United Payments Interface, popularly known as UPI, is referred to as a platform that allows users to transfer money through their mobile devices instantly and effortlessly. It was developed by NPCI, the National Payments Corporation of India, which is regulated by the Reserve Bank of India (RBI). UPI is an extremely convenient payment mode, and it wouldn’t be wrong to say that it has become one of the most popular payment interfaces in India. But, did you know that there is a certain UPI transaction limit per day?
UPI Transaction Limit
As per the recent updates of 2024, the UPI transaction limit per day is INR 1 lakh. However, the Central Bank of India has modified the UPI limit for a few categories generally including:
- Tax payments - Under this category, individuals are allowed to transfer up to INR 5 lakh per day which you can see on the official website as well.
- Hospitals and educational institutions - In this category, users are allowed to spend up to INR 5 lakh per day as the UPI payment limit.
- For categories including capital markets, collections, insurance, and foreign inward remittances, RBI has allowed transactions of up to INR 2 lakh.
- For e-mandate or auto-debit, the maximum limit of UPI is up to INR 1 lakh.
The RBI examines and modifies these restrictions periodically as per different categories. For example, the tax payment threshold was raised from INR 1 lakh to INR 5 lakh to suit the frequency and volume of these transactions. The UPI daily limit for medical facilities and educational establishments was also raised to facilitate more efficient transactions.
UPI Transaction Limit Per Day: Comparing Popular Providers
The following table is the comparison of UPI daily limit for different providers:
| UPI Service Provider | UPI Daily Limit | Daily UPI Transactions | UPI Request Limit |
|---|---|---|---|
| NPCI Guidelines | Up to 1 lakh | Up to 20 transactions per day | - |
| Freo | Up to 1 lakh | - | - |
| Google Pay | Up to 1 lakh | Up to 10 transactions per day | Up to ₹2,000 |
| PhonePe | Up to 1 lakh | Up to 10 or 20 transactions per day (varies for different banks) | Up to ₹2,000 |
| Paytm UPI | Up to 1 lakh | - | - |
NPCI Prescribed UPI Transaction Limit Per Day for Merchant Categories
The maximum limit of UPI transactions varies on the type of merchant. The UPI payment limit is INR 1 lakh for the general Person-to-Merchant (P2M) transactions. The limit is slightly higher at INR 2 lakhs for Banking and Financial Services as well as Insurance providers. Non-verified merchants, however, are allowed to collect payments of up to only INR 2,000, and for MCC 4812 and 4814 categories of merchants, transactions over INR 5,000 are blocked. Also, the transaction limit is set at INR 5 lakhs for IPO investments and for purchasing government securities through the RBI Retail Direct Scheme (MCC 6211).
You can see NPCI's UPI transaction limit for various merchant categories in the table below for a better understanding:
| Merchant Categories | UPI Transaction Limit (₹) |
|---|---|
| P2M Transactions | 1 lakh |
| BFSI | 2 lakhs |
| Non-verified merchants | 2,000 |
| MCC 4812 and 4814 | 5,000 |
| MCC 6211 for IPO and purchase of G-Sec through RBI Retail Direct Scheme (RDS) | 5 lakhs |
Can Banks & UPI Apps Set UPI Transaction Limit?
Banks and UPI payment platforms, such as Freo Money Google Pay, PhonePe, and PayTM can establish their restrictions on UPI transactions. However, these UPI transaction limitations have to stay inside the NPCI's total maximum limit of UPI.
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FAQs
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How many Fund Transfer transactions can be done after setting/resetting the UPI PIN?
You are allowed to make transactions again after resetting the UPI PIN after a 24-hour cool-down period. The maximum transaction amount is INR 5000, which may vary from bank to bank.
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How much amount can we send for merchant transactions?
In the case of ‘Online Collect for verified merchants’, you can send up to INR 2000. For other merchants, you can send up to INR 1 lakh. Moreover, specific MCCs (merchant category codes) may receive up to ₹2,00,000 (this may vary for different banks).
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How to increase UPI limit?
The instructions from the Reserve Bank of India determine the UPI transaction limit restrictions. For the first 24 hours after creating a UPI ID on an Android phone and the first 72 hours after creating one on an iPhone, new UPI users can only transact up to INR 5,000. Also, 24 hours after changing their SIM, phone number, or device, customers can send up to INR 5000.
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How much money can be transferred through UPI in a single transaction?
The maximum limit of UPI transfers in a single UPI transaction as per NPCI standards is INR 1 lakh for most merchant payments and P2P transactions. However, the maximum limit is INR 2 lakhs for some P2M transactions, including capital market-related transactions, loan repayments, and credit card payments.
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Is there a limit on the number of UPI transactions I can make in a day?
As per the NPCI rule, you are permitted to do up to 20 UPI transactions in 24 hours. It should also be noted that certain transaction restrictions could differ between banks.
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Can I change my UPI transaction limits?
The daily UPI transaction limit is set by the government considering users’ security. Consequently, individual users do not influence these limits.
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Does UPI charge money?
UPI transactions are free of extra fees and levies as per the recent updates in October 2023. There are also no additional or hidden expenses.
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What is the UPI transaction limit per day?
The NPCI states that the maximum daily transaction limit for UPI is INR 1 lakh.
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What is the transaction limit for SBI UPI?
The maximum transaction amount for the State Bank of India (SBI) UPI service is INR 1 lakh per transaction. Also, SBI only permits 10 transactions, which is the UPI per day limit.
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What is the transaction limit for Paytm?
You may send up to INR 1 lakh using Paytm UPI in a single day. A person may make Paytm transactions of up to INR 20,000 per hour.
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What is the transaction limit for HDFC UPI?
The daily HDFC UPI transaction limit for customers and merchants is INR 1 lakh or 20 transactions in 24 hours. After registering, the restriction for new UPI users is INR 5,000 – 24 hours after registering if you are an Android user and 72 hours after registering if you are an iPhone user.
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What is the UPI limit for the Bank of Baroda?
The customers of Bank of Baroda are limited to a maximum of 20 transactions per day along with a daily maximum transaction limit of INR 1 lakh.
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What is the UPI limit for BHIM?
The UPI transaction limit per day for any bank account using the Bharat Interface for Money (BHIM) mobile payments app is INR 1 lakh. This cap applies to all banks. New clients can only make transactions of up to INR 5,000 in the first 24 hours.
