The National Payments Corporation of India (NPCI) on August 23, 2024, issued an addendum to NPCI/UPI/2023-24/76A - Revision in transaction limits based on merchant & transaction types.
NPCI vide circular NPCI/UPI/2019-20/OC76 dated 31st October 2019 and NPCI/UPI/2023- 24/OC76A dated 12th March 2024, had released guidelines regarding transaction limits based on merchant segment and transaction types.
Considering the constantly expanding UPI merchant ecosystem and the impending risks that can arise, it is advised that the following guidelines be taken note of and implemented by respective entities.
All stakeholders are to take cognizance of the above guidelines and ensure compliance effective September 01, 2024.
[Circular No. NPCI/UPI/2024-25/OC/76B]
