UPI payment: Maximum limit is Rs 1 lakh/transaction but your bank may not allow it; know why – UPI transaction limits: All you need to know

Though there is a maximum limit of Rs 1 lakh per transaction via UPI for P2P transaction but your bank may not allow it. It is because UPI transaction limit will vary from one bank to another. For instance, the maximum limit of P2P UPI transactions is Rs 1 lakh or 20 transactions per bank account in 24 hours in HDFC Bank.

According to the ICICI Bank website, “The upper limit mandated by NPCI is Rs 1 lakh per transaction and Rs 1 lakh cumulative transaction value. A maximum of 10 transactions can be initiated in 24 hours from the first transaction.”