Can I transfer 2 lakh through UPI?

The UPI daily transaction limit for standard Person-to-Person (P2P) and Person-to-Merchant (P2M) transfers is ₹1 lakh, as set by NPCI regulations. Therefore, you cannot transfer ₹2 lakh in a single day for standard transactions. However, specific categories like Capital Markets, Insurance Premiums, or Government Collections may have a higher limit, typically ₹2 lakh or more.