Digital Money

Check Daily UPI Transaction Limit of SBI, HDFC And More

Unified Payments Interface, famously called UPI, recorded 657 Cr transactions in August, as da5a of National Payments Corporation of India (NPCI) suggested. Every month, it is recorded that UPI transactions ascended by 4.6 percent in terms of volume and 1 percent on a value basis.

UPI Transaction Limit

How Does Actually UPI Works?

The UPI work element is VPA or Virtual Payment Address, an individual will have to set their VPA and then he is capable of making UPI payments. Linking multiple accounts with any single UPI application is very easy. And only account numbers or IFSC codes are required for once. “This is a real-time payment system where funds are credited instantly on a real-time basis.”

Today in the smartphone app market there are several UPI-based payment apps like Google Pay, PhonePe, Paytm, BHIM UPI, and more. And apart from these apps, their many bank provided apps to transfer money

UPI Transaction Limits

Central Bank, RBI, and NPCI both have capped the daily UPI transaction limit up to 2 lakh per user with no minimum limit amount.

BankSingle Transaction LimitLimit/per day
SBIRs 1 LakhRs 1 Lakh
HDFC Bank Rs 1 Lakh Rs 1 Lakh
ICICI BankRs 10,000(25000 for Google Pay users)Rs 10,000 (25000 for Google Pay users)
Andhra BankRs 1 LakhRs 1 Lakh
Axis BankRs 1 LakhRs 1 Lakh
Canara BankRs 10,000Rs 25,000
Dena BankRs 1 LakhRs 1 Lakh
CitibankRs 1 LakhRs 1 Lakh
City Union BankRs 1 LakhRs 1 Lakh
Bank of BarodaRs 25,000Rs 1 Lakh
Bank of IndiaRs 10,000Rs 1 Lakh
Central Bank of IndiaRs 25,000Rs 50,000
Bank of MaharashtraRs 1 LakhRs 1 Lakh

Also read:

RBI Releases The List Of illegal Forex Trading Apps, Websites, Check Which One You Are Using

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Rishabh Sharma

Rishabh is an experienced content writer and editor, he is working for Viralbake to cover a diversified range of categories. His articles mainly focus on providing information, being a travel guide, educating others, and also making people aware of technology, after all, he is a technophile. When not writing he can be found gaming, watching movies, and travelling.

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