Starting 15 September 2025, the National Payments Corporation of India (NPCI) is implementing new UPI limit changes aimed at facilitating high-value transactions with verified merchants. The new rules raise per-transaction caps in key categories like insurance premiums, capital market investments, travel, credit card bill payments, loan and EMI collections, and jewellery purchasing. For many of these categories, the per-transaction limit will increase to ₹5 lakh, with a daily aggregate limit of ₹10 lakh in several sectors.

Person-to-Merchant (P2M) transactions will benefit the most under this change, allowing verified merchants to accept much larger payments in a single transaction or over a day. Meanwhile, Person-to-Person (P2P) UPI transfers will continue under the existing limit of ₹1 lakh per day, with no increase.

These revisions are expected to reduce friction for users who previously had to split large payments or resort to other modes like bank transfers. Verified merchant status will be required, and NPCI is maintaining security protocols as part of this expansion.