UPI Transaction Limit 2023: Of 105 Banks Along With SBI and HDFC

Unified Payments Interface (UPI) is a system that allows several bank accounts to operate via a single mobile application. As a result, banking features, fund transfer & vendor payments can take place via a single application. It allows bank to bank collection requests and payment mandates very conveniently.

The UPI was launched as a pilot project with 21 banks on 11th April 2016 by RBI, Dr Raghuram Rajan.

UPI employs pre-existing systems, such as Immediate Payment Service (IMPS) and Aadhaar Enabled Payment System (AEPS), to enable receipt and payments across different bank accounts.

Once a recipient is fixed, the UPI enables money to be delivered without using credit or debit cards, net banking, or account details. However, understanding the UPI payment limit is essential, which we will cover in this article.

Main Features of UPI

Money transfer through mobile which can take place 24*7.
Single application for login into several bank accounts.
2 Factor Authentication for higher safety.
Bill Sharing with friends.
No more “Cash on Delivery” problem, running to an ATM or rendering exact change.

Participants in UPI

Payer PSP (Payment Service Provider)
Payee PSP
Remitter Bank
Beneficiary Bank
NPCI
Bank Account holders
Merchants

Note: PSP or Payment Service Provider is a technology service within the UPI system. It acts on behalf of the banks for making or receiving payment.

General UPI Limit

The NPCI has set a UPI transaction limit. Presently, the UPI transaction limit per day is Rs 1 Lakh. Also, the maximum number of UPI transactions is twenty per day. The upper limit varies from bank to bank. As a result, the upper limit could be between ten thousand to one lacs. It is important to note that the limit may change from time to time.

Also Read: How to Get UPI QR Code for your Flourishing Business?

