What are UPI transactions limit, and why do banks impose them?

Central banks in India have set a limit of Rs 1 lakh for UPI transactions. RBI imposed this limit to prevent fraud and illegal activities. Also, the transaction limit ensures that there will be no technical problems with the UPI system when handling a high volume of transactions.

Table of Contents

Why UPI?

UPI is a system for integrating multiple bank accounts into one mobile application that seamlessly routes funds and accepts merchant payments. It also supports collection requests that can be rescheduled and paid as needed.

UPI full form in banking –

The Unified Payment Interface (UPI), developed by NPCI, allows real-time transfers between banks, personnel accounts, and merchant accounts. In mobile devices, it facilitates instant bank-to-bank payments.

How UPI works, and It’s unique for online money transactions.

Transfer of money through mobile devices is available 24 hours/7 days a week.
Different bank accounts have now have accessed through one mobile application.
Alignment with Regulatory guidelines yet offers seamless single-click payment functionality.
The customer’s virtual address for Pull & Push provides incremental security by avoiding entering card numbers, account numbers, or IFSCs codes.
You can use any QR code can be used to complete UPI transactions.
It’s the ability to accept payments through a single application or in-app.
Several billing payments can be made, such as utility bill payments via a QR code (scan and pay) and over-the-counter payments.
It is scalable in terms of donations, collections, and disbursements.
You can raise a complaint directly from the mobile app.

UPI Transaction involves these parties

NPCI
Remitter Bank
Beneficiary Bank
Payee PSP
Payer PSP
Bank Account Holders
Merchants

Using UPI as a payment method has transaction limits.

With Easebuzz, you can offer your customers a variety of payment methods. However, the different payment methods have various transaction limits due to restrictions imposed by our Indian banking partners.

NPCI, the RBI-regulated entity that created UPI, has set a limit of Rupees 1Lakh per transaction.

In 2022, UPI’s transaction limits have increased for IPOs (Initial Public Offerings) and RDSs (Retail Direct Scheme).

The NPCI circular published on 9th December 2021 also stipulates a maximum limit of five lakh rupees for UPI transactions. Initial Public Offerings (IPO) and Retail Direct Schemes (RDS) cannot exceed five lakhs rupees.

UPI Transaction Category	UPI Transaction Type	UPI Transaction Limits
The P2P/P2PM (Peer to Peer Merchant)	QR share, Pay, and Collect, Share Intent Link	Indian Rupee 2000/-
P2M (Peer to Merchant), Offline Non-verified	QR share, Pay, and Collect, Share Intent Link	Indian Rupee 2000/-
P2P (Peer to Peer)/P2PM	Pay	Indian Rupee 1,00,000/-
P2M (Peer to Merchant)	All	Indian Rupee 1,00,000/-
P2M (Peer to Merchant) for ‘Verified Specific Categories – OC 82, OC 96)	All	Indian Rupee 2,00,000/-

A circular released by the NPCI on 24th September 2021 requesting banks to follow the following standards regarding UPI transaction limits is vital to note.

UPI Transaction Category	UPI Transaction Type	UPI Transaction Limit – Indian Rupees
The P2P/P2PM (Peer to Peer Merchant)	QR share, Pay, and Collect, Share Intent Link	Indian Rupee 2000/-
P2M (Peer to Merchant), Offline Non-verified	QR share, Pay, and Collect, Share Intent Link	Indian Rupee 2000/-
P2P (Peer to Peer)/P2PM (Peer to Peer Merchant)	Pay	Indian Rupee 1,00,000/-
P2M (Peer to Merchant)	All	Indian Rupee 1,00,000/-
P2M (Peer to Merchant) for Verified Specific Categories – OC 82, OC 96)	All	Indian Rupee 2,00,000/-
IPOs (Initial Public Offering) and RDS (Retail Direct Scheme) for investment in government securities	All	Indian Rupee 5,00,000/-

*Small merchants and unorganized retailers qualify as P2PM.

Adding a merchant to a ‘verified merchants’ list by an acquiring bank is considered a ‘Specific category.’ Furthermore, it covers specific business categories such as capital markets, collections, insurances, and pre-approval disbursements.

UPI transactions limit may vary from bank to bank. At the same time, RBI promotes standardization, but most banks still need to follow through.

