RBI Authorizes NPCI to Adjust UPI P2M Transaction Limits

The Reserve Bank of India (RBI) has authorized the National Payments Corporation of India (NPCI) to increase the transaction limit for Unified Payments Interface (UPI) person-to-merchant (P2M) payments beyond the current ₹2 lakh cap (accessible here) to support new and evolving use cases. The ₹1 lakh limit for UPI person-to-person (P2P) transactions remains unchanged. Banks may continue to set their own limits within the revised thresholds set by NPCI, provided appropriate risk management measures are in place.