Is it possible to increase the UPI limit?

Yes, the UPI limit can vary based on the type of transaction. While the general per-day limit is ₹1,00,000, specific categories like Initial Public Offering (IPO) applications and the RBI Retail Direct Scheme have a higher per-transaction limit of up to ₹5,00,000, as defined by NPCI/RBI guidelines. Additionally, certain banks may set their own lower daily limits.