What factors influence UPI transaction limits?

UPI transaction limits are primarily influenced by regulations from the National Payments Corporation of India (NPCI) and the specific bank you use. Limits also vary based on the transaction type, with higher caps for certain categories like IPO applications (up to ₹5 lakh) compared to standard transactions (generally up to ₹1 lakh per day and per transaction). Banks may set their own daily and per-transaction limits.