16/12/2022
According to NPCI rules, a person may send up to Rs 1 lakh via UPI each day. While major banks like SBI have set the daily UPI transaction limit at Rs 100,000, smaller banks like Canara Bank only allow Rs 25,000.
A user is permitted to send up to Rs 1 lakh using UPI each day, under NPCI regulations. The daily UPI transaction cap has been set at Rs 100,000 by major banks like SBI, but only Rs 25,000 is permitted by smaller banks like Canara Bank.
According to NPCI rules, a person may send up to Rs 1 lakh via UPI each day. Larger banks like SBI have set the daily UPI transaction limit at Rs 1,000,000 whereas smaller banks like Canara Bank only allow Rs 25,000. Banking institutions have different restrictions. In addition to the money transfer limits, there is a limit on the total number of UPI transfers that can be done in a single day. Using UPI, twenty transfers are allowed each day. After breaching the restriction, a 24-hour waiting period is required before it can be reinstated. However, the cap might change based on bank policies...
