UPI daily payment limit raised to ₹10 lakh for select transactions, fraud risks kept in check
India’s UPI system has enabled high-value transactions, allowing users to pay up to ₹10 lakh a day for investments, insurance, travel, credit cards, and jewellery, starting today. It is simultaneously scrapping the P2P “collect request” feature from October to prevent fraud.
The move, announced by the National Payments Corp. of India (NPCI), aims to make high-value Person-to-Merchant (P2M) payments faster and reduce reliance on slower channels like cheques.
