UPI transaction limit set by Indian banks

[technom]

P.S: I'm not sure if everyone here is already aware of the this but we did face some limitations with UPI lately and though it'll be useful for others as well.

Unified Payments Interface (UPI) transactions have been on the rise since its introduction by the National Payments Corporation of India (NPCI) in 2016. UPI payments saw a record high of ₹149.5 trillion UPI, card transactions in 2022, as per Worldline report. But, now, banks like HDFC, State Bank of India (SBI) and ICICI have set a limit on UPI transactions, as per reports from HT Tech.

Bank transaction limit on UPI​

NPCI has set out guidelines for UPI transactions stating that a person can initiate a maximum payment of ₹1 lakh per day through UPI. The UPI limit varies from small banks like Canara Bank which allows ₹25,000 transactions, to big banks like SBI that have set a limit of ₹1 lakh.

HDFC Bank has set a limit of ₹1 lakh on UPI transactions. For new users, the UPI limit is ₹5,000. ICICI customers can make UPI payments up to ₹10,000. Axis Bank capped the UPI payments limit at ₹1 lakh, while Bank of Baroda has set it to ₹25,000.

In addition to the money limit levied on UPI transactions, NPCI has also set a limit on the number of transactions per day. The new regulations state that per day a person is allowed up to 20 transactions post which they are required to wait for 24 hours to renew transactions. However, the limit can vary depending on the banks.


UPI app limit
Google Pay, Paytm, and Amazon Pay UPI have set a limit of ₹1 lakh per day along with a total of up to ten transaction limits across all UPI apps and bank account.

Besides, GPay halts the daily transaction limit if someone sends money requests of ₹2,000 and above. Amazon Pay UPI can transact only ₹5,000 as a new customer in the first 24 hours.

Source: https://www.thehindubusinessline.co...an-banks-see-details-here/article66933572.ece

 

[It_is_Naruto]

For CC bill payments through providers like CRED, the UPI limit is enhanced to 2 lacs. For other spends its still as you have shared.
I would like the limits to at least reach 2 lacs or 3 lacs. Sometimes 1 lac limit is not enough.

 

[COSMOCRAT]

On IDFC, limit is still 1 lakh but cannot make UPI payment of more than 25,000 in one go. Needed to do in batches.

 

[manishtaneja90]

Nice information but not complete

 

[technom]

On IDFC, limit is still 1 lakh but cannot make UPI payment of more than 25,000 in one go. Needed to do in batches.

I face this issue as well but could but find a solution. Bank is not helpful in addressing these queries

 

[cardwizard]

I guess the same limit of 1 lakh applies on UPI through Rupay CC as well, you cannot do transaction more than that.

 

[Strange]

On IDFC, limit is still 1 lakh but cannot make UPI payment of more than 25,000 in one go. Needed to do in batches.

ICICI allows max 50,000 in a single transaction.

 

[TechExhibeo]

I face this issue as well but could but find a solution. Bank is not helpful in addressing these queries

yes same. My RM also said there is no way to enhance limit from 25000 to higher number. Even I was upgraded to First Wealth but no profit

 

[RAMESH BABU N]

Please remember that UPI is introduced to reduce dependency on cash for high-volume but low-value Trxns.

NOT as a replacement for ECS/NEFT/RTGS. Each of these channels have specific advantages n limits n purposes.

Depending upon each Bank's daily cash flows, each of them are entitled for setting up their own individual limits. To enforce financial discipline n stability in the financial sector.

 

[srikant]

Please remember that UPI is introduced to reduce dependency on cash for high-volume but low-value Trxns.

NOT as a replacement for ECS/NEFT/RTGS. Each of these channels have specific advantages n limits n purposes.

Depending upon each Bank's daily cash flows, each of them are entitled for setting up their own individual limits. To enforce financial discipline n stability in the financial sector.

Indeed -- whatever causes people to feel 1L by UPI is "not enough"! I seldom do anything more than INR 100 by UPI. If someone needs more than INR 1,000 in their bank account from me, they'll usually have to take card or wait for an NEFT. In rare circumstances, I'll withdraw cash from an ATM for this.

But one thing I never use is IMPS. I think that's become redundant with UPI. I think IMPS was poorly conceived - small value, high-fee transactions? Thank you very much. I'll use cash.

 

[JethalalGada]

UPI issuing bank Wise limits - Google Pay Help

When you send money to someone Bank Name Bank Type Sponsor Bank

support.google.com

 

[aggarwal]

I am getting the details about maximum limit on UPI at various sites. My requirement is to reduce the limit to say 500 Rs / transaction and max of 2000 per day. Is it possible at the bank level?