UPI New Rules: UPI Transaction Limits will Change from September 15; Know Details

If you are making large payments like insurance, investments or online shopping through UPI, then this is an important update for you. There is going to be a big change in UPI transaction limits from September 15. This decision has been taken by NPCI. This will make online digital transactions easier and more secure.

Till now, the transaction limit of normal UPI was Rs 1 lakh. But earlier this limit was very low. This was causing inconvenience to users. Keeping this in mind, NPCI has increased the transaction limit in 12+ categories to Rs 5 lakh. Along with this, the daily total limit has also been increased in some categories.

Who will Benefited from this Change?

The direct benefit of this change will be those who are paying insurance premiums, investing in the stock market, paying credit card bills, making purchases from government platforms, or otherwise making travel and business-related transactions.

Impact on Person to Person Transactions:

The limit for sending money to friends or family (P2P) will now remain at Rs 1 lakh for all transactions as this change will only apply to certain categories.

What will Change?

According to NPCI, as people are adopting digital payments, the demand for transactions is also increasing. Therefore, this change is necessary to make UPI more efficient. This will not only benefit the users but also prove beneficial for businesses.

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