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NPCI Raises UPI Limits to Rs 5 Lakh for Select Categories From Sept. 15

NPCI says the change meets demand for higher‑value payments while managing risk through verified‑merchant checks and category‑level cumulative caps.

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UPI Transactions

Overview

  • Effective September 15, the per‑transaction cap will be Rs 5 lakh for capital markets, insurance, Government e‑Marketplace, travel, credit card bill payments, collections, business/merchant payments (including pre‑approved), FX retail via BBPS, and term‑deposit account opening.
  • Jewellery and initial digital account funding remain capped at Rs 2 lakh per transaction, and IPO bids via UPI continue at Rs 5 lakh.
  • Daily cumulative limits vary by category, with capital markets, insurance, travel, collections and GeM at Rs 10 lakh, and credit card bill payments at Rs 6 lakh.
  • Higher limits apply only to verified merchant accounts, with acquiring banks responsible for compliance and able to impose lower internal ceilings within NPCI’s maximums.
  • UPI apps and payment service providers must update systems by the deadline; peer‑to‑peer transfers are unchanged and generally capped at Rs 1 lakh per day as volumes reached 20 billion transactions in August.