Record High UPI Transactions Lead to Banks Setting Daily Limits

In India, Unified Payments Interface (UPI) has transformed the process of financial transactions. This innovative payment system operates in real-time, empowering individuals to effortlessly send and receive money using their smartphones.

Developed by the National Payments Corporation of India (NPCI), UPI has gathered widespread praise for its user-friendly nature, robust security measures, and remarkable convenience. With UPI, users can effortlessly make payments, transfer funds, settle bills, and even engage in online shopping, eliminating the dependance on conventional cash transactions.

As per the latest reports, banks have taken a decision to impose additional daily limits on transactions made through the Unified Payments Interface (UPI). The extraordinary rise in the number of such transactions led to this decision. These new limits come on top of the restrictions that were already established by the National Payments Corporation of India (NPCI) in 2021. The main objective behind implementing these limits is to maintain the efficient operation of the payments interface as its popularity continues to grow.

As of now, users are allowed to carry out up to 20 transactions or transfer a maximum of ₹1 lakh in a single day, whether all at once or gradually throughout the day. However, certain specific types of transactions, including those related to capital markets, collections (such as bill payments), insurance, and forward inward remittances, have a higher limit of ₹2 lakh.

In December 2021, the limit for UPI-based ASBA (Application Supported by Blocked Amount) IPO and retail direct schemes was raised to ₹5 lakh per transaction. The NPCI states that the maximum daily limit for UPI transactions is ₹1 lakh, but bill payments and merchants are allowed a higher limit of ₹5 lakh.

Each bank has its own maximum limit for UPI transactions, ranging from ₹25,000 to ₹1 lakh. Some banks have even opted for weekly or monthly limits instead of daily ones. For instance, IDFC Bank has set a weekly limit of ₹1 lakh and a monthly limit of ₹30 lakh for UPI transactions.

There is a growing trend among banks and payment applications to establish their own transaction criteria. For example, state-run banks like Punjab National Bank (PNB) and Bank of Baroda have set a lower transaction limit of ₹25,000. At PNB, the daily limit stands at ₹50,000. As for applications, users of Google Pay, for instance, will exceed the daily limit if they attempt to make more than 10 money transfers in a single day across all UPI apps.

These new limitations demonstrate the proactive measures taken by banks and payment platforms to handle the increasing volume of UPI transactions while ensuring a smooth and secure payment experience for users.

Check Out the GPay Limits of Different Banks

Here’s the bank wise UPI limit when you send money to someone!

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

Keeping Up with Demand: Banks Introduce Daily Limits on UPI Transactions

Check Out the GPay Limits of Different Banks