Big money moves made easy: NPCI raises UPI limits for insurance, EMIs & investments from Sept 15

From credit card bills to insurance premiums, UPI is all set for a major upgrade with higher transaction limits, making large-ticket digital payments simpler than ever.

Come September 15, India’s favourite digital payments system, Unified Payments Interface (UPI), is getting a big-ticket upgrade. The National Payments Corporation of India (NPCI) has decided to raise UPI transaction limits across several high-value categories, promising users seamless payments without the hassle of splitting amounts.

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Until now, UPI users often struggled while paying hefty insurance premiums, EMIs, or making large investments, since the existing cap forced multiple smaller transactions. The new framework changes that game. Verified merchants in sectors like capital market investments, loan and EMI collections, credit card bill payments, insurance premiums, and even travel bookings will now enjoy expanded limits of up to ₹10 lakh daily.

For credit card bill payments, users can make transactions up to ₹5 lakh in a single go, with a daily cap of ₹6 lakh. Capital market investments and insurance payments, previously capped at ₹2 lakh, have now been boosted to ₹5 lakh per transaction and ₹10 lakh daily. Loan repayments and EMIs too can stretch up to ₹5 lakh each, ensuring stress-free settlements.

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Government e-marketplace payments, tax transactions, and earnest money deposits — earlier restricted to ₹1 lakh — have now jumped to ₹5 lakh per transaction. Banking services like digital onboarding of term deposits also see an upgrade to ₹5 lakh per day. Even foreign exchange retail payments via BBPS now match this higher cap.

Interestingly, the much-used person-to-person (P2P) limit remains unchanged at ₹1 lakh per day, keeping peer transfers secure. NPCI’s step is being seen as a bold stride toward enhancing India’s digital payment ecosystem, ensuring real-time settlements with fewer disruptions and making UPI a truly universal platform for both consumers and businesses.

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