India raises UPI payment limits to Rs 10 lakh daily: The revised framework, outlined in NPCI’s circular dated August 28, extends per-transaction limits to Rs 5 lakh for verified merchants across multiple categories. Capital markets and insurance payments, previously capped at Rs 2 lakh, now allow Rs 5 lakh per transaction with a daily ceiling of Rs 10 lakh. According to the Economic Times, transactions in this category include payments to asset management companies, broking houses, and mutual funds.
Government e-marketplace transactions, including tax payments and earnest money deposits, have increased from Rs 1 lakh to Rs 5 lakh per transaction, with the same Rs 10 lakh daily limit. The travel sector receives similar treatment, with transaction limits rising from Rs 1 lakh to Rs 5 lakh.
