Daily UPI Limits for Top Banks In India

The National Payments Corporation of India (NPCI), a body under RBI regulation, developed the Unified Payments Interface (UPI) as an instantaneous payment system. The IMPS infrastructure serves as the foundation for UPI, which enables the instantaneous transfer of money between any two bank accounts.

When sending money to someone else, there are limits on the amount you may send each transaction and the total amount you can send in a day. These limits are set by the NPCI and occasionally by banks.

What Is The Limit Of Fund Transfer Using UPI?

The daily transaction limit for regular UPI is Rs 1 lakh per transaction. The maximum transaction limit for some UPI categories, including Capital Markets, Collections, Insurance, and Foreign Inward Remittances, is Rs 2 lakh. The maximum transaction limit for Initial Public Offering and Retail Direct Scheme is Rs 5 lakh.

For Whom Does It Have A Higher Limit?

For merchant transactions like capital markets, insurance, and foreign inbound remittances, you can transmit up to Rs 2 lakh via UPI. When scheduling an IPO or using the RBI Retail Direct Scheme to make payments, the maximum amount per transaction is Rs 5 lakh.

UPI Transaction Limits

Your bank might not allow P2P transactions using UPI, even if they are limited to a maximum of Rs 1 lakh per transaction. There are variations in UPI transaction limitations across banks.

• HDFC Bank: For P2P UPI transactions, HDFC Bank has established a maximum restriction of Rs 1 lakh, or 20 transactions per bank account in 24 hours.
• ICICI Bank: The bank’s website states that the NPCI has set a maximum limit of Rs 1 lakh for each transaction and Rs 1 lakh for the total value of transactions. Ten transactions at most can be started in 24 hours starting with the first transaction.
• State Bank of India: Rs 1 lakh is the daily transaction limit for UPI at SBI, with a daily cap of Rs 1 lakh.
• Bank of Baroda: Users are limited to 20 transactions per day and can transfer up to Rs 1 lakh in total per day.
• Union Bank of India: Up to Rs. 1 lakh can be transferred using UPI in a single transaction.
• Canara Bank: The maximum limit for P2P transactions is Rs. 1 lakh per day and up to 20 transactions.
• PNB: The maximum amount for a UPI transaction is currently Rs. 1 lakh.
• Yes Bank: Every day, users of YES Bank are permitted to transfer up to Rs. 1 lakh. Additionally, the NPCI has established a per-transaction UPI maximum of Rs. 1 lakh.
• Kotak Mahindra Bank: With UPI, you may send up to Rs 1 lakh daily and complete up to 10 transactions daily. The maximum transaction limit if you transfer money by uploading a QR code from the gallery is Rs 2,000 per transaction.
• DCB: If you want to transfer money from any UPI app using your DCB Bank account, the daily transaction limit is Rs 1 lakh.
• Axis Bank: Including all connected accounts in BHIM Axis Pay, the total transaction limit for debit cash transfers and P2P (person to person) through UPI during 24 hours is Rs 1 lakh.
• IndusInd Bank: Rs 1 lakh is the daily UPI limit for standard transactions. There are higher thresholds for some categories.