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UPI Transaction: If you also do UPI transactions then know this special thing, in the digital age, every second internet user is making payments through UPI (Unified Payments Interface). Transferring money through the UPI app in the phone has become a matter of a few seconds.

You too must be making UPI payments for everything from a needle to an elephant. But has this question ever come to your mind that how much money can you transfer in a day?

NPCI has fixed UPI transaction limit

Yes, it is important to mention here that the National Payments Corporation of India sets the transaction limit for UPI. Payments can be made through UPI only keeping this limit in mind.

Common UPI transactions

According to the information given on the official website of National Payments Corporation of India, the transaction limit for normal UPI is Rs 1 lakh. This is for regular transactions.

Limit for category

With UPI transactions in capital markets, collections, insurance, this limit increases to Rs 2 lakh.

The UPI transaction limit for IPO (Initial Public Offering) and Retail Direct Scheme has been kept at Rs 5 lakh.

UPI limits for hospitals and educational institutions

According to the information given on the payment website, from 8 December 2023, the Reserve Bank of India has increased the limit of UPI transactions for specific sectors.

The Reserve Bank of India has increased the limit of UPI payments to educational institutions and hospitals to Rs 5 lakh. Let us tell you, before 2023, the limit of UPI payments for educational institutions and hospitals was Rs 1 lakh.

Person to Person UPI Transactions

Each bank can set its own terms for P2P UPI transactions. For example, HDFC Bank sets a limit of Rs 1 lakh or 20 transactions for P2P (person to person) and P2M (person to merchant) UPI transactions for 24 hours.

According to the rules, 20 UPI transactions can be done daily. After this, the user has to wait for 24 hours to initiate the transaction. Only 10 transactions are allowed for third party UPI apps.