The National Payments Corporation of India (NPCI) has announced new UPI rules effective September 15, 2025, raising transaction limits for several categories to 5 lakh and 10 lakh. The move aims to make high-value digital payments faster and more convenient.
Updated UPI Limits by Category
- Capital Market – Up to 10 lakh
- Insurance – Up to 10 lakh
- Government e-Marketplace (EMD Payments) – Up to 10 lakh
- Travel Bookings – Up to 10 lakh
- Credit Card Bill Payments – Up to 6 lakh
- Collections – Up to 10 lakh
- Business/Merchant Transactions (pre-approved) – Up to 5 lakh
- Jewellery Purchases – 6 lakh (up from 2 lakh)
- FX Retail via BBPS – 5 lakh
- Digital Account Opening (Term Deposits) – 5 lakh
- Digital Account Opening (Initial Funding) – 2 lakh
- P2M Transactions Doubled
UPI users can now make Person-to-Merchant (P2M) payments of up to 10 lakh per transaction. However, Person-to-Person (P2P) transfers remain capped at 1 lakh per day.
Bank-Level Controls
Although NPCI has set these ceilings, individual banks may impose lower internal limits based on their risk policies.
Why It Matters
Enables high-value payments in travel, insurance, and capital markets
Encourages wider UPI adoption by merchants for large transactions
Reduces reliance on net banking for big-ticket purchases
With higher transaction caps, UPI continues to strengthen its position as the backbone of India’s digital payment ecosystem.