National Payments Corporation of India (“NPCI”) has fixed the maximum United Payment Interface (“UPI”) inward credit limit for P2PM merchants (for small merchants and unorganized retail sector) as per details below:
| Particulars | Maximum UPI inward credit limit to P2PM merchant VPA (In Rs.) |
| Per transaction | Rs. 10,000 |
| Cumulative per day [24 hours] | Rs. 25,000 |
| Cumulative per month [30 days] | Rs. 1,00,000 |
Acquiring banks and Payment Service Providers (“P2Ps”) must ensure implementation of the maximum UPI inward credit limits allowed for P2PM merchants as prescribed above and confirm compliance before 30th April, 2024.
Background:
NPCI had issued a Circular No. NPCI/UPI/OC-72/2019-20 dated 30th August 2019 on revised guidelines for P2PM category on changes in monthly inward credit limits and stated that P2PM category is applicable only for merchants receiving instant credit for UPI payments into their own account. In addition to that and considering the constantly expanding merchant ecosystem, the present circular has been issued to fix the maximum UPI inward credit limit for P2PM merchants. Please refer to the document hyperlinked below for a detailed read.
Source: National Payments Corporation of India