UPI Partner Bank-wise Limits

Bank Name	Bank Type	Sponsor Bank	UPI Transaction limit	UPI Transfer Limit (Daily)
Abhyudaya Co-operative Bank	Cooperative	NA	25000	25000
Adarsh Co-op Bank Ltd	Cooperative	HDFC Bank	50000	50000
Aditya Birla Idea Payments Bank	Payments Bank	NA	100000	100000
Airtel Payments Bank	Payments Bank	NA	1,00,000	1,00,000
Allahabad Bank	Public Sector Bank	NA	25000	100000
Allahabad UP Gramin Bank	RRB	Allahabad	20000	40000
Andhra Bank	Public Sector Bank	NA	100000	100000
Andhra Pradesh Grameena Vikas Bank	RRB	SBI	25000	100000
Andhra Pragathi Grameena Bank	RRB	NA	10000	20000
Apna Sahakari Bank	Cooperative	NA	100000	100000
Assam Gramin VIkash Bank	RRB	United Bank of India	5000	25000
Axis Bank	Private	NA	100000	100000
Bandhan Bank	Private	NA	100000	100000
Bank Of Baroda	Public Sector Bank	NA	25000	Not set
Bank Of India	Public Sector Bank	NA	10000	100000
Bank of Maharashtra	Public Sector Bank	NA	100000	100000
Baroda Gujarat Gramin Bank	RRB	Bank of Baroda	25000	Not Set
Baroda Rajasthan Kshetriya Gramin Bank	RRB	BOB	25000	25000
Baroda Uttar Pradesh Gramin Bank	RRB	Bank of Baroda	25000	25000
Bassein Catholic Coop Bank	Cooperative	NA	20000	40000
Bhilwara Urban Co-operative Bank LTD	Cooperative	HDFC	25000	25000
Bihar Gramin Bank	RRB	UCO	Merged with DBGB
Canara Bank	Public Sector Bank	NA	10000	25000
Catholic Syrian Bank	Private	NA	100000	100000
Central Bank of India	Public Sector Bank	NA	25000	50000
Chaitanya Godavari Grameena Bank	RRB	Andhra Bank	25000	100000
Chhattisgarh Rajya Gramin Bank	RRB	SBI	25000	100000
Citibank Retail	Foreign Bank	NA	100000	100000
City Union Bank	Private	NA	100000	100000
COASTAL LOCAL AREA BANK LTD	Cooperative	BOM	50000	1,00,000
Corporation Bank	Public Sector Bank	NA	50000	100000
DBS Digi Bank	Foreign Bank	NA	100000	100000
DCB Bank	Private	NA	5000	5000
Dena Bank	Public Sector Bank	NA	100000	100000
Dena Gujarat Gramin Bank	RRB	Dena	NA (Merged)
Deutsche Bank AG (Web Collect)	Foreign Bank	NA	NA
Dhanlaxmi Bank Ltd	Private	NA	100000	100000
Dombivli Nagari Sahakari Bank	Cooperative	NA	100000	100000
Equitas Small Finance Bank	Small Finance Bank	NA	25000	100000
ESAF Small Finance Bank	Small Finance Bank	NA	100000	100000
Federal Bank	Private	NA	100000	100000
FINO Payments Bank	Payments Bank	NA	100000	100000
G P Parsik Bank	Cooperative	NA	100000	100000
HDFC	Private	NA	100000 (RS 5000 for new customer)	100000
Himachal Pradesh Gramin Bank	RRB	PNB	50,000	50,000
HSBC	Foreign Bank	NA	100000	100000
Hutatma Sahakari Bank Ltd	Cooperative	ICIC Bank	100000	No limit
ICICI Bank	Private	NA	10000 (25000 for Google Pay users)	10000 (25000 for Google Pay users)
IDBI Bank	Public Sector Bank	NA	25000	50000
IDFC	Private	NA	100000	100000
India Post Payment Bank	Payments Bank	NA	25000	50000
Indian Bank	Public Sector Bank	NA	100000	100000
Indian Overseas Bank	Public Sector Bank	NA	10000	20000
IndusInd Bank	Private	NA	100000	100000
J&K Grameen Bank	RRB	J&K	20,000	20,000
Jalgaon Janata Sahakari Bank	Cooperative	NA	100000	100000
Jammu & Kashmir Bank	Private	NA	20000	20000
Jana Small Finance Bank	Small Finance Bank	NA	10000	40000
Janata Sahakari Bank Pune	Cooperative	NA	100000	100000
Jio Payments Bank	Payments Bank	NA	100000	100000
Kallappanna Awade Ichalkaranji Janata Sahakari Bank Ltd.	Cooperative	NA	25000	200000
Karnataka Bank	Private	NA	100000	200000
Karnataka vikas Gramin Bank	RRB	NA	25000	25000
Karur Vysya Bank	Private	NA	100000	100000
Kashi Gomti Samyut Gramin Bank	RRB	NA	100000	100000
Kaveri Grameena Bank	RRB	SBI	25000	25000
Kerala Gramin Bank	RRB	NA	20000	20000
Kotak Mahindra Bank	Private	NA	100000	100000
Langpi Dehangi Rural Bank	RRB	SBI	10000	100000
Madhya Bihar Gramin Bank	RRB	PNB	25000	100000
Maharashtra Gramin Bank	RRB	BOM	25000	100000
Maharashtra state co opp Bank	Cooperative	NA	5000	50000
Malwa Gramin Bank (Bank merged with Punjab Gramin Bank)	RRB	SBI	10000	25000
Manipur Rural Bank	RRB	SBI	10000	10000