Transactions limits for UPI can be classified as follows:

Transfers using UPI are limited to a maximum amount.
UPI transaction frequency is the number of transactions a user can make daily via UPI.

Using UPI, you can make transactions across UPI networks in real-time.

For instance, in the SBI bank UPI limit, you can make up to Rs 10,00,000 daily transactions. However, for merchant and bill payments, the limit is Rs 5,00,000/-.

The Canara Bank UPI application allows customers to pay and send up to Rs. 1,00,000/- daily and per transaction.

Bank of Baroda with UPI id Transactions Limit:

Services	No. Of transactions in a day	Minimum Amount	Max Amount per Transaction	Max Amount per day
Fund Transfer	10	Rs. 1	Rs. 1,00,000	Rs. 1,00,000
Fund Transfer (after setting/resetting UPI PIN)	1 (till 24 hrs. of the cooling period)	Rs. 1	Rs. 5,000	Rs. 5,000
IPO (ASBA)	Not Applicable	Not Applicable	Rs. 5,00,000	Not Applicable
USSD (*99#)	10	Rs. 1	Rs. 5,000	Rs. 5,000
Merchant Transactions	10	Rs. 1	Rs. 2,000 (Online Collect for Un-verified Merchants) Rs.1,00,000 for others Rs. 2,00,000 for Specific MCCs	Rs. 1,00,000 Rs. 6,00,000 for Specific MCCs

Axis Bank UPI Transaction Limit, including BHIM Axis Pay:

The UPI transaction limit at Axis bank is Rupees 1,00,000/- (available only with the BHIM Axis Pay app), and the IPO limit is Rupees 5,00,000/-. There is a maximum limit of 10 transactions per day (including merchant payments and bill payments). You can request rupees 2,000 from another person with a maximum of 5 trades.

Canara Bank with UPI Id transactions limits

The Canara Bank UPI transaction limit is Rupees 1,00,000 per transaction or day. However, Canara Bank does not have a minimum transaction limit.

