**New Delhi, September 14, 2024** – In a significant move to enhance digital payment convenience, the National Payments Corporation of India (NPCI) has announced that individuals can now transfer up to ₹5 lakh at a time through UPI (Unified Payments Interface) for specific transactions. This change will come into effect from Sunday, September 15, 2024.The new limit will primarily benefit those paying **income tax**, as the NPCI has authorized UPI transactions of up to ₹5 lakh for tax payments. Additionally, this expanded limit applies to payments for **hospital bills**, **educational institutions**, and **Initial Public Offering (IPO) applications**, as well as the **purchase of government securities**.This increase in the transaction limit is expected to make large payments more convenient, reducing reliance on traditional banking methods while promoting the use of UPI for a wider range of high-value transactions. The move aligns with India’s ongoing efforts to expand digital financial inclusion and make seamless payments more accessible to the public.The policy will provide relief to users looking for quick and efficient ways to handle substantial payments without the need for multiple transactions.