NPCI issues Transaction limit for Linked RuPay Credit Card on UPI [Read Order]

The National Payments Corporation of India (NPCI), vide circular issued on 16th november 2023 has issued the transaction limit for the linked Rupay Credit Card on UPI. The circular states as follows:

“Since the launch of RuPay Credit Card on UPI in September 2022, it has gained high traction and growth in terms of volume and value. To further enhance customer experience and enable customers to carry out high value transactions on e-commerce, travel bookings (flight, hotel), health care services, educational institutes, etc., the below enhancement shall take place:

The limit for RuPay Credit Card on UPI transactions shall be the lowest of the following:

1. RuPay Credit Card limit set by the issuer
2. The limit put in place by the issuer for ‘RuPay Credit Card on UPI’ transactions as per their risk management framework.
3. Limit set by the customer, as per RBI circular on Enhancing Security of Card Transactions dated January 15, 2020.”

Furthermore, on November 7th, the NPCI released a circular instructing several payment apps, including Google Pay, PhonePe, Paytm, among others, to deactivate any UPI IDs that have been inactive for a duration of one year or longer. The implementation of this directive is slated to be completed by December 31, 2023.

Read More: NPCI Instructs Payment Apps to Deactivate Inactive UPI IDs by December 31, 2023

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