CATEGORY - UPI
Check bank UPI transactions limits: Max transactions
UPI - 3 Dec, 2023
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Table of Contents
Understanding UPI transaction limits and their banking implications
UPI, or Unified Payments Interface, is a real-time payment system developed by the National Payments Corporation of India (NPCI). It allows users to make instant payments to merchants and individuals using their bank accounts. UPI has become India’s most popular payment method, with over 250 million users.
The NPCI sets UPI transaction limits. The daily UPI transaction limit for all users is Rs. 1 lakh (Rs 100,000). This limit applies to both P2P and P2M transactions. The daily transaction limit for new users is Rs. 5,000.
There are a few reasons for UPI transaction limits. One reason is to protect users from fraud. By limiting the amount of money that can be transferred in a day, UPI helps to reduce the risk of fraud. Another reason for UPI transaction limits is to manage liquidity. By limiting the amount of money that can be transferred in a day, UPI helps to ensure that banks have enough liquidity to meet customer demands..
UPI transaction limits have implications for banks. Banks need to be aware of the UPI transaction limits when processing payments. They also need to have systems in place to manage UPI transactions and to prevent fraud.
Additional facts about UPI:
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The UPI ecosystem in India has increased in recent years. In October2023, UPI processed 11 billion transactions valued at Rs.17.16 lakh crore.
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The number of UPI users in India is expected to reach 500 million by 2025.
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UPI is India's most popular payment method for P2P and P2M transactions.
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UPI is a secure, cost-effective payment method for both banks and merchants.
Why UPI?
Unified Payments Interface (UPI) is an instant payment system by the National Payments Corporation of India (NPCI). UPI empowers seamless transactions, offering convenience, security, and speed. Utilizing mobile phones, users make instant payments to both merchants and individuals. With over 250 million users, UPI's popularity stems from its accessibility, robust security with two-factor authentication, swift processing, and affordability—no transaction fees for P2P transactions under Rs. 2,000.
The benefits of UPI extend further
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UPI is available 24/7, ensuring payment flexibility.
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It's embraced by various merchants and services, both online and offline.
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UPI's user-friendly nature caters to all levels of tech familiarity.
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Security is reinforced with two-factor authentication.
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UPI is cost-effective, enhancing its appeal to the masses.
UPI's journey toward dominance is apparent in revolutionizing India's payment landscape.
How UPI works and Its uniqueness for online money transfer
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Mobile devices facilitate 24/7 money transfers.
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One mobile application grants access to multiple bank accounts.
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It aligns with regulatory guidelines while offering seamless single-click payments.
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Incremental security is ensured through the customer's virtual address for Pull & Push transactions, eliminating the need for card numbers, account numbers, or IFSC codes.
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Any QR code suffices for UPI transactions.
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Accepting payments via a single application or in-app is possible.
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Multiple billing payments, including utility bills via QR codes (scan and pay) and over-the-counter payments, can be executed..
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It scales effectively for donations, collections, and disbursements.
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Raising a complaint is straight forward via the mobile app.
The UPI transaction engages the following parties
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1. NPCI
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2. Remitter Bank
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3. Beneficiary Bank
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4. Payee PSP
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5. Payer PSP
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6. Bank Account Holders
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7. Merchants
Using UPI as a payment method entails transaction limits
Easebuzz enables diverse payment methods for your customers, each with distinct transaction limits due to regulations from Indian banking partners.
NPCI, the RBI-regulated entity behind UPI, has set a Rupees 1 Lakh transaction limit.
In 2022, UPI's transaction limits saw an increase for IPOs (Initial Public Offerings) and RDSs (Retail Direct Scheme).
The NPCI circular on December 9, 2021, establishes a maximum limit of five lakh rupees for UPI transactions. Initial Public Offerings (IPO) and Retail Direct Schemes (RDS) are capped at five lakhs rupees:
UPI transaction category | UPI transaction type | UPI transaction limits |
---|---|---|
P2P/P2PM | QR share, Pay, and Collect, Share Intent Link |
Indian Rupee 2000/- |
P2M |
Offline Non-verified, QR share, Pay, and Collect, Share Intent Link |
Indian Rupee 2000/- |
P2P/P2PM |
Pay |
Indian Rupee 1,00,000/- |
P2M |
All |
Indian Rupee 1,00,000/- |
P2M |
'Verified Specific Categories – OC 82, OC 96' |
[Specific merchant categories] |
*Please note the circular issued by NPCI on September 24, 2021, outlining essential standards for UPI transaction limits.
