Unified Payments Interface (UPI) users can now make Person-to-Merchant (P2M)  transactions of upto 10 lakh rupees within 24 hours, with verified merchant for specified categories effective from today. The National Payments Corporation of India (NPCI) has raised the single transaction limit for P2M transactions to 5 lakh rupees in specified categories.

 

 

 

According to the circular issued by NPCI last month, per-transaction limit has been raised upto 5 lakh rupees while the daily aggregate limit has been increased to 10 lakh rupees in insurance premiums, capital markets, travel, collections and Government e-Marketplace (GeM). However, the limit for Person-to-Person (P2P) transfers remains unchanged at 1 lakh rupees per day. For investments in capital markets and insurance, the per-transaction limit has been increased from 2 lakh rupees to 5 lakh rupees, with a maximum of 10 lakh rupees per day. 

 

 

 

On the Government e-Marketplace, including tax payments and earnest money deposits, the limit has been raised from 1 lakh rupees to 5 lakh rupees per transaction. Meanwhile, Credit card bill payments can now be made upto 5 lakh rupees per transaction, with a maximum of 6 lakh rupees in a day. This major revision in UPI limit for Person-to-Merchant transactions is designed to make high-value digital payments easier and more secure for Indian users.