Maratha co opp Bank	Cooperative	NA	100000	100000
Meghalaya Rural Bank	Foreign Bank	SBI	100000	100000
Mizoram Rural Bank	RRB	SBI	25000	100000
NKGSB CO-Op. Bank Ltd.	Cooperative	NA	20000	40000
Oriental Bank of Commerce	Public Sector Bank	NA	100000	100000
Paschim Banga Gramin Bank	RRB	UCO	5000	25000
Paytm Payments Bank	Payments Bank	NA	100000	100000
Pragathi Krishna Gramin Bank	RRB	NA	20000	20000
Prathama Bank	RRB	NA	10000	50000
Punjab and Maharashtra Co. bank	Cooperative	NA	100000	100000
Punjab and Sind Bank	Public Sector Bank	NA	10000	10000
Punjab Gramin Bank	RRB	PNB	10000	25000
Punjab National Bank	Public Sector Bank	NA	25000	50000
Purvanchal Bank	RRB	SBI	25000	100000
Rajasthan Marudhara Gramin Bank	RRB	SBI	25000	25000
Rajkot Nagari Sahakari Bank Ltd	Cooperative	NA	100000	100000
Samruddhi Co-op bank ltd	Cooperative	TJSB	100000	100000
Sarva Haryana Gramin Bank	RRB	PNB	50,000	1,00,000
Sarva UP Gramin Bank	RRB	PNB	50000	100000
Saurashtra Gramin Bank	RRB	SBI	20000	100000
Shree Kadi Nagarik Sahakari Bank Ltd.	Cooperative	Yes Bank	100000	100000
South Indian Bank	Private	NA	100000	100000
Standard Chartered	Foreign Bank	NA	100000	100000
State Bank Of India	Public Sector Bank	NA	100000	100000
Suco Souharda Sahakari bank	Cooperative	ICICI Bank	100000	100000
Suryoday Small Finance Bank Ltd	Small Finance Bank	NA	100000	100000
Suvarnayug Sahakari Bank ltd	Cooperative	HDFC	100000	100000
Syndicate Bank	Public Sector Bank	NA	10000	100000
Tamilnadu Mercantile Bank	Private	NA	20000	100000
Telangana Gramin Bank	RRB	SBI	25000	100000
Telangana State Cooperative Apex Bank	Cooperative	IDBI	10000	1,00,000
Thane Bharat Sahakari Bank	Cooperative	NA	100000	100000
The Cosmos Co-Operative Bank LTD	Cooperative	NA	10000	50000
The Co-Operative Urban Bank	Cooperative	NA	25000	25000
The Ahmedabad District Co-operative Bank Ltd	Cooperative	GSCB	10000	25000
The Ahmedabad Mercantile Co-op Bank Ltd	Cooperative	HDFC Bank	100000	100000
The Andhra Pradesh state cooperative	Cooperative	NA	10000	100000
The Baroda Central Co-operative bank ltd.	Cooperative	GSCB	15000	100000
The Gujarat State Co-operative Bank Limited	Cooperative	NA	50000	100000
The Hasti Co-operative Bank Ltd	Cooperative	NA	100000	100000
The KalyaCo-opapplya Sahkari Bank	Cooperative	NA	100000	100000
The Lakshmi Vilas Bank Limited	Private	NA	100000	100000
The Mahanagar Co-Op. Bank Ltd	Cooperative	NA	25000	50000
The Malad Sahakari Bank Ltd.	Cooperative	PMCO	10000	50000
The Mehsana Urban Co-Operative Bank	Cooperative	NA	100000	100000
The Municipal Co-op Bank Ltd.	Cooperative	NA	5000	50000
The Muslim Co-Operative Bank Ltd	Cooperative	HDFC	100000	100000
The Nainital Bank Ltd	Private	NA	20000	40000
The Ratnakar Bank Limited	Private	NA	25000	25000
The Saraswat Co-Operative Bank	Cooperative	NA	100000	100000
The Surat Peoples Co-Op. Bank Ltd	Cooperative	NA	25000	100000
The Sutex Co-op Bank	Cooperative	ICICI Bank	100000	100000
The SVC Co-Operative Bank Ltd	Cooperative	NA	10000	20000
The Thane Janta Sahakari Bank Ltd (TJSB)	Cooperative	NA	100000	100000
The Udaipur Mahila Samridhi Urban Co-op Bank Ltd	Cooperative	ICICI Bank	100000	100000
The Udaipur Mahila Urban Co-op Bank Ltd	Cooperative	NA	100000	100000
The Urban Cooperative Bank Ltd Dharangaon	Cooperative	ICICI Bank	20000	25000
The Varachha Co-op Bank Ltd.	Cooperative	NA	20000	40000
The Vijay Cooperative Bank Ltd	Cooperative	ICIC Bank	20000	200000
The Vishweshwar Sahakari Bank Ltd	Cooperative	NA	100000	100000
Tripura Gramin Bank	RRB	SBI	10000	10000
UCO Bank	Public Sector Bank	NA	100000	100000
Ujjivan Small Finance Bank Limited	Small Finance Bank	NA	50000	100000
Union Bank of India	Public Sector Bank	NA	100000	200000
United Bank of India	Public Sector Bank	NA	25000	60000
Uttarakhand Gramin Bank	RRB	SBI	25000	100000
Vananchal Gramin Bank	RRB	SBI	20000	20000
Vasai Vikas Co-op Bank Ltd	Cooperative	NA	100000	100000
Vijaya Bank	Public Sector Bank	NA	25000	50000
Yes Bank	Private	NA	100000	100000