Here's a breakdown of UPI transaction limits based on different categories and types, denominated in Indian Rupees:
UPI Transaction Category | UPI transaction type | UPI transaction limits |
---|---|---|
P2P/P2PM | QR share, Pay, and Collect, Share Intent Link |
Indian Rupee 2000/- |
P2M |
Offline Non-verified, QR share, Pay, and Collect, Share Intent Link |
Indian Rupee 2000/- |
P2P/P2PM |
Pay |
Indian Rupee 1,00,000/- |
P2M |
All |
Indian Rupee 1,00,000/- |
P2M |
'Verified Specific Categories – OC 82, OC 96' |
Indian Rupee 2,00,000/- |
IPOs & RDS |
Investment in government securities |
Indian Rupee 5,00,000/- |
P2PM |
Small merchants and unorganized retailers |
Indian Rupee 1,00,000/- |
Merchant-verified status by acquiring banks includes adding a merchant to the list, encompassing specific categories like capital markets, collections, insurances, and pre-approval disbursements.
Please note UPI transaction limits may vary across banks despite RBI's efforts toward standardization.
Big News for Education & Healthcare: UPI Transaction Limit Increased to Rs 5 Lakh
Good news for students, parents, and patients! The Reserve Bank of India (RBI) has proposed a significant increase in the transaction limit for Unified Payments Interface (UPI) payments to educational institutions and hospitals. This means you can now make payments of up to Rs 5 lakh using UPI instead of the previous limit of Rs 1 lakh.
What are the benefits?
This move is expected to significantly improve the convenience and ease of making payments for education and healthcare services. Here’s how it benefits different stakeholders:
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Pay for higher education fees seamlessly.
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Make large payments for boarding schools or tuition fees without requiring multiple transactions.
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Increased flexibility and convenience when managing educational expenses.
Students and Parents:
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Handle larger medical bills efficiently without cash or multiple transactions.
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Make emergency payments smoothly during critical situations.
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Enhance the overall experience for patients and improve hospital efficiency.
Hospitals and Patients:
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Increasing the e-mandate limit for recurring payments to Rs 1 lakh: This will simplify payments for mutual funds, insurance premiums, and credit card bills.
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Issuing separate instructions regarding these changes soon: Stay tuned for further details and implementation timelines.
Additionally, the RBI has also proposed:
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Promote financial inclusion and ease financial transactions.
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Adapt to the evolving digital landscape and encourage digital payments.
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Make critical services like education and healthcare more accessible and efficient.
Overall, these changes reflect the RBI's commitment to:
This is a welcome move that will benefit students, parents, patients, and healthcare institutions alike. Stay informed about the upcoming instructions and enjoy the convenience of making large payments through UPI!
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Maximum Transfer Amount: UPI restricts transfers to an entire sum.
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Daily Transaction Frequency: Users can perform a specific number of UPI transactions daily.
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Real-time UPI Network Transactions: UPI facilitates instant transactions across networks.
Let’s categorize UPI transaction limits as follows:
For instance, in SBI, daily UPI transactions can reach up to Rs 10,00,000. However, the cap for merchant and bill payments is Rs 5,00,000/-.
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In Canara Bank's UPI application, customers can pay and send up to Rs. 1,00,000/- per transaction daily.
