UPI New Rules: National Payments Corporation of India i.e. NPCI has made some very important and important changes in the rules of UPI transactions. These changes will come into effect from Monday, September 15.
The new changes will provide a lot of relief to the common people as well as shopkeepers / merchants doing transactions through UPI. Actually, NPCI is going to increase the limit of UPI transactions for some special categories like insurance premium, capital market, credit card bill payment to Rs 5 lakh per transaction. For such transactions, you will be able to transact up to a maximum of Rs 10 lakh in a day i.e. 24 hours. Apart from this, the daily transaction limit is also being increased for 12 other categories.
No change in general UPI transaction limits
NPCI has said in a statement that the increased limit will apply to entities falling under the category of tax payment up to Rs 5 lakh. After the increased limit comes into effect, the limit for government e-marketplace, travel and business/merchant related transactions will also be Rs 5 lakh. However, there has been no change in the daily transaction limit for P2P (Person to Person) transactions. That is, you can transfer a maximum of Rs 1 lakh in a day on a normal UPI account as before.
| Transaction Category | Per Transaction Limit | Daily transaction limit |
| Capital Markets (Investments) | Rs 5 lakh | Rs 10 lakh |
| Insurance | Rs 5 lakh | Rs 10 lakh |
| Government e-Market Place (GeM) | Rs 5 lakh | Rs 10 lakh |
| Travel | Rs 5 lakh | Rs 10 lakh |
| Credit Card Payments | Rs 5 lakh | Rs 6 lakh |
| Jewellery | Rs 5 lakh | Rs 6 lakh |
| Business/Merchant Payments | Rs 5 lakh | — |
| Digital Account Opening | Rs 5 lakh | Rs 5 lakh |
UPI is being used on a large scale
This increase in the UPI transaction limit clearly shows how widely people are using UPI for their daily transactions. In the early days, UPI was used only for small transactions at shops, but today many types of payments are being made using UPI.
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