UPI New Rules: From September 15, the National Payments Corporation of India (NPCI) has increased the limit of person-to-merchant (P2M) transactions to Rs 10 lakh. Now it has become even easier to make big transactions through UPI.

UPI New Rules: Big news for those who make digital payments. From September 15, the National Payments Corporation of India (NPCI) has increased the limit of person-to-merchant (P2M) transactions to Rs 10 lakh. With this, it has become even easier to make big transactions through UPI. This decision has been taken especially to help people associated with those sectors, who earlier had to face problems due to the low limit.

What has changed under the new rule?

The limit for investment in the capital market and payment of insurance premiums has also been increased from Rs 2 lakh to Rs 5 lakh. However, a maximum of Rs 10 lakh cannot be paid in a day. That is, under the new rules, the limit per transaction in categories like capital market, insurance premium, credit card bill payment, travel and government e-marketplace (GeM) has been increased from Rs 2 lakh to Rs 5 lakh. Out of these, you will be able to transact up to Rs 10 lakh in a day.

Jewellery and banking service

Similarly, the limit for buying jewellery through UPI has been increased to Rs 2 lakh per transaction (earlier Rs 1 lakh). In this category, you will not be able to transact more than Rs 6 lakh in a day. For banking services like fixed deposit through digital onboarding, the limit per transaction has also been increased to Rs 5 lakh per day. However, the limit for P2P payment will remain Rs 1 lakh per day. Increasing the limit of UPI transactions reflects NPCI's commitment, under which it wants to improve the user experience by making large transactions easier. This move will ease the payment process across various sectors, benefiting both consumers and businesses.