Jack
1
What’s Changed
- NPCI has increased the per-transaction limit for certain UPI merchant categories to ₹5,00,000.
- For many of those same categories, the daily (24-hour) aggregate limit has also been increased — often up to ₹10,00,000.
- These changes apply ONLY to verified merchants / specific categories (like insurance, investments, credit card payments, travel, etc.). Regular peer-to-peer (P2P) limits remain unchanged at ₹1,00,000/day.
What It Doesn’t Cover
- P2P transactions: still capped at ₹1,00,000/day.
- Not all merchants qualify — only those in the permitted “high-value” categories and verified under NPCI’s rules.
- Individual banks / payment apps might still impose lower ceilings depending on their risk policy.
Why It Matters
- Makes large payments via UPI more feasible — think insurance premiums, investment purchases, big travel bookings etc.
- Reduces need to split huge payments into smaller chunks.
- Strengthens UPI’s role not just for small everyday payments, but also for fairly large, formal transactions.