Do the Digit Insurance

What Is the UPI Transaction Limit?

With the advent of digital payment, Unified Payments Interface (UPI) has gained prominence and simplified digital payments considerably. Most importantly, the process of sending and receiving became significantly easy. However, in this regard, you should remember that there is a UPI transaction limit, as set by the National Payments Corporation of India (NPCI).

What is the UPI Transaction Limit Per Day?

According to NPCI, the upper limit for UPI transactions is ₹ 2 Lakhs per day. However, this figure may vary with the financial institution. You can find more details below.

Bank-Wise Limit of UPI Transactions

Bank Name Bank Type UPI Transaction Limit UPI Transfer Limit (Daily)
Airtel Payments Bank Payments Bank 1,00,000 1,00,000
Allahabad UP Gramin Bank RRB 20000 40000
Allahabad Bank Public Sector Bank 25000 100000
Andhra Pradesh Grameena Vikas Bank RRB 25000 100000
Axis Bank Private 100000 100000
Bandhan Bank Private 100000 100000
Bank Of Baroda Public Sector Bank 25000 Not set
Bank Of India Public Sector Bank 10000 100000
Bank of Maharashtra Public Sector Bank 100000 100000
Canara Bank Public Sector Bank 10000 25000
Catholic Syrian Bank Private 100000 100000
Central Bank of India Public Sector Bank 25000 50000
Citibank Retail Foreign Bank 100000 100000
City Union Bank Private 100000 100000
Corporation Bank Public Sector Bank 50000 100000
DBS Digi Bank Foreign Bank 100000 100000
DCB Bank Private 5000 5000
Dena Bank Public Sector Bank 100000 100000
Dhanlaxmi Bank Ltd Private 100000 100000
Equitas Small Finance Bank Small Finance Bank 25000 100000
ESAF Small Finance Bank Small Finance Bank 100000 100000
Federal Bank Private 100000 100000
FINO Payments Bank Payments Bank 100000 100000
G P Parsik Bank Cooperative 100000 100000
HDFC Private 100000 (RS 5000 for new customers) 100000
Himachal Pradesh Gramin Bank RRB 50,000 50,000
HSBC Foreign Bank 100000 100000
Hutatma Sahakari Bank Ltd Cooperative 100000 No limit
ICICI Bank Private 10000 (25000 for Google Pay users) 10000 (25000 for Google Pay users)
IDBI Bank Public Sector Bank 25000 50000
IDFC Private 100000 100000
India Post Payment Bank Payments Bank 25000 50000
Indian Bank Public Sector Bank 100000 100000
Indian Overseas Bank Public Sector Bank 10000 20000
IndusInd Bank Private 100000 100000
J&K Grameen Bank RRB 20,000 20,000
Jammu & Kashmir Bank Private 20000 20000
Jana Small Finance Bank Small Finance Bank 10000 40000
Jio Payments Bank Payments Bank 100000 100000
Karnataka Bank Private 100000 200000
Karur Vysya Bank Private 100000 100000
Kerala Gramin Bank RRB 20000 20000
Kotak Mahindra Bank Private 100000 100000
Madhya Bihar Gramin Bank RRB 25000 100000
Maharashtra Gramin Bank RRB 25000 100000
Maharashtra state co opp Bank Cooperative 5000 50000
Malwa Gramin Bank (Bank merged with Punjab Gramin Bank) RRB 10000 25000
Manipur Rural Bank RRB 10000 10000
Maratha co-opp Bank Cooperative 100000 100000
Meghalaya Rural Bank Foreign Bank 100000 100000
Mizoram Rural Bank RRB 25000 100000
Oriental Bank of Commerce Public Sector Bank 100000 100000
Paschim Banga Gramin Bank RRB 5000 25000
Paytm Payments Bank Payments Bank 100000 100000
Pragathi Krishna Gramin Bank RRB 20000 20000
Prathama Bank RRB 10000 50000
Punjab and Maharashtra Co. bank Cooperative 100000 100000
Punjab and Sind Bank Public Sector Bank 10000 10000
Punjab Gramin Bank RRB 10000 25000
Punjab National Bank Public Sector Bank 25000 50000
Purvanchal Bank RRB 25000 100000
Rajasthan Marudhara Gramin Bank RRB 25000 25000
South Indian Bank Private 100000 100000
Standard Chartered Foreign Bank 100000 100000
State Bank Of India Public Sector Bank 100000 100000
Suryoday Small Finance Bank Ltd Small Finance Bank 100000 100000
The KalyaCo-opapplya Sahkari Bank Cooperative 100000 100000
The Lakshmi Vilas Bank Limited Private 100000 100000
Tripura Gramin Bank RRB 10000 10000
UCO Bank Public Sector Bank 100000 100000
Ujjivan Small Finance Bank Limited Small Finance Bank 50000 100000
Union Bank of India Public Sector Bank 100000 200000
United Bank of India Public Sector Bank 25000 60000
Vijaya Bank Public Sector Bank 25000 50000
Yes Bank Private 100000 100000

