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

New UPI Transaction Limit for Various Bank

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 the 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, has 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. Cheapest way of money transfer
  6. Daily transaction limit is much higher
  7. Money transfer is 24×7 available
  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-authorise 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 the UPI payments a maximum of 20 times per day.

Sr. No.Bank NamePer Transaction Limit (Rs)Per day limit (Rs)
1A P Mahesh Bank25,0001,00,000
2Abhyudaya Co-operative Bank25,00025,000
3Adarsh Co-op Bank50,00050,000
4Aditya Birla Idea Payments Bank1,00,0001,00,000
5Airtel Payments Bank1,00,0001,00,000
6Allahabad Bank25,0001,00,000
7Allahabad UP Gramin Bank25,0001,00,000
8Andhra Bank1,00,0001,00,000
9Andhra Pradesh Grameen Vikas Bank25,00025,000
10Andhra Pragathi Grameena Bank10,00020,000
11Apna Sahakari Bank1,00,0001,00,000
12Assam Grameen Bank5,00025,000
13Axis Bank1,00,0001,00,000
14Bandhan Bank1,00,0001,00,000
15Bank of Baroda25,00050,000
16Bank of Maharashtra10,00020,000
17Baroda Gujarat Gramin Bank25,000NA
18Baroda Uttar Pradesh Gramin Bank25,0001,00,000
19Bassein Catholic Co-op Bank20,00040,000
20Bihar Gramin Bank1,00,0001,00,000
21Bank of India – BOI10,0001,00,000
22Canara Bank1,00,0001,00,000
23Catholic Syrian Bank1,00,0001,00,000
24Central Bank of India25,00050,000
25Chaitanya Godavari Gramin Bank25,0001,00,000
26Chhattisgarh Rajya Gramin Bank25,00025000
27Citibank1,00,0001,00,000
28Corporation Bank50,0001,00,000
29Cosmos Co-operative Bank10,00050,000
30City Union Bank1,00,0001,00,000
31DBS Bank1,00,0001,00,000
32DCB Bank25,00025,000
33Dena Bank1,00,0001,00,000
34Deutsche Bank AG1,00,000NA
35Dhanlaxmi Bank50,0001,00,000
36Dombivli Nagri Sahakari Bank1,00,0001,00,000
37Equitas Small Finance Bank Payments Bank1,00,0001,00,000
38FINO Payments Bank1,00,000NA
39Federal bank1,00,0001,00,000
40G P Parsik Bank50,0001,00,000
41Gujarat State Bank25,00050,000
42Hasti Co-operative Bank Ltd1,00,0001,00,000
43HDFC Bank1,00,0001,00,000
44HSBC Bank1,00,0001,00,000
45Indian Bank1,00,0001,00,000
46ICICI Bank10,00010,000
47IDBI Bank25,00050,000
48IDFC Bank1,00,0001,00,000
49India Post Payment Bank25,00050,000
50IndusInd Bank1,00,0001,00,000
51Indian Overseas Bank – IOB50,0001,00,000
52Janta Sahakari Bank1,00,0001,00,000
53J&K Grameen Bank20,00020,000
54Jalgaon Janata Sahakari Bank1,00,0001,00,000
55Jammu & Kashmir Bank20,00020,000
56Jana Small Finance Bank10,00040,000
57Jio Payments Bank1,00,0001,00,000
58Kallapanna25,0001,00,000
59Karnataka Bank1,00,0001,00,000
60Karnataka Vikas25,00025,000
61Karur Vysya Bank1,00,0001,00,000
62Kaveri Grameena Bank25,00025,000
63Kerala Grameen Bank**10-50,00050,000
64Kotak Mahindra Bank25,00050,000
65Lakshmi Vilas Bank Limited1,00,0001,00,000
66Langpi Dehangi Rural Bank25,00025,000
67Mahanagar Bank25,0001,00,000
68Maharashtra Grameen Bank25,00025,000
69Malwa Gramin Bank25,00025,000
70Meghalaya Rural Bank25,00025,000
71Mehsana Urban co-operative Bank1,00,0001,00,000
72Mizoram Rural Bank25,0001,00,000
73NKGSB Co-op Bank Ltd20,00040,000
74Oriental Bank of Commerce1,00,0001,00,000
75Punjab National Bank – PNB1,00,0001,00,000
76Punjab and Maharashtra Co-Op Bank1,00,0001,00,000
77Paytm Payments Bank1,00,000NA
78Pragathi Krishna Grameen Bank*10-20,00020,000
79Prathma Bank25,00025,000
80Punjab & Sind Bank – PSB25,00025,000
81Purvanchal Bank25,00025,000
82Rajasthan Marudhar25,00025,000
83Rajkot nagrik Bank1,00,0001,00,000
84Ratnakar Bank Limited – RBL50,0001,00,000
85Samruddhi Co-op Bank50,00050,000
86Saraswat Co-op Bank1,00,00050,000
87Saurashtra Gramin Bank25,00025,000
88State Bank of India – SBI1,00,0001,00,000
89South Indian Bank1,00,0001,00,000
90Standard Charter Bank1,00,000NA
91Standard Chartered Bank1,00,0001,00,000
92Suco Souharda Sahakari Bank1,00,0001,00,000
93Surat People Cooperative Bank1,00,0001,00,000
94SVC Co-operative Bank10,00020,000
95Syndicate bank50,00050,000
96Telangana Gramin Bank25,00025,000
97Thane Bharat Sahakari Bank50,0001,00,000
98Thane Janta sahakari Bank1,00,0001,00,000
99Jammu and Kashmir Bank25,00025,000
100Kalyan janta sahakari Bank1,00,0001,00,000
101Sutex Co – Op Bank2,00,0002,00,000
102Tamilnad Mercantile Bank20,0001,00,000
103Tripura Gramin Bank10,00010,000
104UCO Bank1,00,0001,00,000
105Ujjivan Small Finance Bank50,0001,00,000
106Union Bank of India1,00,0001,00,000
107United Bank of India1,00,00025,000
108Uttarakhand Gramin Bank25,00025,000
109Vananchal Gramin Bank25,00025,000
110Varanchha Bank20,00040,000
111Vijaya bank50,00050,000
112Vishveshwar Co opp Bank1,00,0001,00,000
113Vasai Vikas Sahakari Bank1,00,0001,00,000
114Yes bank1,00,0001,00,000

Google Pay UPI limit

Another platform that supports the Unified Payments Interface is Google Pay, or GPay (UPI). In order 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 utilised, 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.

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

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