UPI Raises Transaction Limits: Now Pay Up to ₹10 Lakh for Big Purchases

Starting September 16, India’s most popular digital payments system, UPI, now supports much higher transaction limits. The National Payments Corporation of India (NPCI) has raised caps across several categories, making it easier to pay large amounts instantly without switching to net banking or RTGS.

New Transaction Limits

• Insurance premiums & capital market investments: ₹5 lakh per transaction, up to ₹10 lakh daily
• Government e-Marketplace & travel bookings: ₹5 lakh per transaction, up to ₹10 lakh daily
• Credit card bills & jewellery purchases: ₹5 lakh per transaction, daily cap of ₹6 lakh
• Business/merchant transactions: ₹5 lakh per transaction, no daily cap
• Foreign exchange (BBPS): ₹5 lakh per transaction, ₹5 lakh daily
• Digital account opening: ₹2 lakh per transaction, ₹2 lakh daily
• Peer-to-peer transfers & regular merchant payments: remain capped at ₹1 lakh

Why This Matters

Earlier, customers had to rely on bank transfers or RTGS for payments above ₹1 lakh. With these new limits, large insurance premiums, SIP lump sums, jewellery shopping, and festive travel bookings can now be made instantly via UPI. 

Read More: Investors Can Use UPI Apps for Mutual Fund and Insurance Investments Up to ₹10 Lakh!

Conclusion

With these changes, UPI is evolving beyond being just a tool for small daily payments. By enabling high-value transactions, it is positioning itself as a one-stop solution for everything from festive shopping to major financial commitments, all while offering the convenience, speed, and security users have come to trust.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.