In April 2026, Paytm introduced biometric authentication for UPI payments and cardless ATM withdrawals. As per NPCI guidelines, what is the per transaction cap for biometric UPI transactions?

In April 2026, Paytm introduced biometric authentication for Unified Payments Interface (UPI) payments and cardless ATM withdrawals, coinciding with the RBI’s new 2-Factor authentication rules effective April 1, 2026. As per National Payments Corporation of India (NPCI) guidelines, biometric UPI transactions are capped at Rs 5,000 per transaction, while cardless transactions are capped at Rs 10,000 per transaction. The new system enables users to authenticate payments, check balances, and withdraw cash without manually entering the UPI PIN.