What is the UPI limit per day means 24 hours?

The general UPI limit per day (24 hours) is ₹1 lakh per account. This limit applies to person-to-person (P2P) and person-to-merchant (P2M) transactions. For specific categories like capital markets, insurance, and credit card payments, the limit is typically ₹2 lakh per transaction. Tax payments and certain other categories can have limits up to ₹5 lakh per transaction.