New UPI Transaction Limit [2022] – SBI, HDFC & 100+ Other Banks

In this digital era, UPI payments hold great significance in our lives. The Reserve Bank of India regulates all Unified Payments Interface (UPI) established by the National Payments Corporation of India (NPCI) to ensure the security and safety of all transactions. The NPCI has established transaction restrictions for UPI.

If you are new to this digital payment system or want to know more about it, then this article will be helpful to you.

What is UPI?

UPI, which stands for Unified Payment Interface, is a digital payment system that offers a quick and secure fund transfer between two accounts. With UPI, we accept and transfer across any bank quickly without adding bank details like account holder name, bank name, IFSC code, account number, account type, and many more.

Dr. Raghuram Rajan, the Governor of the Reserve Bank of India, introduced the “UPI” as a pilot project with 21 banks on April 11, 2016.

Benefits of UPI

1. Superfast fund transfer
2. Easy to link all your accounts to one ID on the UPI app
3. Single click 2 factors authentication for higher safety
4. Only requires a virtual “UPI ID” for the transaction
5. The cheapest way of money transfer
6. Daily transaction limit is much higher
7. Money transfer is available 24 hours a day.
8. No need for pre-addition/approval of the beneficiary

What is UPI 2.0?

UPI 2.0 was released on August 16, 2018, allowing users to link their Overdraft accounts to a UPI handle. Users might also issue a mandate for a certain merchant to pre-authorize transactions. The 2.0 version included the ability to see and save transaction invoices. There’s also the option to set up AutoPay for regular payments.

UPI Transaction Limit in 2022

The new year brought many updates in the digital world. Many banks have raised their money transfer limits for UPI. Let’s check the new UPI transaction limit based on different banks and digital payment platforms.

UPI transaction limit per day

Every bank sets its own daily transaction limit, which differs from bank to bank. For example, the daily UPI transaction limit in SBI is Rs 1,00,000, whereas the UPI transaction limit in the Bank of Baroda is Rs 50,000.

Also, there is a limit on the number of UPI transactions per day. You can use UPI payments a maximum of 20 times per day.

