Daily UPI limit set by HDFC, SBI, ICICI and other banks

Unified Payments Interface (UPI) transactions have grown exponentially in India in the past few years. In 2022, UPI payments and card transactions hit a milestone of Rs 149.5 lakh crore. These numbers show the growing popularity and acceptance of digital payments in the country. While the UPI offers convenience, and has become one of the most-popular payment modes, there’s also the risk of cybercrime. UPI-related frauds have been on the rise. To check the number of transactions and reduce the risk of big financial frauds, leading banks including HDFC Bank, State Bank of India (SBI), Axis Bank and ICICI Bank have implemented some restrictions on UPI transactions. These come as the National Payments Corporation of India (NPCI) has set guidelines to regulate the expanding digital payment ecosystem.

What NPCI has to say about UPI transaction limits
NPCI has specified in its guidelines that individuals can initiate UPI payments up to Rs 1 lakh per day. However, this limit varies across different banks.