Let’s categorize UPI transaction limits as follows:
The UPI transaction limits for bank of baroda with UPI ID:
Services | No. of transactions in a day | Minimum amount | Max amount per transaction | Max amount per day |
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Fund transfer | 10 |
Rs. 1 |
Rs. 1,00,000 |
Rs. 1,00,000 |
Fund transfer (after setting/resetting UPI PIN) |
1 (till 24 hrs. of the cooling period) |
Rs. 1 |
Rs. 5,000 |
Rs. 5,000 |
IPO (ASBA) |
Not Applicable |
Not Applicable |
Rs. 5,000 |
Not Applicable |
USSD (*99#) |
10 |
Rs. 1 |
Rs. 5,000 |
Rs. 5,000 |
Merchant transactions |
10 |
Rs. 1 |
Rs. 2,000 (Online Collect for Un-verified Merchants) Rs.1,00,000 for others, Rs. 2,00,000 for Specific MCCs | Rs. 1,00,000, Rs. 6,00,000 for Specific MCCs |
Axis bank UPI transaction limit, including BHIM Axis pay
Axis Bank offers a UPI transaction limit of Rupees 1,00,000/- through the BHIM Axis Pay app. The IPO limit stands at Rupees 5,00,000/-. A maximum of 10 daily transactions, including merchant and bill payments, is allowed. You can request up to rupees 2,000 per transaction, with a maximum of 5 such transactions.
Canara bank with UPI ID transactions limits:
Canara Bank sets the UPI transaction limit at Rupees 1,00,000 per transaction or day. There is no minimum transaction limit imposed.
UPI transaction limits set by banks in India
Bank Name |
Bank type |
Sponsor bank |
UPI transaction limit |
UPI daily limit |
Abhyudaya Co-operative Bank |
Cooperative |
NA |
25000 |
25000 |
Adarsh Co-op Bank Ltd |
Cooperative |
HDFC Bank |
50000 |
50000 |
Aditya Birla Idea Payments Bank |
Payments Bank |
NA |
100000 |
100000 |
Airtel Payments Bank |
Payments Bank |
NA |
100000 |
100000 |
Allahabad Bank |
Public Sector Bank |
NA |
25000 |
100000 |
Allahabad UP Gramin Bank |
RRB |
Allahabad |
20000 |
40000 |
Andhra Bank |
Public Sector Bank |
NA |
100000 |
100000 |
Andhra Pradesh Grameena Vikas Bank |
RRB |
SBI |
25000 |
100000 |
Andhra Pragathi Grameena Bank |
RRB |
NA |
10000 |
20000 |
Apna Sahakari Bank |
Cooperative |
NA |
100000 |
100000 |
Assam Gramin VIkash Bank |
RRB |
United Bank of India |
5000 |
25000 |
Axis Bank |
Private |
NA |
100000 |
100000 |
Bandhan Bank |
Private |
NA |
100000 |
100000 |
Bank Of Baroda |
Public Sector Bank |
NA |
25000 |
Not set |
Bank Of India |
Public Sector Bank |
NA |
10000 |
100000 |
Bank of Maharashtra |
Public Sector Bank |
NA |
100000 |
100000 |
Baroda Gujarat Gramin Bank |
RRB |
Bank of Baroda |
25000 |
Not Set |
Baroda Rajasthan Kshetriya Gramin Bank |
RRB |
BOB |
25000 |
25000 |
Baroda Uttar Pradesh Gramin Bank |
RRB |
Bank of Baroda |
25000 |
25000 |
Bassein Catholic Coop Bank |
Cooperative |
NA |
20000 |
40000 |
Bhilwara Urban Co operative Bank LTD |
Cooperative |
HDFC |
25000 |
25000 |
Bihar Gramin Bank |
RRB |
UCO |
Merged with DBGB |
|
Canara Bank |
Public Sector Bank |
NA |
100000 |
100000 |
Catholic Syrian Bank |
Private |
NA |
100000 |
100000 |
Central Bank of INDIA |
Public Sector Bank |
NA |
100000 |
100000 |
Chaitanya Godavari Grameena Bank |
RRB |
Andhra Bank |
25000 |
100000 |
Chhattisgarh Rajya Gramin Bank |
RRB |
SBI |
25000 |
100000 |
Citibank Retail |
Foreign Bank |
NA |
100000 |
100000 |
City Union Bank |
