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UPI transaction limit is Rs 1 lakh per transaction. This limit has been set by NPCI, the RBI regulated entity that built UPI.
New UPI Transaction Limit Update in 2022: Limit Increased For IPO and RDS
Moreover, the UPI transaction limit for Initial Public Offering (IPO) and Retail Direct Scheme (RDS) is 5 lakhs, according to NPCI circular released on 9 December 2021.
However, it is important to note that on 24 September 2021, NPCI released a circular pushing for standardization of UPI transaction limit.
NPCI requested banks to follow the following standards:
|UPI Transaction Category||UPI Transaction Type||UPI Transaction Limit|
|P2P (Peer to Peer)/P2PM (Peer to Peer Merchant)||Collect Share Intent Link and Pay QR Share and Pay||INR 2000|
|P2M (Peer to Merchant) Non-Verified Offline||Collect Share Intent Link and Pay QR Share and Pay||INR 2000|
|P2M (Verified Specific Categories)**||All||2 Lakhs|
*P2PM refers to the category catering to small merchants and the unorganized retail sector.
**Specific Category refers to merchants added to ‘verified merchants’ list by Acquiring Banks.
It also includes specific business categories like capital market, collection, insurance, preapproved disbursment and FIR.
UPI transaction limit can be categorized as
- UPI transaction amount limits i.e the maximum amount of
money thatcan be transferred via UPI.
- Frequency i.e number of UPI transactions a person can do in a day.
Bank UPI transaction limit by amount
Recently most of the nationalised banks including SBI, Axis
transaction limit per day
The UPI transaction limit per day has been defined by each bank in the UPI network and varies bank to bank. For example in SBI UPI transaction limit per day is Rs 1,00,000, while in Bank of Baroda UPI transaction limit is Rs 50,000.
UPI transaction limit per week
Some banks have also defined
Most of the public sector banks and recognized private banks have not imposed any monthly UPI transaction limit, while there are banks that do have limits. For example IDFC bank has set limit as Rs howeverSame as per day and per week UPI transfer limit, monthly UPI transaction limit also varies. For example IDFC upi transaction limit per week is Rs 7,00,000, while SBI has not set any limit.
transaction limit per month
PhonePe Transaction Limit Per Day
- The PhonePe transaction limit per day is 1 lakh INR. (Rs. 1,00,000)
- In terms of frequency, the Phonepe limit per day is 20 transactions in 24 hours
Check out this blog to get more information on PhonePe transaction limit per day.
SBI UPI transaction limit
- UPI transaction limit SBI ( per transaction) is Rs 100,000 maximum as determined by NPCI.
- SBI per day UPI transaction limit is Rs 100,000
- There is no limit for per week or per month value of UPI transfer.
UPI transaction limit ICICI bank
- ICICI UPI transaction limit ( per transaction) is Rs 10,000
- ICICI per day UPI transaction limit is Rs 10,000
- There is no limit for per week or per month value of UPI transfer.
We have compiled a list of 105 Indian banks showing UPI transaction limit per transaction along with UPI transaction limit per day, per week and per month.
|S.No.||Bank Name||Per Transaction Limit (Rs)||Per day limit (Rs)||Per week limit||Per month limit|
|1||A P Mahesh Bank||25,000||100,000||NA||NA|
|3||Airtel Payments Bank||1,00,000||1,00,000||NA||NA|
|5||Allahabad UP Gramin Bank||25,000||100,000||NA||NA|
|7||Andhra Pradesh Grameen Vikas Bank||25000||25000||NA||NA|
|9||Apna Sahakari Bank||100000||100000||No limit||No limit|
|10||Assam Grameen Bank||5000||25000||50000||100,000|
|13||Bank of Baroda||25,000||50,000||NA||NA|
|14||Bank of Maharashtra||10000||20000||NA||NA|
|15||Baroda Gujarat Gramin Bank||25,000||NA||NA||NA|
|16||Baroda Uttar Pradesh Gramin Bank||25,000||100,000||NA||NA|
|18||Bihar Gramin Bank||100,000||200,000||NA||2,000,000|
|21||Catholic Syrian Bank||1,00,000||1,00,000||NA||NA|
|22||Central Bank of India||25000||50000||NA||NA|
