UPI Transaction Limit Raised tonbsp5 Lakh Heres What You Need to Know

If you frequently use the Unified Payments Interface (UPI), there’s good news on the horizon. The National Payments Corporation of India (NPCI), which operates UPI, has announced an increase in the transaction limit for specific categories, allowing users to transfer up to ₹5 lakh per transaction. This increase is especially significant for tax payments, as it will now be possible to make tax-related payments up to ₹5 lakh in a single UPI transaction.

This enhanced limit applies exclusively to ‘verified merchants,’ meaning consumers can utilize UPI for substantial payments related to taxes, hospitals, educational services, Initial Public Offerings (IPOs), and government securities (G-Secs). Prior enhancements to UPI transaction limits were made in December 2021 and December 2023 through earlier circulars.
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