UPI Transaction Limits and Charges: What You Need to Know
The UPI (Unified Payments Interface) transaction limits and charges can vary depending on the bank and the type of transaction. Here are some general guidelines:
Upi Transaction limit Per day
The UPI (Unified Payments Interface) transaction limit is set by the National Payments Corporation of India (NPCI) and is as follows:
- Maximum per Transaction Limit: ₹1 lakh
- Daily Transaction Limit: Varies by bank, typically between ₹1 lakh to ₹2 lakhs
- Number of Transactions per Day: Varies by bank, usually no limit
It’s important to note that these limits are subject to change and may vary based on the bank and the type of account you hold. It’s advisable to check with your bank for the most up-to-date information on UPI transaction limits.
UPI Transaction charges
Most banks do not charge any fees for UPI transactions. UPI transactions are typically free for customers, and there are no charges for transferring money from one bank account to another using UPI. However, there may be charges for certain types of transactions or if you exceed the monthly limit. It’s advisable to check with your bank for the latest information on charges related to UPI transactions.
Can third-party apps charge additional fees for UPI transactions?
Yes, third-party apps can charge additional fees for UPI transactions.
While most banks do not charge fees for UPI transactions,
some third-party apps or platforms may impose fees or charges for using their platform to make UPI transactions.
These fees can vary depending on the app or platform,
so it’s important to review the terms and conditions of the app or platform you are using for UPI transactions.
Frequently Asked question
The maximum transaction limit for UPI (Unified Payments Interface) payments is ₹1 lakh per transaction. However, individual banks may set lower limits for certain transactions,
so it’s best to check with your bank for specific limits.
Banks typically do not charge extra fees for UPI transactions to merchant accounts. UPI transactions to merchant accounts are treated similarly to regular UPI transactions, and there are no additional charges levied by banks for such transactions. However, merchants may have their own policies regarding transaction fees or charges for using their services, so it’s advisable to check with the merchant for any applicable fees.
