Yes, you can pay ₹2 lakhs using UPI, but typically only for specific merchant transactions like insurance, capital markets, education, or hospital payments, where limits can go up to ₹5 lakhs per transaction. For regular peer-to-peer (P2P) transfers, the limit is generally ₹1 lakh per day, though some bank-specific limits may apply.
As of 2026, the maximum amount that can be transferred through UPI is ₹1 lakh per day. Additionally, UPI 123Pay has a per-transaction limit of ₹10,000. However, these limits may vary depending on the bank and user-specific settings, with some banks imposing their own restrictions.
With IMPS, you can make payments using the beneficiary's mobile number and MMID. NEFT has multiple verification steps to ensure secure transactions. With RTGS, you can remit amounts exceeding ₹2 lakh. You can use VisaPay to pay outstanding amounts up to ₹49,999 instantly.
1,00,000. Additionally, you can make a maximum of 20 transactions through GPay or other UPI apps within a time frame of 24 hours. No, you cannot send Rs. 2 lakh through Google Pay at a time.
The standard per-transaction limit is ₹1 lakh. However, a ₹2 lakh limit is applicable for specific transactions like capital markets, insurance, government collections, and foreign inward remittances. Users generally cannot change these regulated limits.
All You Need to Know
Since these limits are set by the government, users cannot increase or make changes to the UPI limit.
50,000: UPI transactions upto Rs. 50,000 are exempt from tax. Any amount exceeding this limit, received through UPI apps or digital wallets, is treated as a gift and taxed as per the provisions applicable to income from other sources.
You can transfer large amounts of money, but transactions over $10,000, especially in cash or structured deposits, trigger mandatory reporting (like IRS Form 8300 or Bank Secrecy Act (BSA) reports), not necessarily taxes, to fight money laundering. Banks file reports for cash over $10k (CTR) or suspicious activity (SAR) if they see patterns to avoid reporting (structuring), which can flag accounts even for smaller amounts like $200 if part of a pattern.
The UPI transaction limit is ₹1 lakh per day as per NPCI. For capital markets, insurance, collections, and foreign inward remittances, the limit is ₹2 lakh. Tax payments, educational institutions, hospitals, IPOs, and RBI retail direct schemes, the limit is ₹5 lakh.
Based on transaction volume data, some of the top banks for UPI remittances include the State Bank of India (SBI), HDFC Bank, Bank of Baroda, Union Bank of India, and Punjab National Bank. Many banks, including HDFC and SBI, offer high UPI transaction limits, typically up to ₹100,000 INR per transaction.
What is Section 269ST? Under Section 269ST of the Income Tax Act, 1961, if you receive more than ₹2 lakh in cash from a single person in one transaction or multiple transactions related to the same event, you could be hit with a 100% penalty! That means you lose every rupee you received!
3: BHIM UPI has the added advantage of being backed by the government, so it is regarded as safer and secure compared to Google Pay. Though Google Pay has enhanced security features like biometric authentication as well as PIN or pattern, extensive data syncing makes it less secure.
SBI's standard UPI transaction limit is Rs. 1,00,000 per transaction and per day, with a cap of 20 person-to-person (P2P) transactions daily.
1. Google Pay UPI Transactions Limit. The maximum UPI transaction limit for Google Pay stands at ₹1 lakh (Rs 100,000) across all banks, allowing users to send or receive up to this amount daily. For new users, an initial UPI transaction limit of ₹5,000 is applicable for the first 24 hours.
No, it will not be possible to transfer Rs. 2 lakh through PhonePe in a single transaction because the maximum transaction limit is Rs. 1 lakh per day.
Launched by NPCI, this feature lets users pay directly from their Indian bank account while abroad—securely, instantly, and in local currency. Unified Payments Interface (UPI) has now gone global! With UPI Global Acceptance, you can pay at select international stores using your UPI app and Indian bank account.
The standard maximum daily UPI transaction limit set by NPCI (National Payments Corporation of India) is ₹1 lakh (INR 1,00,000). Therefore, a payment of 3 lakhs (INR 3,00,000) generally exceeds the daily limit.
The standard daily UPI transaction limit is ₹1 lakh (one lakh), as set by the National Payments Corporation of India (NPCI). Therefore, a standard transfer of ₹2 lakh in a single day is generally not possible.
Understanding UPI Limits
This limit can vary depending on several factors, including the policies set by the National Payments Corporation of India (NPCI) and your bank. Generally, the daily limit is set to ensure security and to prevent fraud, while still allowing you to carry out your daily transactions.
You must declare cash of £10,000 or more to UK customs if you're carrying it between Great Britain (England, Scotland and Wales) and a country outside the UK. If you're travelling as a family or group with £10,000 or more in total (even if individuals are carrying less than that) you still need to make a declaration.
How to transfer money online to friends and family
Financial institutions must file a Currency Transaction Report (CTR) for any transaction over $10,000. The CTR includes information about the person initiating the transaction, the recipient, and the nature of the transaction. The purpose of this requirement is to prevent money laundering and other criminal activity.
Unified Payments Interface (UPI) users can now make Person-to-Merchant (P2M) transactions of upto 10 lakh rupees within 24 hours, with verified merchant for specified categories effective from today.
“Gifts” can be made in cash or other assets – securities, closely held business interests, real estate, artworks, collectibles or any other type of property. So long as the total market value of your gifts does not exceed $19,000 per recipient in 2026, the transfers are entirely gift tax-free.
No, you generally cannot transfer 1.5 lakh in a single day through UPI on Paytm. The maximum daily transfer limit across all standard UPI transactions is ₹1 lakh, as set by NPCI regulations. This limit applies to person-to-person transfers and most other payment types.