Transactions Limits on UPI Imposed: Here’s All You Need To Know

While UPI transactions allow you to pay easily, the National Payments Corporation of India (NPCI) has specified a limit on the daily transaction amount and frequency. Banks have followed the new rule and have imposed specified limits. Know these limits.

UPI Transactions
  • NPCI has specified a limit on UPI transactions on a per-day basis.
  • The limit is both in terms of the transaction value and frequency.
  • Banks are allowed to set their own limits provided such limits are within the NPCI-certified limits.
  • You should know these limits to transact efficiently.

Ever since UPI (Unified Payment Interface) was launched, it has created a major disruption in the digital payment space. Payments and fund transfers through UPI are simple and instant which is driving its popularity.

Per a Worldline report, ₹149.5 trillion worth of UPI transactions were conducted in 2022. The numbers are expected to increase and more customers join the UPI revolution and pay directly through their bank accounts.

Despite the growing use of UPI, the National Payments Corporation of India (NPCI) has restricted UPI transactions with daily limits.

NPCI Limit on UPI Transactions 

This is what the NPCI has directed –

  • You can make a maximum payment of ₹1 lakh per day through UPI
  • Banks can set their own UPI transaction limit provided it is within ₹1 lakh
  • You can conduct a maximum of 24 UPI transactions per day. After that, you will have to wait for 24 hours to initiate new transactions.
  • Banks can also set their own limits on the transaction frequency but it should be within 24.

Bank Limit on UPI Transactions 

Banks have integrated the NPCI rule and have set their own UPI transaction limits. While the limits are defined in monetary terms, the frequency has not been specified.

Check out the UPI transaction limits for leading banks –

Bank Limit on UPI Transactions

Also, read - Know more about the single block multiple debits UPI feature

UPI Limits on Payment Apps

Besides banks, payment providers have also imposed limits on UPI transactions. Leading providers like PayTM, GPay and Amazon Pay UPI have limited daily transactions for up to ₹1 lakh. They have also imposed a transaction frequency limit of 10 per day.

In the case of GPay, if there’s a money request of ₹2000 or above, the transaction is halted. In the case of Amazon Pay UPI, new customers can transact for a maximum of ₹5000 in the first 24 hours after they have activated their UPI ID.

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The bottom line

If you use UPI for your transactions, know these limits. Check the limit specified by your bank so that you can avoid rejected or failed transactions. Moreover, if you use payment providers like GPay, PayTM, etc. know the independent limits to transact seamlessly.

Also, read - Know how UPI wallets are becoming secure and safe



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