{"id":58646,"date":"2025-09-12T03:08:09","date_gmt":"2025-09-12T03:08:09","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/58646\/"},"modified":"2025-09-12T03:08:09","modified_gmt":"2025-09-12T03:08:09","slug":"heres-how-merchant-payments-for-jewellery-bank-deposits-and-insurance-will-change","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/58646\/","title":{"rendered":"Here\u2019s how merchant payments for jewellery, bank deposits and insurance will change"},"content":{"rendered":"

Money Desk<\/p>\n

11 September 2025, 08:48 PM IST<\/p>\n

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NPCI revises UPI limits, enabling higher merchant payments across key sectors from September 15.<\/p>\n

\"UPIRepresentative Image | Photo: Canva<\/p>\n

The National Payments Corporation of India (NPCI) has announced a major revision of the Unified Payments Interface (UPI) limit for Person-to-Merchant (P2M) transactions, effective September 15. The new UPI rules are designed to make high-value digital payments easier and more secure for Indian users.<\/p>\n

With this change, users can now make UPI merchant transactions of up to Rs 10 lakh in a single day for selected verified categories. However, the UPI limit for Person-to-Person (P2P) transfers remains unchanged at Rs 1 lakh per day.<\/p>\n

UPI limit raised for capital markets, insurance and government services<\/strong><\/p>\n

For capital market and insurance investments, the UPI transaction limit has been raised from Rs 2 lakh to Rs 5 lakh per payment, with a maximum of Rs 10 lakh per day.<\/p>\n

On the Government e-Marketplace (GeM portal), which includes tax payments and earnest money deposits, the UPI limit has increased from Rs 1 lakh to Rs 5 lakh per transaction.<\/p>\n

Travel, credit card bills and loan repayments<\/strong><\/p>\n

The travel sector now enjoys a higher UPI transaction cap, rising from Rs 1 lakh to Rs 5 lakh, with a daily limit of Rs 10 lakh. Credit card bill payments via UPI can now be made up to Rs 5 lakh per transaction, with a daily cap of Rs 6 lakh.<\/p>\n

For loan repayments and EMI collections, the UPI payment limit has been revised to Rs 5 lakh per transaction and Rs 10 lakh per day.<\/p>\n

Jewellery purchases and banking services<\/strong><\/p>\n

The UPI limit for jewellery purchases has doubled from Rs 1 lakh to Rs 2 lakh per transaction, with a daily cap of Rs 6 lakh. Banking services such as term deposits through digital onboarding also benefit, with UPI limits raised to Rs 5 lakh per transaction and per day, up from Rs 2 lakh earlier.<\/p>\n

Digital payments in India get a boost<\/strong><\/p>\n

NPCI said the revised UPI limits will help users make large digital transactions smoothly across key sectors. The move is expected to strengthen the role of UPI in high-value digital payments and encourage wider adoption of cashless payments in India.<\/p>\n

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