Why are there no specific transaction limits for UPI per year

UPI transactions have daily limits, but not yearly limits. This is because the focus is on managing how much money can be sent or received in a single day or for each transaction. For most banks, you can send up to ₹1 lakh per day. For special payments like those for educational institutions or hospitals, the daily limit can be higher, up to ₹5 lakh. This daily limit helps keep your money safe and makes sure large amounts are handled carefully.