NPCI Increases UPI Transaction Limits for Select Categories

Imagine you use your phone to pay for things.

The company in charge of this (NPCI) has raised how much money you can send with UPI for certain things.

For investments, insurance, and travel, you can now send up to ₹5 lakh each time and ₹10 lakh per day.

You can also pay up to ₹5 lakh per transaction, with a daily limit of ₹6 lakh, for credit card bills.

For jewelry, you can send ₹2 lakh per transaction, with a daily limit of ₹6 lakh.

The changes are designed to speed up high-value transactions.

UPI recorded a record 20 billion transactions in August.