As of September 15, 2025, the National Payments Corporation of India (NPCI) raised the daily UPI limit to ₹10 lakh specifically for Person-to-Merchant (P2M) transactions with verified merchants in specific categories, such as capital markets, insurance, and the Government e-Marketplace (GeM). The per-transaction limit for these payments is ₹5 lakh.
From Sept 16, UPI allows high-value payments up to ₹10 lakh for insurance, investments, travel, jewellery, and more, making large spends seamless. Starting September 16, India's most popular digital payments system, UPI, now supports much higher transaction limits.
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.
The National Payments Corporation of India (NPCI) has increased UPI transaction limits for specific categories, effective September 15. Tax payments, government e-marketplaces, and B2B transactions now have a Rs 5 lakh per-transaction 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.
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.
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 daily limit is set at ₹1,00,000 per day for standard transactions, as established by NPCI regulations. This means: Maximum daily transfer: ₹1 lakh across all UPI transactions. Limit applies to both Person-to-Person (P2P) and Person-to-Merchant (P2M) payments.
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.
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.
For all banks, the daily UPI transaction limit is ₹1 lakh (Rs 100,000), while new users begin with a limit of ₹5,000 for the first 24 hours. Banks can raise the UPI transaction limit based on the customer's risk profile. To initiate an increase, the customer can reach out to their bank and submit a request.
Yes, you can generally transfer 2 lakhs (Rs. 2,00,000) in one day in SBI. For Third Party Transfer within SBI, Interbank Transfer (NEFT or RTGS), the per-day limit is Rs.
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.
The National Payments Corporation of India (NPCI) has set the standard maximum daily UPI transaction limit for most banks at ₹1,00,000. Many major banks, including State Bank of India, HDFC Bank, ICICI Bank, and Axis Bank, implement this limit.
New users have a lower limit of up to ₹5,000 for the first 24 hours before the daily limit applies. To potentially increase the transaction limit beyond the standard amount, the bank must approve it, which is subject to the customer's risk profile.
To check this limit: Through UPI Apps: Look for the "Bank Account" or "Payment Methods" section in your UPI app (Google Pay, PhonePe, etc.) and look for per-day limit details. Bank's Mobile App: You can find your per-day limit under the UPI section in your bank's app.
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.
Regular UPI transactions have a maximum daily limit of ₹ 1 Lakh. UPI withdrawals from ATMs using UPI apps are limited to ₹ 10,000 per day. Bank UPI apps allow a total of 20 UPI transactions each day. Third-party UPI apps permit a maximum of 10 transactions per day.
Since these limits are set by the government, users cannot increase or make changes to the UPI limit. Users must adhere to the daily transaction limit guidelines.
Generally, you can transfer up to ₹1,00,000 (one lakh rupees) each day using Paytm. For specific payments, like fees for schools or hospitals, the limit might be higher.
Well, that depends on different scenarios. At times when you don't have cash while you travel or do grocery shopping, payment via UPI by scanning the code can be very useful. Credit Cards can be extremely useful when you want to meet any emergency or buy anything expensive.
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.
Although there are several ways to transfer large sums of money between bank accounts, such as a check or ACH transfer, a wire transfer is often considered the best choice.
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.