Why is the UPI mandate ₹15,000 — an amount higher than my EMI amount?

Modified on Tue, 21 Apr at 6:15 PM

The ₹15,000 UPI mandate is just a maximum cap set by NPCI for safety.

It does not mean you’ll be charged this amount.


Only your actual EMI will be deducted as per your loan schedule.


Example:
If your EMI is ₹2,000, you will only be debited ₹2,000 on the 1st of every month until your loan tenure ends.

The higher limit is simply a buffer to make sure your EMI gets processed smoothly.