UPI Transactions Limit Per Transaction Per Day by 135 Indian Banks

Sr No.	UPI Transaction by Indian Bank	Sponsored Bank for UPI	UPI Transaction Limit in India	UPI Daily Limit by Bank
1	Abhyudaya Co-Operative Bank	NA	25000	25000
2	Adarsh Co-Op Bank Ltd.	HDFC Bank	50000	50000
3	Aditya Birla Idea Payments Bank	NA	100000	100000
4	Airtel Payments Bank	NA	1,00,000	1,00,000
5	Allahabad Bank	NA	25000	100000
6	Allahabad UP Gramin Bank	Allahabad	20000	40000
7	Andhra Bank	NA	100000	100000
8	Andhra Pradesh Grameena Vikas Bank	SBI	25000	100000
9	Apna Sahakari Bank	NA	100000	100000
10	Assam Gramin Vikash Bank	United Bank of India	5000	25000
11	Axis Bank	NA	100000	100000
12	Bandhan Bank	NA	100000	100000
13	Bank Of Baroda (BOB)	NA	25000	Not Set
14	Bank of India (BOI)	NA	10000	100000
15	Bank of Maharashtra	NA	100000	100000
16	Baroda Gujarat Gramin Bank	Bank of Baroda	25000	Not Set
17	Baroda Rajasthan Kshetriya Gramin Bank	BOB	25000	25000
18	Baroda Uttar Pradesh Gramin Bank	Bank of Baroda	25000	25000
19	Bhilwara Urban Co Operative Bank LTD	HDFC	25000	25000
20	Canara Bank	NA	10000	25000
21	Central Bank of India	NA	25000	50000
22	Chaitanya Godavari Grameena Bank	Andhra Bank	25000	100000
23	Chhattisgarh Rajya Gramin Bank	SBI	25000	100000
24	Citibank Retail	NA	100000	100000
25	City Union Bank	NA	100000	100000
26	COASTAL LOCAL AREA BANK LTD	BOM	50000	100000
27	Corporation Bank	NA	50000	100000
28	DBS Digi Bank	NA	100000	100000
29	DCB Bank	NA	5000	5000
30	Dena Bank	NA	100000	100000
31	Dena Gujarat Gramin Bank	Dena	NA (Merged)
32	Deutsche Bank AG (Web Collect)	NA	NA
33	Dhanlaxmi Bank Ltd	NA	100000	100000
34	Dombivali Nagrik Sahakari Bank	NA	100000	100000
35	Equitas Small Finance Bank	NA	25000	100000
36	ESAF Small Finance Bank	NA	100000	100000
37	Federal Bank	NA	100000	100000
38	FINO Payments Bank	NA	100000	100000
39	G P Parsik Bank	NA	100000	100000
40	HDFC Bank	NA	100000 (RS 5000 for new customer)	100000
41	Himachal Pradesh Gramin Bank	PNB	50000	50000
42	HSBC Bank	NA	100000	100000
43	Hutatma Sahakari Bank Ltd	ICIC Bank	100000	No limit
44	ICICI Bank	NA	10000 (25000 for Google Pay users)	10000 (25000 for Google Pay users)
45	IDBI Bank	NA	25000	50000
46	IDFC Bank	NA	100000	100000
47	India Post Payment Bank	NA	25000	50000
48	Indian Bank	NA	100000	100000
49	Indian Overseas Bank	NA	10000	20000
50	IndusInd Bank	NA	100000	100000
51	J&K Grameen Bank	J&K	20000	20000
52	Jalgaona Janata Sahkari Bank	NA	100000	100000
53	Jammu & Kashmir Bank	NA	20000	20000
54	Jana Small Finance Bank	NA	10000	40000
55	Janta Sahakari Bank Pune	NA	100000	100000
56	Jio Payments Bank	NA	100000	100000
57	Karnataka Bank	NA	100000	200000
58	Karnataka Vikas Grameena Bank	NA	25000	25000
59	Karur Vysaya Bank	NA	100000	100000
60	Kashi Gomti Samyut Gramin Bank	NA	100000	100000
61	Kaveri Grameena Bank	SBI	25000	25000
62	Kerala Gramin Bank	NA	20000	20000
63	Kotak Mahindra Bank	NA	100000	100000
64	Langpi Dehangi Rural Bank	SBI	10000	100000
65	Madhya Bihar Gramin Bank	PNB	25000	100000
66	Maharashtra Grameen Bank	BOM	25000	100000
67	Maharashtra State Co-Op Bank	NA	5000	50000
68	Manipur Rural Bank	SBI	10000	10000
69	Meghalaya Rural Bank	SBI	100000	100000
70	Mizoram Rural Bank	SBI	25000	100000
71	NKGSB Co-Op. Bank Ltd	NA	20000	40000
72	Oriental Bank of Commerce	NA	100000	100000
73	Paschim Banga Gramin Bank	UCO	5000	25000
74	Paytm Payments Bank	NA	100000	100000
75	Pragathi Krishna Gramin Bank	NA	20000	20000
76	Prathama Bank	NA	10000	50000
77	Punjab and Maharastra Co-Op Bank	NA	100000	100000
78	Punjab and Sind Bank	NA	10000	10000
79	Punjab Gramin Bank	PNB	10000	25000
80	Punjab National Bank	NA	25000	50000
81	Purvanchal Bank	SBI	25000	100000
82	Rajasthan Marudhara Gramin Bank	SBI	25000	25000
83	Rajkot Nagari Sahakari Bank Ltd	NA	100000	100000
84	Samruddhi Co-Op Bank Ltd	TJSB	100000	100000
85	Sarva Haryana Gramin Bank	PNB	50000	100000
86	Sarva UP Gramin Bank	PNB	50000	100000
87	Saurashtra Gramin Bank	SBI	20000	100000
88	Shree Kadi Nagarik Sahakari Bank Ltd	Yes Bank	100000	100000
89	South Indian Bank	NA	100000	100000
90	Standard Chartered	NA	100000	100000
91	State Bank of India	NA	100000	100000
92	Suco Souharda Sahakari Bank	ICICI Bank	100000	100000
93	Suryoday Small Finance Bank Ltd	NA	100000	100000
94	Suvarnayug Sahakari Bank Ltd	HDFC	100000	100000
95	Syndicate Bank	NA	10000	100000
96	Tamilnadu Mercantile Bank	NA	20000	100000
97	Telangana Gramin Bank	SBI	25000	100000
98	Telangana State Co-Operative Apex Bank	IDBI	10000	100000
99	Thane Bharat Sahakari Bank	NA	100000	100000
100	The Cosmos Co-Operative Bank LTD	NA	10000	50000
101	The A.P. Mahesh Co-Operative Urban Bank	NA	25000	25000
102	The Ahmedabad District Co-Operative Bank Ltd	GSCB	10000	25000
103	The Ahmedabad Mercantile Co-Op Bank Ltd	HDFC Bank	100000	100000
104	The Andhra Pradesh State Co-Operative	NA	10000	100000
105	The Baroda Central Co-Operative Bank Ltd	GSCB	15000	100000
106	The Gujarat State Co-Operative Bank Limited	NA	50000	100000
107	The Hasti Co-operative Bank Ltd	NA	100000	100000
108	The Kalyan Janta Sahkari Bank	NA	100000	100000
109	The Lakshmi Vilas Bank Limited	NA	100000	100000
110	The Mahanagar Co-Op. Bank Ltd	NA	25000	50000
111	The Malad Sahakari Bank Ltd	PMCO	10000	50000
112	The Mehsana Urban Co-Operative Bank	NA	100000	100000
113	The Municipal Co-Op Bank Ltd	NA	5000	50000
114	The Muslim Co-Operative Bank Ltd	HDFC	100000	100000
115	The Nainital Bank Ltd	NA	20000	40000
116	The Ratnakar Bank Limited	NA	25000	25000
117	The Saraswat Co-Operative Bank	NA	100000	100000
118	The Surat People’s Co-Op. Bank Ltd	NA	25000	100000
119	The Sutex Co-Op Bank	ICIC Bank	100000	100000
120	The SVC Co-Operative Bank Ltd	NA	10000	20000
121	The Thane Janta Sahakari Bank Ltd (TJSB)	NA	100000	100000
122	The Udaipur Mahila Samridhi Urban Co-Op Bank Ltd	ICIC Bank	100000	100000
123	The Udaipur Mahila Urban Co-Op Bank Ltd	NA	100000	100000
124	The Urban Cooperative Bank Ltd Dharangaon	ICICI Bank	20000	25000
125	The Varachha Co-Op Bank Ltd	NA	20000	40000
126	The Vijay Cooperative Bank Ltd	ICIC Bank	20000	200000
127	The Vishweshwar Sahakari Bank Ltd	NA	100000	100000
128	Tripura Gramin Bank	SBI	10000	10000
129	UCO Bank	NA	100000	100000
130	Union Bank of India	NA	100000	200000
131	United Bank of India	NA	25000	60000
132	Uttarakhand Gramin Bank	SBI	25000	100000
133	Vasai Vikas Co-Op Bank Ltd	NA	100000	100000
134	Vijaya Bank	NA	25000	50000
135	YES Bank	NA	100000	100000

