UPI transaction limits are set by the National Payments Corporation of India (NPCI) and cannot be removed entirely. The standard daily limit for most UPI transactions is ₹1,00,000. However, NPCI has enhanced limits for specific categories like insurance premiums, capital markets, and government payments, allowing transactions up to ₹5 lakh per transaction. Individual banks also retain the discretion to set their own internal limits within the NPCI's overall ceiling.
Related Questions