UPI transaction limits: Factors influencing maximum transfer amounts

UPI Transaction Limits:

• General limit: Rs 1,00,000 per transaction (by NPCI).
• Individual banks may set lower limits.
• Limits can be daily, weekly, or monthly.

Examples of Bank Limits:

• Daily Limits: SBI, ICICI, HDFC, AXIS BANK: Rs 1,00,000, PNB: Rs 50,000.
• Weekly Limits: Not specified for most banks.
• Monthly Limits: IDFC First Bank: Rs 30,00,000, SBI: No limit specified.

Reasons for Lower Limits:

• Bank’s risk management policies.
• New UPI users: Rs 5,000 limit for first 24 hours.
• Specific payment types: Increased limit of Rs 5 lakh for education and healthcare.
• Account type or transaction history.

Reasons for Limits (Continued):

• Risk management and fraud prevention.
• Operational constraints and technical capabilities of the bank’s UPI system.

Sending Money to Non-UPI Users

• Direct bank transfer (NEFT, RTGS, IMPS).
• Mobile wallets (Paytm, Google Pay, PhonePe).