Can I pay 2 lakh through UPI?

The UPI transaction limit per day, as set by NPCI, is generally ₹1 lakh. Therefore, a payment of ₹2 lakh is typically not possible for general transactions. However, the limit is ₹2 lakh for specific purposes such as capital markets, insurance, collections, and foreign inward remittances. The maximum limit can also vary based on your specific bank's policies.