Potential Change in Transaction Limits

According to a circular released by the NPCI in March 2020, "the transaction limit for payments through Unified Payments Interface (UPI) at stores run by ‘verified merchants’ will be increased to Rs.2 lakh from next fiscal year. This move is to boost digital payment players such as PhonePe, Google Pay, etc. However, this change will not apply to peer-to-peer fund transfers.

Different banks insert an extra level of security in the UPI system. And in view to further strengthen the UPI ecosystem, specific changes are made to the transaction processes. Like in the case of HDFC bank, as per their website, "New UPI users or users who have changed their device/sim card/mobile number can transact only upto Rs 5,000/- for the first 24 hours on Android phone & 72 hours for iPhone users."

Also, "the limit of 10 transactions is only applicable for fund transfer and doesn't include Bill pay transactions and merchant transactions."

UPI AutoPay

NPCI has come up with UPI AutoPay for regular payments. With this new facility, clients can now enable recurring e-mandate using any UPI application for recurring expenses such as telephone bills, Netflix, OTT charges, WIFI charges, Electricity charges, EMI bills. The list of banks and partners as of date is shown below:

Live Issuer Bank	Live UPI Apps
Axis Bank	BHIM
Bank of Baroda	Paytm, BHIM
ICICI Bank	Gpay, PhonePe
IDFC Bank	BHIM
Indusind Bank	BHIM
HDFC Bank	Gpay, PhonePe, Paytm
Paytm Bank	Paytm, BHIM
HSBC Bank	HSBC SimplyPay

The website of NPCI and UPI has not disclosed whether such Auto Payments will be included in the UPI transaction limit or not.

Also Read: UPI Payment Apps: List of Apps That Allow UPI Payments

Google Pay Limit

The Gpay Limit is as follows:

Maximum of Rs 1,00,000 in one day across all UPI apps.
Maximum of 10 times in one day across all UPI apps.
Maximum request of Rs 2,000 from another individual/parties.

PhonePe Transaction Limit

The PhonePe limit per day is as follows:

Maximum of Rs 1,00,000 in one day across all UPI apps.
Maximum of 10 times across all UPI apps in one day.

UPI Limit for BHIM app

A customer can transfer upto Rs 40,000 per transaction and a maximum of Rs 40,000 per day for one bank account. This UPI transfer limit is based on per bank account linked with BHIM. The State Bank of India launched its own mobile payments app named BHIM SBI Pay. It can be used by SBI account holders as well as customers of other UPI-enabled banks. The transfer of funds is carried out through a Virtual Payment Address (VPA).

Also Read: How Secure is BHIM UPI? | A Complete Guide

Conclusion

UPI has made digital payments highly convenient and easy. You don't have to remember your or anyone else’s bank account number. All you have to do is enter the virtual payment address or the mobile number of the recipient. This safe and secure method has emerged as one of the popular ways to send and receive cash online.

Often the customer is not well informed about the UPI transaction limit. As a result, they may encounter transaction failure while executing the transaction. This may lead to delay in payments and also loss of creditworthiness. For example, not being able to pay credit card bills on time due to UPI transaction failure. You'll end up paying a considerable amount of fines and an extra amount on account of such lapse.

However, you can execute money transfers faster than pre-existing NEFT and RTGS features without any fee. The UPI enabled bank transactions are one of a kind in the world, due to which it is crucial to know about the UPI limit. Other countries are yet to incorporate it into their banking system. Also, as a matter of pride, this system is developed in India itself.

FAQs

Q: What is the UPI limit for international transactions?

Ans:

Currently, the UPI money transfer feature is not available for international transactions.

Q: What are the charges levied for the UPI transaction?

Ans:

The NPCI, via its circular, has clarified that no additional charges are to be levied for UPI transactions. Hence, these transactions can be initiated free of cost.

Q: Can I reduce the existing UPI transaction limit?

Ans:

Certain banks provide the feature of reducing the UPI transaction limit both in amount and number. This can be done by visiting their online net banking website.

Q: Is a separate KYC required to use the UPI feature?

Ans:

No. The pre-existing KYC available with the bank is sufficient. However, if someone has not given his mobile number and linked it with his account, they need to provide the same.

Q: What permission is required to be given to use the UPI App?

Ans:

Generally, a camera to scan QR codes and messaging features to send and receive OTP is required.

Q: Is Google Pay available for iPhones?

Ans:

Yes, it is available for iPhones.

Q: What are the requirements of using Google Pay?

Ans:

To use Google Pay, a bank account and a mobile number linked to that account is sufficient. You also need a smartphone and an internet connection to use it.

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