What is the daily transaction limit for UPI?

The maximum daily transaction limit for UPI is ₹1,00,000 for standard Person-to-Person (P2P) and Person-to-Merchant (P2M) payments, according to NPCI regulations. However, for specific categories like IPO applications and RBI Retail Direct Scheme, the limit is higher at ₹5,00,000. Additionally, individual banks may set different daily or per-transaction caps.