Private |
NA |
100000 |
100000 |
COASTAL LOCAL AREA BANK LTD |
Cooperative |
BOM |
50000 |
100000 |
Corporation Bank |
Public Sector Bank |
NA |
50000 |
100000 |
DBS Digi Bank |
Foreign Bank |
NA |
100000 |
100000 |
DCB Bank |
Private |
NA |
5000 |
5000 |
Dena Bank |
Public Sector Bank |
NA |
100000 |
100000 |
Dena Gujarat Gramin Bank |
RRB |
Dena |
NA (Merged) |
|
Deutsche Bank AG (Web Collect) |
Foreign Bank |
NA |
NA |
|
Dhanlaxmi Bank Ltd |
Private |
NA |
100000 |
100000 |
Dombivli Nagrik Sahakari Bank |
Cooperative |
NA |
100000 |
100000 |
Equitas Small Finance Bank |
Small Finance Bank |
NA |
25000 |
100000 |
ESAF Small Finance Bank |
Small Finance Bank |
NA |
100000 |
100000 |
Federal Bank |
Private |
NA |
100000 |
100000 |
FINO Payments Bank |
Payments Bank |
NA |
100000 |
100000 |
G P Parsik Bank |
Cooperative |
NA |
100000 |
100000 |
HDFC |
Private |
NA |
100000 |
100000 |
(RS 5000 for new customer) |
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Himachal Pradesh Gramin Bank |
RRB |
PNB |
50000 |
50000 |
HSBC |
Foreign Bank |
NA |
100000 |
100000 |
Hutatma Sahakari Bank Ltd |
Cooperative |
ICICI Bank |
100000 |
No limit |
ICICI Bank |
Private |
NA |
100000 |
100000 |
IDBI Bank |
Public Sector Bank |
NA |
100000 |
100000 |
IDFC |
Private |
NA |
25000 |
100000 |
India Post Payment Bank |
Payments Bank |
NA |
25000 |
50000 |
Indian Bank |
Public Sector Bank |
NA |
100000 |
100000 |
Indian Overseas Bank |
Public Sector Bank |
NA |
50000 |
100000 |
IndusInd Bank |
Private |
NA |
100000 |
100000 |
J&K Grameen Bank |
RRB |
J&K |
20000 |
20000 |
Jalgaon Janata Sahakari Bank |
Cooperative |
NA |
100000 |
100000 |
Jammu & Kashmir Bank |
Private |
NA |
20000 |
20000 |
Jana Small Finance Bank |
Small Finance Bank |
NA |
10000 |
40000 |
Janata Sahakari Bank Pune |
Cooperative |
NA |
100000 |
100000 |
Jio Payments Bank |
Payments Bank |
NA |
100000 |
100000 |
Kallappanna Awade Ichalkaranji Janata Sahakari Bank Ltd. |
Cooperative |
NA |
25000 |
200000 |
Karnataka Bank |
Private |
NA |
100000 |
200000 |
Karnataka vikas Gramin Bank |
RRB |
NA |
25000 |
25000 |
Karur Vysaya Bank |
Private |
NA |
100000 |
100000 |
Kashi Gomti Samyut Gramin Bank |
RRB |
NA |
100000 |
100000 |
Kaveri Grameena Bank |
RRB |
SBI |
25000 |
25000 |
Kerala Gramin Bank |
RRB |
NA |
20000 |
20000 |
Kotak Mahindra Bank |
Private |
NA |
100000 |
100000 |
Langpi Dehangi Rural Bank |
RRB |
SBI |
10000 |
100000 |
Madhya Bihar Gramin Bank |
RRB |
PNB |
25000 |
100000 |
Maharashtra Gramin Bank |
RRB |
BOM |
25000 |
100000 |
Maharashtra state co op Bank |
Cooperative |
NA |
5000 |
50000 |
Malwa Gramin Bank (Bank merged with Punjab Gramin Bank) |
RRB |
SBI |
10000 |
25000 |
Manipur Rural Bank |
RRB |
SBI |
10000 |
10000 |
Maratha co-op Bank |
Cooperative |
NA |
100000 |
100000 |
Meghalaya Rural Bank |
Foreign Bank |
SBI |
100000 |
100000 |
Mizoram Rural Bank |
RRB |
SBI |
25000 |
100000 |
NKGSB Co-op. Bank Ltd. |
Cooperative |
NA |
20000 |
40000 |
Oriental Bank of Commerce |
Public Sector Bank |
NA |
100000 |
100000 |
Paschim Banga Gramin Bank |
RRB |
UCO |
5000 |
25000 |
Paytm Payments Bank |
Payments Bank |
NA |
100000 |
100000 |
Pragathi Krishna Gramin Bank |
RRB |
NA |
20000 |
20000 |
