UPI Transaction Limit: The use of Unified Payment Interface (UPI) transactions is increasing rapidly in the country. Recent data from the Reserve Bank of India shows that the figure of 24 crore UPI transactions per day in February 2022 last year has increased by 50 per cent to 36 crore in February 2023 this year.
2But do you know how much amount you can transact with your UPI in a day. Yes, you can do only a fixed amount of transactions per day through your UPI payment app. Different banks have fixed an amount for this.
You can do this much transaction with UPI in a day
According to the official website of NPCI, a common customer can transact up to a maximum of Rs 1 lakh in a day through normal UPI. However, in case of some special categories like capital market, collection, insurance, foreign inward remittance, this limit is up to Rs 2 lakh.
Banks can fix this limit
According to NPCI rules, banks can fix mainly three types of limits for their customers. Different banks can make their own rules for this. In these rules, customers can limit the maximum transaction value in a day, maximum transaction in single time and maximum number of transactions in a day.
How much UPI transaction can be done from which bank
According to UPI payment app Google Pay, customers can do a maximum of 10 UPI transactions in a day. If you are the customers of most banks like SBI, Axis Bank, HDFC Bank, you can transact up to a maximum of Rs 1 lakh in a day.
