written by Khatabook | August 23, 2021

UPI Transaction Limit 2021: 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. 

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

1. What are the requirements of using Google Pay?

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.

2. Is Google Pay available for iPhones?

Yes, it is available for iPhones.

3. What permission is required to be given to use the UPI App?

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

4. Is a separate KYC required to use the UPI feature?

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.

5. Can I reduce the existing UPI transaction limit?

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.

6. What are the charges levied for the UPI transaction?

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.

7. What is the UPI limit for international transactions?

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

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