Are there different types of UPI limits?

Yes, there are different types of UPI limits. These include the UPI per-transaction limit and the daily transaction limit, both typically set at ₹1,00,000 for standard transactions according to NPCI guidelines. Higher limits, up to ₹5,00,000, apply for specific transactions like IPO applications and the RBI Retail Direct Scheme. Limits may also vary for services like UPI 123Pay or UPI Lite, and monthly limits can be set by individual banks.