The Sources of Data Collected are Official Bank Websites and Financial Statements.

Using UPI as a preferred payment method:

Using UPI as a payment method will become the standard for P2P (person-to-person) and P2M (person-to-merchant) transactions.

UPI Payment Gateways offer the following features:

With easy integration, customer experience improved.
Subscription businesses can use recurring billing with UPI Autopay.
You can share UPI payment links by texting or using WhatsApp.
Easy reconciliation using virtual UPI IDs.
Option to pay by QR code (dynamic or static).
A high success rate is going to be achieved by UPI ID verification.

As far as UPI payment gateway integration goes, Easebuzz provides the most comprehensive selection.

Are you interested in integrating UPI into your website or mobile app for payments? Fill out this form, and we’ll get back to you.

FAQ’s

1. What is the UPI limit per day?

The UPI limit per day depends on your bank and your verification status. The default limit is ₹1 lakh, but you can increase it by linking your bank account, verifying your identity, and using UPI regularly.

2. How to increase UPI limit in the axis bank?

To increase your UPI limit in Axis Bank, you can follow these steps:

Log in to your Axis Bank internet banking account.
Click on the UPI tab.
Click on the Limits tab.
Enter the amount you want to increase your limit to.
Click on the Submit button.

3. What is UPI limit?

UPI limit is the maximum amount of money you can send or receive in a single UPI transaction. Your bank sets the limit, which can vary depending on your account type and verification status.

4. What is UPI transaction limit?

UPI transaction limit is the maximum number of UPI transactions you can make daily. Your bank sets the limit, which can vary depending on your account type and verification status.

5. What is the daily UPI limit?

The daily UPI limit is the maximum amount of money you can send or receive using UPI. Your bank sets the limit, which can vary depending on your account type and verification status.