPI Payments
| Category | Old Limit | New Limit (Per Txn) | New Daily Limit |
|---|---|---|---|
| Capital Markets & Insurance | INR 2 lakh | INR 5 lakh | INR 10 lakh |
| Government e-Marketplace, Taxes | INR 1 lakh | INR 5 lakh | Not specified |
| Travel Bookings | INR 1 lakh | INR 5 lakh | INR 10 lakh |
| Credit Card Bill Payments | INR 2 lakh | INR 5 lakh | INR 6 lakh |
| Loan/EMI Payments | INR 2 lakh | INR 5 lakh | INR 10 lakh |
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