Prathama Bank |
RRB |
NA |
10000 |
50000 |
Punjab and Maharashtra Co. bank |
Cooperative |
NA |
100000 |
100000 |
Punjab and Sind Bank |
Public Sector Bank |
NA |
10000 |
10000 |
Punjab Gramin Bank |
RRB |
PNB |
10000 |
25000 |
Punjab National Bank |
Public Sector Bank |
NA |
25000 |
50000 |
Purvanchal Bank |
RRB |
SBI |
25000 |
100000 |
Rajasthan Marudhara Gramin Bank |
RRB |
SBI |
25000 |
25000 |
Rajkot Nagarik Sahakari Bank Ltd |
Cooperative |
NA |
100000 |
100000 |
Samruddhi Co-op bank ltd |
Cooperative |
TJSB |
100000 |
100000 |
Sarva Haryana Gramin Bank |
RRB |
PNB |
50000 |
100000 |
Sarva UP Gramin Bank |
RRB |
PNB |
50000 |
100000 |
Saurashtra Gramin Bank |
RRB |
SBI |
20000 |
100000 |
Shree Kadi Nagarik Sahakari Bank Ltd. |
Cooperative |
Yes Bank |
100000 |
100000 |
South Indian Bank |
Private |
NA |
100000 |
100000 |
Standard Chartered |
Foreign Bank |
NA |
100000 |
100000 |
State Bank Of India |
Public Sector Bank |
NA |
100000 |
100000 |
Suco Souharda Sahakari bank |
Cooperative |
ICICI Bank |
100000 |
100000 |
Suryoday Small Finance Bank Ltd |
Small Finance Bank |
NA |
100000 |
100000 |
Suvarnayug Sahakari Bank ltd |
Cooperative |
HDFC |
100000 |
100000 |
Syndicate Bank |
Public Sector Bank |
NA |
10000 |
100000 |
Tamilnadu Mercantile Bank |
Private |
NA |
100000 |
100000 |
Telangana Gramin Bank |
RRB |
SBI |
25000 |
100000 |
Telangana State Co Operative Apex Bank |
Cooperative |
IDBI |
10000 |
100000 |
Thane Bharat Sahakari Bank |
Cooperative |
NA |
100000 |
100000 |
The Cosmos Co-Operative Bank LTD |
Cooperative |
NA |
10000 |
50000 |
The A.P. Mahesh Co-Operative Urban Bank |
Cooperative |
NA |
25000 |
25000 |
The Ahmedabad District Co-operative Bank Ltd |
Cooperative |
GSCB |
10000 |
25000 |
The Ahmedabad Mercantile Co-op Bank Ltd |
Cooperative |
HDFC Bank |
100000 |
100000 |
The Andhra Pradesh state cooperative |
Cooperative |
NA |
10000 |
100000 |
The Baroda Central Co-operative bank ltd. |
Cooperative |
GSCB |
15000 |
100000 |
The Gujarat State Co-operative Bank Limited |
Cooperative |
NA |
50000 |
100000 |
The Hasti Co-operative Bank Ltd |
Cooperative |
NA |
100000 |
100000 |
The Kalyan Janata Sahakari Bank |
Cooperative |
NA |
100000 |
100000 |
The Lakshmi Vilas Bank Limited |
Private |
NA |
100000 |
100000 |
The Mahanagar Co-op. Bank Ltd |
Cooperative |
NA |
25000 |
50000 |
The Malad Sahakari Bank Ltd. |
Cooperative |
PMCO |
10000 |
50000 |
The Mehsana Urban Co-Operative Bank |
Cooperative |
NA |
100000 |
100000 |
The Municipal Co-op Bank Ltd. |
Cooperative |
NA |
5000 |
50000 |
The Muslim Co-Operative Bank Ltd |
Cooperative |
HDFC |
100000 |
100000 |
The Nainital Bank Ltd |
Private |
NA |
20000 |
40000 |
The Ratnakar Bank Limited |
Private |
NA |
25000 |
25000 |
The Saraswat Co-Operative Bank |
Cooperative |
NA |
100000 |
100000 |
The Surat Peoples Co Op. Bank Ltd |
Cooperative |
NA |
25000 |
100000 |
The Sutex Co op Bank |
Cooperative |
ICICI Bank |
100000 |
100000 |
The SVC Co-Operative Bank Ltd |
Cooperative |
NA |
10000 |
20000 |
The Thane Janata Sahakari Bank Ltd(TJSB) |
Cooperative |
NA |
100000 |
100000 |
The Udaipur Mahila Samridhi Urban Co-op Bank Ltd |
Cooperative |
ICICI Bank |
100000 |
100000 |
The Udaipur Mahila Urban Co-op Bank Ltd |
