Does UPI have a transaction limit?

Yes, UPI has transaction limits defined by the NPCI and individual banks. For standard peer-to-peer transfers, the limit is generally ₹1 lakh per day. However, specific categories have higher limits:

• Hospitals and Educational Institutions: Up to ₹5 lakh per transaction.
• IPO and RBI Retail Direct: Up to ₹5 lakh per transaction.
• Verified Merchants: Up to ₹5 lakh per transaction for travel, insurance, and taxes, with a daily aggregate of ₹10 lakh.

Transaction count is also typically capped at 20 per day per bank account.