UPI highest transfer limit for hospitals and other similar services – NPCI has revised the new fund transfer limit for hospital payment through UPI. The new limit under the merchant category has been revised to Rs 5 Lakhs. Reserve Bank of India has already released the notification in this regard and new limit will be implemented from 10th January 2024.
The NPCI has instructed banks, payment service providers (PSPs), and UPI applications to increase transaction limits for the specified merchant categories.
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“Members (PSPs & Banks), UPI apps, merchants, and other payment providers are requested to take note of the enhancement and undertake requisite changes for UPI Limit for Hospitals. Members are requested to ensure compliance with the same by January 10, 2024,” NPCI said in a circular.
Merchants are required to enable UPI as a payment mode with the increased limits.