Cooperative |
NA |
100000 |
100000 |
The Urban Cooperative Bank Ltd Dharangaon |
Cooperative |
ICICI Bank |
20000 |
25000 |
The Varachha Co-op Bank Ltd. |
Cooperative |
NA |
20000 |
40000 |
The Vijay Cooperative Bank Ltd |
Cooperative |
ICICI Bank |
20000 |
200000 |
The Vishweshwar Sahakari Bank Ltd |
Cooperative |
NA |
100000 |
100000 |
Tripura Gramin Bank |
RRB |
SBI |
10000 |
10000 |
UCO Bank |
Public Sector Bank |
NA |
100000 |
100000 |
Ujjivan Small Finance Bank Limited |
Small Finance Bank |
NA |
50000 |
100000 |
Union Bank of India |
Public Sector Bank |
NA |
100000 |
200000 |
United Bank of India |
Public Sector Bank |
NA |
25000 |
60000 |
Uttarakhand Gramin Bank |
RRB |
SBI |
25000 |
100000 |
Vananchal Gramin Bank |
RRB |
SBI |
20000 |
20000 |
Vasai Vikas Co-op Bank Ltd |
Cooperative |
NA |
100000 |
100000 |
Vijaya Bank |
Public Sector Bank |
NA |
25000 |
50000 |
YES Bank |
Private |
NA |
100000 |
100000 |
*Sources of data collected are official bank websites and financial statements.
FAQ's
UPI full form?
The full form of UPI is Unified Payments Interface.
What is a UPI reference number?
A UPI reference number is a 12-digit code generated for each UPI transaction. It is used to track the transaction and to resolve any issues that may arise. The UPI reference number is always prefixed with the digit 9.
How to unblock a UPI ID?
If your UPI ID is blocked, you can unblock it by following these steps:
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Open the UPI app that you use for transactions.
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Go to the settings menu.
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Select "UPI ID".
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Enter your registered mobile number and UPI PIN.
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Tap on "Unblock UPI ID".
What is a UPI number?
A UPI number is a unique identifier for your bank account used for UPI transactions. It is also known as a virtual payment address (VPA). Your UPI number is typically your mobile number followed by "@" and your bank's name. For example, if your mobile number is 9766782222 and your bank is SBI, your UPI number would be 9766782222@sbi.
How to reset a UPI PIN?
If you forget your UPI PIN, you can reset it by following these steps:
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Open the UPI app that you use for transactions.
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Go to the settings menu.
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Select "UPI PIN".
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Tap on "Reset UPI PIN".
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Enter your registered mobile number and OTP.
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Enter your new UPI PIN twice.
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Tap on "Reset PIN.".
What is a UPI PIN?
A UPI PIN is a 4-6 digit PIN used to authenticate UPI transactions. Such is required for all UPI transactions, including sending and receiving money. You can create your own UPI PIN when you register for UPI. It is essential to keep your UPI PIN safe and secure. Please do not share it with anyone.