Is the maximum UPI transaction limit the same for all banks

No, the maximum UPI transaction limit is not the same for all banks. While many banks have a general daily limit of ₹1 lakh, some banks have different limits. For example, some banks have a lower limit for new customers, and some cooperative banks have specific limits. Also, certain types of transactions, like tax payments, capital markets, foreign remittances, and insurance, can have higher limits.