From SBI to HDFC Bank, Check Per Day UPI Transaction Limit Of Key Banks

UPI transactions increased in volume by 4.6 percent and in value by 1 percent month over month (m-o-m). Check out the bank-imposed UPI transaction limitations here.

According to information made public by the National Payments Corporation of India (NPCI), the Unified Payments Interface, or UPI, handled 657 crore transactions in August. UPI transactions increased in volume by 4.6 percent and in value by 1 percent month over month (m-o-m).

The hassle-free experience that UPI provides is the main driver of this expansion.

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What is UPI?

The Unified Payments Interface (UPI) is an instant payment system developed by the National Payments Corporation of India (NPCI), an RBI-regulated entity. UPI is built over the IMPS infrastructure and allows individuals to instantly transfer money between any two parties bank accounts.

How UPI works?

Only setting up a Virtual Payment Address (VPA) and sending money will be required of users. They can make fund transfers by entering the IFSC code or account number and linking multiple bank accounts to a single smartphone app. In this real-time payment system, monies are instantly credited in real-time.
In addition to the BHIM UPI app and their bank’s mobile apps, people can utilise several payment apps like PhonePe, Paytm, and Google Pay to transfer money using this technique.

UPI Transaction Limits

The daily transaction cap per user has been set at Rs 2 lakh by the RBI and NPCI. There is no required minimum.
Banks had the option of establishing their own UPI transaction limits under the NPCI cap. As a result, some banks have reduced the UPI transaction limit for their clients.

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The daily UPI transaction limit as well as some per-transaction bank limits are listed below:

S.No.Bank NamePer Transaction Limit (Rs)Per day limit (Rs)Per week limitPer month limit
1Airtel Payments Bank1,00,0001,00,000NANA
2Allahabad Bank 25,0001,00,000 NA NA 
3Andhra Bank1,00,0001,00,000NANA
4Axis bank1,00,0001,00,000NANA
5Bank of Baroda25,00050,000NANA
6Bank of Maharashtra1000020000NANA
7BOI 10,000100,000NANA
8Canara Bank100,000100,000NANA
9Central Bank of India2500050000NANA
10Citibank 1,00,000 1,00,000 NANA
11Corporation Bank500001,00,000NA20,00,000
12City Union Bank1,00,0001,00,000NANA
13Deutsche Bank AG100,000NANANA
14Equitas Small Finance Bank Payments Bank 1,00,0001,00,000NANA
15Federal bank1,00,0001,00,000 NANA
16HDFC Bank1,00,0001,00,000NA NA
17HSBC Bank100000100000NANA
18Indian Bank1,00,0001,00,000 NANA
19ICICI Bank10,00010,000NANA
20IDBI 25,00050,000NA NA
21IDFC 1,00,000100,000700,0003,000,000
22IndusInd Bank100000100000NANA
24Kotak bank25,00050,000NANA
26Paytm Payments Bank100000NANANA
28Standard Chartered Bank100000100000NANA
29Union Bank of India1,00,000100,0005,00,00020,00,000
30Yes bank1,00,0001,00,000NANA

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Dlaize Kohli

Sr. Digital Marketing Specialist with a passion for helping businesses grow and succeed online. With 7+ of experience in the field, Expertise in SEO, SMM, PPC advertising, email marketing, and content marketing. I work closely with clients to deliver successful campaigns and measurable results.

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