|23||Chaitanya Godavari Gramin Bank||25,000||100,000||NA||NA|
|24||Chhattisgarh Rajya Gramin Bank||25000||25000||NA||NA|
|28||City Union Bank||1,00,000||1,00,000||NA||NA|
|32||Deutsche Bank AG||100,000||NA||NA||NA|
|34||Dombivli Nagri Sahakari Bank||100,000||100,000||NA||NA|
|35||Equitas Small Finance Bank Payments Bank||1,00,000||1,00,000||NA||NA|
|38||G P Parsik Bank||50000||100000||700000||3000000|
|39||Gujarat State Bank||25000||50000||NA||NA|
|50||Janta Sahakari Bank||100000||NA||NA||NA|
|54||Karur Vysya Bank||1,00,000||1,00,000||NA||NA|
|56||Kerala Grameen Bank||**10-50000||50000||NA||NA|
|61||Maharashtra Grameen Bank||25000||25000||NA||NA|
|62||Malwa Gramin Bank||25000||25000||NA||NA|
|63||Meghalaya Rural Bank||25000||25000||NA||NA|
|64||Mehasana Urban co-operative Bank||1,00,000||1,00,000||NA||NA|
|66||NKGSB Co-Op Bank Ltd||20,000||40,000||NA||NA|
|69||Punjab and Maharashtra Co- Op Bank Ltd||1,00,000||1,00,000||NA||NA|
|70||Paytm Payments Bank||100000||NA||NA||NA|
|71||Pragathi Krishna Grameen Bank||*10-20000||20000||NA||NA|
|76||Rajkot nagrik Bank||100000||100000||No limit||No limit|
|78||Samruddhi Co Op Bank||50,000||50000||350000||150000|
|79||Saraswat Co-op Bank||1,00,000||50,000||NA||NA|
|80||Saurashtra Gramin Bank||25000||25000||NA||NA|
|82||South Indian Bank||1,00,000||1,00,000||NA||NA|
|83||Standard Charter Bank||100000||NA||NA||NA|
|84||Standard Chartered Bank||100000||100000||NA||NA|
|85||SUCO SOUHARDA SAHAKARI BANK||10000||8,00,000||NA||NA|
|86||Surat People Cooperative Bank||100,000||100,000||NA||NA|
|89||TELANGANA GRAMEENA BANK||25000||25000||NA||NA|
|90||Thane Bharat Sahakari Bank||50000||100000||No limit||No limit|
|91||Thane Janta sahakari Bank||100000||100000||No limit||No limit|
|92||The Jammu and Kashmir Bank Ltd||25,000||25,000||NA||250,000|
|93||The Kalyan janta sahakari Bank||100000||100000||No limit||No limit|
|94||The Sutex Co – Op Bank||200000||200000||NA||NA|
|97||Ujjivan Small Finance Bank||50,000||100,000||NA||NA|
|98||Union Bank of India||1,00,000||100,000||5,00,000||20,00,000|
|99||United Bank of India||100,000||25,000||NA||NA|
|100||uttarakhand Gramin Bank||25000||25000||NA||NA|
|104||Vishveshwar Co opp Bank||1,00,000||1,00,000||NA||NA|
UPI 2.0 and revised UPI transaction limit
With version 2.0, UPI is likely to include a bunch of new features like the doubling of transaction limits to Rs 2 lakh, and the ability to link overdraft (OD) accounts to UPI.
UPI transaction limit by frequency
Vide NPCI Circular dated October 22, 2018, UPI transaction frequency limit has been revised from 20 to 10 transactions per day for Peer to Peer transfers (P2P).
The UPI transaction limit per day has been reduced as many people were using the UPI platform multiple times just to earn rewards.
Note: This limit is not applicable if a person makes a payment to the merchant. The limit is only for the Peer to Peer Transfers (P2P).
UPI as the Preferred Payment Mode.
UPI is set to become the de-facto mode of payment both for P2P (person to person) & P2M (person to merchant) transactions.
At Cashfree, we’ve always believed UPI to be a transformative force in the Indian payments ecosystem and were quick to jump on to the UPI bandwagon.
Here are just some of the features that a UPI payment gateway can offer:
- Better customer experience- with easy integration
- Recurring Bill option with UPI Autopay- for your subscription business
- UPI Payment Links- easily shared over Whatsapp or text
- Virtual UPI IDs for easy reconciliation
- Payment option through Dynamic/Static QR code
- UPI ID Verification: for higher success rate
So, as a business, you never have to worry about the PhonePe transaction limit per day or the UPI limit in general.
Presently, Cashfree offers the most extensive of UPI integration options among payment companies.
We hope you found the bank-wise UPI transfer limit list helpful.
If you are looking to integrate UPI into your website or mobile app to accept payments, you can fill this form and ask your query.