UPI daily payment limit raised to ₹10 lakh for select transactions, fraud risks kept in check
The Reserve Bank of India (RBI) has approved an increase in the daily UPI transaction limit to ₹10 lakh, specifically for certain high-value categories such as hospital bills and educational payments. The move is designed to simplify large-value digital transactions while keeping fraud risks under check. UPI, which has already transformed digital payments across India, will now provide more flexibility for users who need to make significant payments without relying on traditional banking methods. The higher limit is not applicable to all transactions but remains restricted to select use cases, ensuring safety alongside convenience. RBI has also emphasized the importance of monitoring fraud and ensuring secure payment channels through verification features like the “collect” option and P2P safeguards. This update is expected to further strengthen UPI’s position as the most preferred payment system in India while balancing speed, security, and user trust in digital transactions.
The Key points
- RBI raised UPI daily limit to ₹10 lakh.
- Applies to select categories like hospitals and education.
- Regular retail transactions keep standard limits unchanged.
- Move enhances convenience for high-value payments.
- Safeguards implemented to minimize fraud risk.
- Collect” feature strengthens transaction security.
- P2P transfers continue under strict monitoring.
- UPI remains India’s fastest-growing payment system.
- Higher limit promotes digital-first financial adoption.
- Balances ease of use with payment security.
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