You must be making UPI payments for things ranging from a needle to an elephant. Did the question ever come to your mind that how much money can you transfer in a day? According to the information given on the official website of National Payment Corporation of India, the transaction limit for normal UPI is Rs 1 lakh. This is for transactions over the limit.
New Delhi. In the digital age, every second internet user is making payments through UPI (Unified Payment Interface). With the UPI app on the phone, transferring money takes a matter of seconds.
You too must be making UPI payments for things ranging from a needle to an elephant. Did the question ever come to your mind that how much money can you transfer in a day?
NPCI has set UPI transaction limit
Yes, it is important to mention here that the National Payments Corporation of India sets a transaction limit for UPI. Payment can be made through UPI only keeping this limit in mind.
Normal UPI transaction
According to the information given on the official website of National Payments Corporation of India, the transaction limit for normal UPI is Rs 1 lakh. This is for transactions over the limit.
Limits for specific categories
This limit increases to Rs 2 lakh for UPI transactions in capital markets, collections, insurance.
The UPI transaction limit for IPO (Initial Public Offering) and retail direct schemes has been capped at Rs 5 lakh per transaction.
UPI limit for hospitals and educational institutions
According to the information given on the payment website, from 8 December 2023, the Reserve Bank of India has increased the limit of UPI transactions for specific fields.
The Reserve Bank of India has increased the limit of UPI payments to educational institutions and hospitals to Rs 5 lakh. Let us tell you, before 2023, the limit of UPI payment for educational institutions and hospitals was Rs 1 lakh.
Person to Person UPI Transactions
Each bank may have its own terms and conditions for P2P UPI transactions. For example, HDFC Bank sets a limit of Rs 1 lakh or 20 transactions for P2P (Person to Person) and P2M (Person to Merchant) UPI transactions. This limit is set for 24 hours.
According to the rules, 20 UPI transactions can be done daily. After this, the user has to wait for 24 hours to start the transaction. Only 10 transactions are allowed for third-party UPI apps.
