In a bold leap for India’s digital economy, the National Payments Corporation of India (NPCI) has officially raised the Unified Payments Interface (UPI) transaction limit to ₹10 lakh for select merchant categories, effective today. The move is set to revolutionize high-value digital payments, making it easier for professionals, businesses, and individuals to transact large sums instantly—without the friction of traditional banking delays.
“This is not just a tech upgrade—it’s a statement. India is ready for big, fast, secure digital money.” — Industry expert, Digital Bharat Forum
What’s New
- New Limit: ₹10 lakh/day for Person-to-Merchant (P2M) transactions in sectors like insurance, capital markets, travel, and government services.
- Old Limit: ₹5 lakh/day for select categories.
- P2P Transactions: Still capped at ₹1 lakh/day.
- Bank Discretion: Individual banks may impose lower limits based on risk policies.
Why It Matters
With over 12 billion UPI transactions processed monthly, this upgrade positions UPI not just as a tool for everyday payments—but as a backbone for India’s high-value digital commerce. From booking luxury travel to settling insurance premiums, UPI now competes with NEFT and RTGS in speed and convenience.
Global Impact
India’s UPI is already being adopted in countries like France, UAE, and Singapore. This new limit strengthens its global reputation as a scalable, secure, and inclusive payment system.