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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. The revised rules will come in effect from 15th of September.
Users can now make UPI merchant transactions of up to 10 lakh rupees in a single day for selected verified categories. However, the UPI limit for Person-to-Person (P2P) transfers remains unchanged at 1 lakh rupees per day.
Category Wise Limit
| Sr No | Categories | Merchant Category / Identifier (MCC) | Enhanced Limits | Cumulative Limits (24 hrs)* |
|---|---|---|---|---|
| 1 | Capital Market | 6211 | ₹ 5 Lakh | ₹ 10 Lakh |
| 2 | Insurance | 5960, 6300, 6529 | ₹ 5 Lakh | ₹ 10 Lakh |
| 3 | Government e-Market Place (EMD Payments) | 9311 | ₹ 5 Lakh | ₹ 10 Lakh |
| 4 | Travel | 4722 | ₹ 5 Lakh | ₹ 10 Lakh |
| 5 | Credit Card Bill Payments | 5413 | ₹ 5 Lakh | ₹ 6 Lakh |
| 6 | Collections | 7322 | ₹ 5 Lakh | ₹ 10 Lakh |
| 7 | Business / Merchant (Including Pre-Approved Payments) |
Payer MCC shall not be 0000
Purpose Code – 20
|
₹ 5 Lakh | NA |
| 8 | Jewellery | 5944 | ₹ 2 Lakh | ₹ 6 Lakh |
| 9 | ||||
| 10 | FX Retail use case with BBPS Platform |
MCC-6012
Purpose Code = BF (New Purpose Code for regular UPI transaction)
Purpose Code = 01 (For One Time Mandate)
|
₹ 5 Lakh | ₹ 5 Lakh |
| 11 | Digital Account Opening for Term Deposits | 7410 (New MCC) | ₹ 5 Lakh | ₹ 5 Lakh |
| 12 | Digital Account Opening – Initial Funding | 7409 (New MCC) | ₹ 2 Lakh | ₹ 2 Lakh |
Note: Issuing banks are required to ensure that such cumulative limits are kept at their end.
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