Meaning
This section explains the restrictions placed on transactions made using UPI QR codes.Definition of the Limit
A UPI transaction limit for QR payments refers to the maximum amount of money a user can send or receive via a QR code scan in a single instance or within a defined period.Types of Limits
Limits can be set per transaction, daily, or monthly. These vary based on the bank, app provider, and the type of UPI payment (e.g., person-to-merchant).Purpose of the Limit
These limits protect users from fraud and mitigate risks associated with large transactions, ensuring the security and integrity of the digital payment system.Author