What Is the UPI Transaction Limit Per Week?

There are only two known banks that have a set amount for transactions per week. The table below highlights the transaction limit.

Bank Name Bank Type UPI Transfer Limit (Weekly)
IDFC Private ₹ 700,000
Punjab National Bank Public Sector Bank ₹ 4,00,000

What Is the UPI Transaction Limit Per Month?

As you already know all banks have varying transaction limits. While most of the banks have a daily transaction limit these three have an additional monthly transfer limit.

Bank Name Bank Type UPI Transfer Limit (Monthly)
Corporation Bank Public Sector Bank ₹ 20,00,000
IDFC Private ₹ 3,000,000
Punjab National Bank Public Sector Bank ₹ 1,000,000

Who are the Participants in UPI?

The participants in UPI are –

  • Payer Payment Service Provider
  • Remitter Bank
  • Payee PSP
  • Beneficiary Bank
  • Bank Account holders
  • NPCI
  • Merchants

Why Is UPI the Most Preferred Payment Mode?

Now that you know the limit of UPI transactions, you might wish to know how this method has gained popularity. Currently, it is the most commonly used mode of digital payment.

Here are the reasons which make it beneficial.

  • Free Fund Transfer: UPI is often preferable for most people because it is completely free. Visa and MasterCard charge 1%-2% of the overall payment amount, while NEFT and IMPS can also charge money if the amount is small. It is not an issue with UPI. No matter how small the amount is, you can transfer it without paying additional charges.
  • Privacy and Security: When it comes to digital payments and transactions, UPI is the most trusted and secured mode. It helps you keep your financial details private, such as your bank account number, IFSC code or ATM number. You can simply share your virtual UPI ID to send or receive money on your account.
  • Timely Transfer: Another advantage of UPI is its ability to deliver timely transfers. As it is based on the IMPS platform, it works 24x7. It helps you transfer funds instantly the moment you submit your request. Naturally, this is much more effective than NEFT, as it usually requires at least 2-3 hours to transfer funds.
  • Multiple Accounts Linking: UPI apps allow you to link over one bank account. You can simultaneously use the UPI IDs for multiple bank accounts, sending and receiving funds. This makes it easier for you to manage your bank accounts on a single platform.
  • Simple Interface: There are multiple smartphone apps for UPI activities. This makes it easier for you to start your UPI transactions immediately. Moreover, these apps come with a simple and user-friendly interface, allowing you to get accustomed to digital payments in a short time.

Thus, as this article pointed out, knowing the limit on UPI transactions is essential. It helps you to plan your payments and transactions accordingly. While RBI is trying to standardise the limits, banks and financial institutes currently have different limits. You need to know your bank's and UPI app's limits before making large transactions.

FAQs About UPI Transaction Limit in 2023

Can I increase the UPI limit?

Usually, your respective bank and the Indian Government set the UPI limits per the guidelines of NPCI. Therefore, there is currently no way of increasing this limit.

How can I check my SBI UPI limit?

For checking the UPI limits of SBI, visit the net banking page of SBI and log in with your credentials. Next, go to "profile" and then select "Define Limit for UPI" under the "Quick Links" menu. You can check your UPI limit after entering the password or OTP.

What is the transaction limit of UPI in Google Pay and PhonePe?

You can send a minimum of ₹ 1,00,000 per day across all UPI apps.

Is there any charge for UPI transactions?

Till now, users don’t need to pay any amount for UPI transactions.

Do I need a separate KYC for UPI?

No, you don’t have to do a separate KYC for UPI payments.