The National Payments Corporation of India (NPCI) has made important changes to UPI rules. These new rules will start from Monday, September 15. The changes will help both common people and shopkeepers who use UPI.
NPCI has increased the UPI transaction limit for some categories like insurance premium, capital market, and credit card bill payment to ₹5 lakh per transaction. For these payments, you can do up to ₹10 lakh in a single day (24 hours). Apart from this, the daily transaction limit is also being increased for 12 other categories.
No change in normal UPI limit
NPCI said the higher limit will apply to some categories where tax payment is up to ₹5 lakh. After the change, the limit for government e-marketplace, travel, and business/merchant payments will also be ₹5 lakh per transaction.
But there is no change in P2P (person-to-person) transfers. You can still send only up to ₹1 lakh per day to a normal UPI account.
Transaction Limits
| Category | Per Transaction Limit | Daily Transaction Limit |
|---|---|---|
| Capital Markets (Investments) | ₹5 lakh | ₹10 lakh |
| Insurance | ₹5 lakh | ₹10 lakh |
| Government e-Market Place | ₹5 lakh | ₹10 lakh |
| Travel | ₹5 lakh | ₹10 lakh |
| Credit Card Payments | ₹5 lakh | ₹6 lakh |
| Jewellery | ₹5 lakh | ₹6 lakh |
| Business/Merchant Payments | ₹5 lakh | ₹5 lakh |
| Digital Account Opening | ₹5 lakh | ₹5 lakh |
UPI use is growing
This increase in UPI limits shows that people are using UPI more than ever. In the beginning, UPI was used only for small shop payments. Now, many types of big payments are also done through UPI.
