Can we transfer 2 lakhs through UPI?

The standard per-transaction limit for general Unified Payments Interface (UPI) transfers, such as P2P (Person to Person) and most P2M (Person to Merchant) transactions, is ₹1 Lakh. However, a transfer of ₹2 Lakh (2 lakhs) is possible for specific categories. These high-value transactions include payments related to capital markets, insurance, credit card payments, and loan repayments, where the per-transaction limit is set at ₹2 Lakh.