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

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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.