- What changes on Sep 15 (limits & scope)
- Eligible categories (and how MCC mapping works)
- Which apps honor it day-1; what varies by bank
- Fraud guardrails (consumer & merchant)
- Onboarding checklist
The short
- Limits: Up to ₹5 lakh per transaction and up to ₹10 lakh/day aggregate for select P2M categories. P2P stays at ₹1 lakh/day.
- Scope: Applies to verified merchants in eligible categories (capital markets, insurance, government services, travel, credit card bills, EMI/loan collections, jewellery, forex, term deposits, initial digital account funding, etc.).
- Go-live: Effective September 15, 2025. Rollout depends on your acquiring bank/PSP and the payer app version.
- Reality: Day-1 support can vary by app and acquirer. Check your app’s release notes and your merchant portal.
What exactly changes (Sep 15)
- Per-txn cap: Up to ₹5,00,000 for eligible P2M categories.
- Daily aggregate: Up to ₹10,00,000 across eligible P2M payments per customer (bank/app may set stricter sub-limits).
- Unchanged: P2P/standard P2M default caps remain (typically ₹1,00,000/day) unless category-verified.
- Eligibility: Your merchant must be onboarded as verified under the notified category by the acquiring bank/PSP.
Eligible categories (how it’s mapped)
NPCI defines categories; acquirers map your merchant setup (often via MCC or internal codes). Indicative families below—confirm with your acquirer:
| Category (NPCI) | Examples | Notes on Mapping |
|---|---|---|
| Capital markets | Brokerage, ASBA/IPO, mutual fund purchase | Often maps to securities/brokerage MCC families; requires verified entity onboarding. |
| Insurance | Premium payments | Insurer/TPA onboarding; payer apps may flag as “high-value eligible”. |
| Government services / taxes | GST, direct taxes, utility/government portals | Govt/PSU merchant IDs; many already supported for higher caps. |
| Credit card bill payments | Visa/Mastercard/RuPay card bill via UPI | Issuer/acquirer mapping required; daily aggregate applies. |
| EMI & loan collections | NBFC/bank EMI, loan repayments | Collector must be verified under collections. |
| Travel | Airlines, IRCTC, OTAs | High-value bookings; rollout varies by acquirer. |
| Jewellery & forex | Jewellers, authorised FX dealers | Subject to KYC & risk controls; bank sub-limits may apply. |
| Term deposits & account funding | Initial digital account funding, deposits | Bank-to-bank flows via verified rails only. |
Note Your MCC is indicative—banks ultimately decide category eligibility and limits for your merchant ID.
Which apps honor it day-1?
Announced / communicating support
- Paytm (UPI): Public comms indicate support for ₹5L/txn and ₹10L/day across eligible categories, effective Sep 15 (subject to acquirer mapping).
Rolling / bank-dependent
- PhonePe / Google Pay / bank apps: Rollout tied to acquirer enablement + app updates. Check in-app help & release notes; limits may show per merchant.
Reminder: Even when the payer app supports higher limits, the merchant must be verified and the acquirer must enable the category flag—else defaults apply.
Fraud guardrails (what to expect)
- Beneficiary name hardening: Stronger name-match display and checks during UPI flows.
- Snapshot risk checks: Apps/banks may add additional confirmation prompts above certain thresholds.
- App-level caps: Some apps keep stricter per-txn/day caps initially, especially for new devices/KYC states.
- No change to P2P: Keep using standard safety practices; higher limits are not for P2P.
Checklist (copy-paste)
- Confirm category: Ask your acquirer/PSP which NPCI category you’re mapped to and whether you qualify as a verified merchant.
- KYC & docs: Ensure latest KYC, licenses (e.g., IRDAI/SEBI/RBI scope where applicable) and compliance proofs are on file.
- Enable high-value flag: Request acquirer to switch on the category limit flag; test a ₹2–3L pilot transaction.
- Update T&Cs & checkout: Show “UPI High-Value Enabled (₹5L/txn)” badges; display per-txn/day limits and refund SLAs.
- Risk SOP: Add step-up authentication for large-ticket orders; monitor refunds/chargebacks daily in the first week.
- Support playbook: Train agents on app-wise quirks and bank-wise sub-limits; document fallback via IMPS/NEFT.
Testing tip: Use small pilots across multiple payer apps and banks; log failures with payer-bank codes for acquirer escalation.
FAQ
- Does this apply to P2P? No—P2P limits are unchanged.
- Are ₹10L/day limits universal? No—bank/app may impose lower caps; merchant must be verified under the eligible category.
- Will every jeweller/OTA get ₹5L/txn? Only if onboarded as verified under the eligible category by the acquirer/PSP.