On Apr. 8, IND NPC issued addendum regarding UPI transaction limits.
IND NPC issued addendum on UPI transaction limits based on merchant type, amends previous guide on transaction limits based on merchant segment, transaction types.
Updates reflect expansion of UPI merchant ecosystem for domestic and international transactions and address impending risks; imposes certain transaction restrictions.
Follows IND NPC Sep. 2021 issued circular on standardization of UPI limit, #117032.
Outline of Guidelines
Payer PSP shall ensure P2P intent-based transactions with initiation modes 04 and 05 remain disallowed; additionally, payee PSP shall ensure intent-based transactions with initiation modes 04 and 05 remain disallowed for all offline non-verified merchants.
QR share & pay shall maintain limit of INR 2k for all P2P transactions with payer PSP ensuring UPI app identification; in addition, the domestic QR share & pay maintains the prescribed INR 2k limit for P2M transactions with non-verified offline merchants.
International modification applies, where QR share & pay shall not be allowed for any UPI global P2M transactions, with payer PSP ensuring payer UPI app identification.
Wallet load, gift/prepaid cards (MCC 6540) continue to be disallowed on collect and QR mode payments per existing guidelines; compliance to be effective from Apr. 30, 2025.