Sr. No.	Bank Name	Per Transaction Limit (Rs)	Per day limit (Rs)
1	A P Mahesh Bank	25,000	1,00,000
2	Abhyudaya Co-operative Bank	25,000	25,000
3	Adarsh Co-op Bank	50,000	50,000
4	Aditya Birla Idea Payments Bank	1,00,000	1,00,000
5	Airtel Payments Bank	1,00,000	1,00,000
6	Allahabad Bank	25,000	1,00,000
7	Allahabad UP Gramin Bank	25,000	1,00,000
8	Andhra Bank	1,00,000	1,00,000
9	Andhra Pradesh Grameen Vikas Bank	25,000	25,000
10	Andhra Pragathi Grameena Bank	10,000	20,000
11	Apna Sahakari Bank	1,00,000	1,00,000
12	Assam Grameen Bank	5,000	25,000
13	Axis Bank	1,00,000	1,00,000
14	Bandhan Bank	1,00,000	1,00,000
15	Bank of Baroda	25,000	50,000
16	Bank of Maharashtra	10,000	20,000
17	Baroda Gujarat Gramin Bank	25,000	NA
18	Baroda Uttar Pradesh Gramin Bank	25,000	1,00,000
19	Bassein Catholic Co-op Bank	20,000	40,000
20	Bihar Gramin Bank	1,00,000	1,00,000
21	Bank of India – BOI	10,000	1,00,000
22	Canara Bank	1,00,000	1,00,000
23	Catholic Syrian Bank	1,00,000	1,00,000
24	Central Bank of India	25,000	50,000
25	Chaitanya Godavari Gramin Bank	25,000	1,00,000
26	Chhattisgarh Rajya Gramin Bank	25,000	25000
27	Citibank	1,00,000	1,00,000
28	Corporation Bank	50,000	1,00,000
29	Cosmos Co-operative Bank	10,000	50,000
30	City Union Bank	1,00,000	1,00,000
31	DBS Bank	1,00,000	1,00,000
32	DCB Bank	25,000	25,000
33	Dena Bank	1,00,000	1,00,000
34	Deutsche Bank AG	1,00,000	NA
35	Dhanlaxmi Bank	50,000	1,00,000
36	Dombivli Nagri Sahakari Bank	1,00,000	1,00,000
37	Equitas Small Finance Bank Payments Bank	1,00,000	1,00,000
38	FINO Payments Bank	1,00,000	NA
39	Federal bank	1,00,000	1,00,000
40	G P Parsik Bank	50,000	1,00,000
41	Gujarat State Bank	25,000	50,000
42	Hasti Co-operative Bank Ltd	1,00,000	1,00,000
43	HDFC Bank	1,00,000	1,00,000
44	HSBC Bank	1,00,000	1,00,000
45	Indian Bank	1,00,000	1,00,000
46	ICICI Bank	10,000	10,000
47	IDBI Bank	25,000	50,000
48	IDFC Bank	1,00,000	1,00,000
49	India Post Payment Bank	25,000	50,000
50	IndusInd Bank	1,00,000	1,00,000
51	Indian Overseas Bank – IOB	50,000	1,00,000
52	Janta Sahakari Bank	1,00,000	1,00,000
53	J&K Grameen Bank	20,000	20,000
54	Jalgaon Janata Sahakari Bank	1,00,000	1,00,000
55	Jammu & Kashmir Bank	20,000	20,000
56	Jana Small Finance Bank	10,000	40,000
57	Jio Payments Bank	1,00,000	1,00,000
58	Kallapanna	25,000	1,00,000
59	Karnataka Bank	1,00,000	1,00,000
60	Karnataka Vikas	25,000	25,000
61	Karur Vysya Bank	1,00,000	1,00,000
62	Kaveri Grameena Bank	25,000	25,000
63	Kerala Grameen Bank	**10-50,000	50,000
64	Kotak Mahindra Bank	25,000	50,000
65	Lakshmi Vilas Bank Limited	1,00,000	1,00,000
66	Langpi Dehangi Rural Bank	25,000	25,000
67	Mahanagar Bank	25,000	1,00,000
68	Maharashtra Grameen Bank	25,000	25,000
69	Malwa Gramin Bank	25,000	25,000
70	Meghalaya Rural Bank	25,000	25,000
71	Mehsana Urban co-operative Bank	1,00,000	1,00,000
72	Mizoram Rural Bank	25,000	1,00,000
73	NKGSB Co-op Bank Ltd	20,000	40,000
74	Oriental Bank of Commerce	1,00,000	1,00,000
75	Punjab National Bank – PNB	1,00,000	1,00,000
76	Punjab and Maharashtra Co-Op Bank	1,00,000	1,00,000
77	Paytm Payments Bank	1,00,000	NA
78	Pragathi Krishna Grameen Bank	*10-20,000	20,000
79	Prathma Bank	25,000	25,000
80	Punjab & Sind Bank – PSB	25,000	25,000
81	Purvanchal Bank	25,000	25,000
82	Rajasthan Marudhar	25,000	25,000
83	Rajkot nagrik Bank	1,00,000	1,00,000
84	Ratnakar Bank Limited – RBL	50,000	1,00,000
85	Samruddhi Co-op Bank	50,000	50,000
86	Saraswat Co-op Bank	1,00,000	50,000
87	Saurashtra Gramin Bank	25,000	25,000
88	State Bank of India – SBI	1,00,000	1,00,000
89	South Indian Bank	1,00,000	1,00,000
90	Standard Charter Bank	1,00,000	NA
91	Standard Chartered Bank	1,00,000	1,00,000
92	Suco Souharda Sahakari Bank	1,00,000	1,00,000
93	Surat People Cooperative Bank	1,00,000	1,00,000
94	SVC Co-operative Bank	10,000	20,000
95	Syndicate bank	50,000	50,000
96	Telangana Gramin Bank	25,000	25,000
97	Thane Bharat Sahakari Bank	50,000	1,00,000
98	Thane Janta sahakari Bank	1,00,000	1,00,000
99	Jammu and Kashmir Bank	25,000	25,000
100	Kalyan janta sahakari Bank	1,00,000	1,00,000
101	Sutex Co – Op Bank	2,00,000	2,00,000
102	Tamilnad Mercantile Bank	20,000	1,00,000
103	Tripura Gramin Bank	10,000	10,000
104	UCO Bank	1,00,000	1,00,000
105	Ujjivan Small Finance Bank	50,000	1,00,000
106	Union Bank of India	1,00,000	1,00,000
107	United Bank of India	1,00,000	25,000
108	Uttarakhand Gramin Bank	25,000	25,000
109	Vananchal Gramin Bank	25,000	25,000
110	Varanchha Bank	20,000	40,000
111	Vijaya bank	50,000	50,000
112	Vishveshwar Co opp Bank	1,00,000	1,00,000
113	Vasai Vikas Sahakari Bank	1,00,000	1,00,000
114	Yes bank	1,00,000	1,00,000

Google Pay UPI limit

Another platform that supports the Unified Payments Interface is Google Pay, or GPay (UPI). To make transactions in the country, the app utilizes UPI. And some other UPI applications have a maximum money transfer limit from one UPI ID to another.

Here’s all you need to know about Google Pay’s daily transaction limit.

• The app allows daily transactions of a maximum of 1 lakh.
• With GPay, you can transfer money up to 10 times per day.
• You can request money up to Rs. 2000 daily from another GPay user.

PhonePe Transaction Limit Per Day

The daily limit for PhonePe transactions is Rs. 1 lakh. Furthermore, PhonePe allows you to conduct 20 transactions every day. The Phonepe app allows you to request money up to Rs. 2000.

Conclusion

The Unified Payments Interface (UPI) is a real-time payment method that allows you to send and receive money from one bank account to another. Any UPI client app can be utilized, and each app can be linked to several bank accounts. 

Money can be transmitted or requested using a user-created Virtual Payment Address (VPA) or UPI ID, which enables users to send or request money from a bank account using a KYC-linked mobile phone. 

In this pandemic, UPI has proven to be the best payment option by providing contactless payment with a unique QR code for each user account.