UPI – Standardisation of Transaction Limits
NPCI – UPI Team vide Circular dt 24th September 2021 announced standardization of UPI Transaction limits.
The circular is addressed to UPI Member Banks, UPI PSPs, and UPI Third Party Application Providers.
The Go-Live date is 31st October 2021. This means from 1st November 2021; UPI end-users will experience the same kind of limits across all UPI Apps.
There are different limits for:
P2M Verified Specified Categories (OC 82, OC 96)
The limits for Category 01 transactions is Rs2,000/-
The limits for Category 02 transactions is Rs1,00,000/-
The limits for Category 03 transactions is Rs2,00,000/-
Read more about the limits at cashfree blog @ https://blog.cashfree.com/upi-transaction-limit-2020/
Disclaimer: These are my personal views only. The bottom line is Safe ePayments. Nothing more – Nothing less.