UPI per transaction, per day limit: 12 banks UPI limit details - What is the limit of fund transfer using UPI? (2024)

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Aug 10, 2024, 11:01:39 AM IST

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What is the limit of fund transfer using UPI?

For normal UPI, the transaction limit is up to Rs 1 lakh per transaction in a day. For a few specific categories of UPI transactions, like Capital Markets, Collections, Insurance, and Foreign Inward Remittances, the transaction limit is up to 2 lakh, and for Initial Public Offering and Retail Direct Scheme, the limit is up to Rs 5 lakh per transaction. Now, you can transfer up to Rs 5 lakh for tax payments, as per the new RBI rule.

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For whom does it have a higher limit?

For merchant transactions like capital markets, insurance, and foreign inward 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.

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UPI transaction limits

Although P2P transactions using UPI have a maximum restriction of Rs 1 lakh per transaction, your bank may not permit them. Different banks have different UPI transaction limits.

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UPI limit of SBI, HDFC Bank, ICICI Bank

HDFC Bank: HDFC Bank has set a maximum limit of Rs 1 lakh for P2P UPI transactions, or 20 transactions per bank account in a 24-hour period.

ICICI Bank: According to the ICICI Bank website, "The upper limit mandated by NPCI is Rs 1 lakh per transaction and Rs 1 lakh cumulative transaction value. A maximum of 10 transactions can be initiated in 24 hours from the first transaction."

State Bank of India: In SBI UPI daily transaction limit of Rs 1,00,000 with daily limit 1,00,000

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UPI limit of Bank of Baroda, Union Bank of India, Canara Bank

Bank of Baroda: Users can send a total of Rs 1,00,000 per day, customers are restricted to a maximum of 20 transactions per day.

Union Bank of India: The maximum per transaction amount that can be transferred through UPI is Rs. 1 lakh.

Canara Bank: For P2P type, the maximum limit capped to Rs. 1,00,000/- within 24hrs and up to 20 transactions.

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UPI limit of PNB, Yes Bank, Kotak Mahindra Bank

PNB: At present, the upper limit per UPI transaction is Rs. 1 Lakh.

Yes Bank: YES Bank customers can transfer a maximum of Rs. 1 Lakh on a daily basis. The UPI limit per transaction set by NPCI per transaction is also Rs. 1 Lakh.

Kotak Mahindra Bank: You can transfer a maximum of Rs 1 lakh per day using UPI and you can carry out a maximum of 10 transactions per day. In case, you send money by uploading QR code from gallery, the maximum transaction limit would be Rs 2,000/- per transaction.

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UPI limit of DCB, Axis Bank, Indusind Bank

DCB: The daily transaction limit is Rs 1,00,000 for funds transfer made from any UPI app using your DCB Bank account.

Axis Bank: The overall transaction limit for debit fund transfers/P2P(Person to Person) through UPI within 24 hrs is Rs 1,00,000/- (Rupees One lakh) including all linked accounts in BHIM Axis Pay.

IndusInd Bank: The UPI limit per day for general transactions stands at Rs 1,00,000. Higher limits are set for specific categories.

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