UPI Rule Change: There is good news for UPI users. The National Payments Corporation of India (NPCI) has changed the rules for UPI transactions for some categories from September 15.’
UPI rule changes: Are you a UPI user? The National Payments Corporation of India (NPCI) has increased the UPI transaction limit for some categories from September 15. Now, in some payments, you will be able to send more amount at a time than before.
In which categories has the limit been increased? – Capital Markets, Insurance, Government e-Marketplace, Travel, Credit Card Bill Payments, Business/Merchant Payments, Collections: The limit for all these has been increased to Rs 5 lakh.
Who will benefit? Now if you want to pay a large credit card bill through UPI or want to pay insurance premium or want to make a purchase from a government e-marketplace, you do not need to make repeated payments. You will be able to transfer up to Rs 5 lakh at a time. Customers buying jewellery and opening digital accounts will get the facility to transfer large amounts at a time.
Guidelines for banks: NPCI has clarified that the benefit of limit increase will be available only to certified merchants. Banks should ensure that this new limit is available only to those who comply with NPCI norms. Also, if banks wish, they can also have separate internal limits as per their policy.
All payment apps and service providers will have to implement this change by September 15, 2025. After this, large amounts can be easily sent through UPI.
What is UPI?: UPI is a real-time payment system that allows you to send or request money to anyone directly from your bank account. That too 24×7 and instantly. In this system, each user has a UPI ID (e.g. abc@upi).
It is like an email address. You can send money by scanning the mobile number, UPI ID or QR code. In this system, there is no need to remember the IFSC code or account number. You only need to enter the PIN (UPI PIN) for the transaction.
