According to the NPCI website, at present, the upper limit per UPI transaction is Rs. 1 Lakh per account per day. Within this upper limit different banks may have their own sub limits hence one should check with one’s bank. Recently most of the nationalised banks including SBI, Axis bank, ICICI bank etc which are part of UPI network have published their revised UPI transfer limits.

UPI transaction limit can be categorized as

  1. UPI transaction amount limits i.e the maximum amount of money that can be transferred via UPI in a day. 
  2. Frequency i.e number of UPI transactions a person can do in a day.

UPI 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 since NPCI has not issued any regulation for that. 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/month

Some banks have also defined UPI transaction limits by week or month. 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 UPI transaction limit per month is Rs 30,00,000. For example IDFC UPI transaction limit per week is Rs 7,00,000, while SBI has not set any limit.

 

SBI UPI Transaction Limits

  • UPI transaction limit SBI (per transaction) is Rs 1,00,000 maximum as determined by NPCI.
  • SBI per day UPI transaction limit is Rs 1,00,000. 
  • There is no limit for per week or per month value of UPI transfer.

 

ICICI Bank UPI Transaction Limits

  • 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.

 

Currently in use, version 2.0, UPI includes 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.

 

How to transfer money via UPI?

There are three ways to transfer money via UPI - by entering the virtual payment address (VPA) of the receiver, account number and IFSC code or QR code.