Have UPI transaction limits been raised to Rs 10 lakh for P2M payments from Sep 15?
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Synopsis
The NPCI is making waves in the digital payment landscape with a landmark increase in UPI transaction limits for P2M payments, allowing users to send up to Rs 10 lakh in a day. This change, effective September 15, aims to enhance convenience and security, making digital transactions more accessible for high-value payments.
Key Takeaways
- UPI transaction limits for P2M payments increased to Rs 10 lakh.
- Effective date: September 15.
- P2P transfer limits remain at Rs 1 lakh.
- Investment transaction limits raised to Rs 5 lakh.
- Travel sector benefits with a Rs 5 lakh cap.
New Delhi, Sep 11 (NationPress) The National Payments Corporation of India (NPCI) revealed a significant change in the Unified Payments Interface (UPI) limits for Person-to-Merchant (P2M) transactions, set to take effect on September 15.
This initiative aims to facilitate high-value digital payments, enhancing user convenience while implementing robust security measures.
According to the new stipulations, users can now execute P2M transactions of up to Rs 10 lakh in a single day for particular verified merchant categories.
Conversely, the limit for Person-to-Person (P2P) transfers remains the same at Rs 1 lakh per day.
These modifications are anticipated to assist sectors where customers often encountered limitations on substantial transactions, compelling them to divide payments or resort to traditional methods like cheques and bank transfers.
For investments in capital markets and insurance, the per-transaction limit has been raised from Rs 2 lakh to Rs 5 lakh, with a daily maximum of Rs 10 lakh.
On the Government e-Marketplace (GeM portal), including tax payments and earnest money deposits, the limit has surged from Rs 1 lakh to Rs 5 lakh per transaction.
The travel industry has also benefited significantly, with the transaction cap increasing from Rs 1 lakh to Rs 5 lakh, alongside a daily limit of Rs 10 lakh.
Payments for credit card bills can now reach Rs 5 lakh per transaction, with an overall daily maximum of Rs 6 lakh.
For loan repayments and EMI collections, the new limit stands at Rs 5 lakh per transaction and Rs 10 lakh per day.
Purchases of jewelry are now permitted up to Rs 2 lakh in a single transaction, an increase from the previous limit of Rs 1 lakh, with a daily ceiling of Rs 6 lakh.
Banking services such as term deposits through digital onboarding have also seen enhancements, with limits elevated to Rs 5 lakh per transaction and per day, up from Rs 2 lakh previously.
NPCI stated that these adjustments will render UPI more beneficial for high-value payments across key sectors, promoting broader acceptance of digital transactions in India.
Point of View
The NPCI's recent changes to UPI transaction limits reflect a progressive step towards facilitating larger digital payments while ensuring security. This adjustment is poised to significantly impact various sectors by alleviating transaction constraints, thus aligning with the broader goal of financial inclusion and modernization in India.
NationPress
31/10/2025
Frequently Asked Questions
What is the new UPI transaction limit for P2M payments?
The new UPI transaction limit for Person-to-Merchant payments is raised to Rs 10 lakh per day.
When will the new UPI limits take effect?
The revised UPI limits will be effective from September 15.
Is there a change in the limit for P2P transactions?
No, the limit for Person-to-Person transfers remains unchanged at Rs 1 lakh per day.
What is the limit for investment-related transactions?
For investments in capital markets and insurance, the limit has increased to Rs 5 lakh per transaction, with a daily maximum of Rs 10 lakh.
How does this change affect the travel sector?
The transaction cap in the travel sector has risen from Rs 1 lakh to Rs 5 lakh, with a daily limit of Rs 10 lakh.
