The NPCI defines the UPI transaction charges and limits per day to regulate digital payments. However, merchant wallet-based transactions above Rs. 2,000 attract 0.5%–1.1% interchange fees, paid by merchants, not customers.
The Unified Payments Interface (UPI) has completely transformed digital payments in India. With over 12 billion monthly transactions, UPI is India’s most preferred payment system.
Interchange Fee Rules for Wallet-Based UPI Payments
If you use wallets like PhonePe Wallet, Paytm Wallet, Amazon Pay, etc., to make UPI payments above ₹2,000, interchange fees now apply — but only to merchants.
| Merchant Category | Interchange Fee |
| Fuel | 0.5% |
| Telecom, Utilities, Education | 0.7% |
| Supermarkets | 0.9% |
| Insurance, Mutual Funds, Govt, Railways | 1.0% |
| Others (Above ₹2,000 via Wallets) | Up to 1.1% |
UPI New Rules and Guidelines
Transaction Limit Increase for UPI 123Pay: The RBI has doubled the per-transaction limit for UPI 123Pay from Rs 5,000 to Rs 10,000 on October 9, 2024.
Increase in UPI Lite Wallet Limit: The limit for UPI Lite wallets has also been raised from Rs 2,000 to Rs 5,000 on October 9, 2024.
Interchange Fee Structure: Interchange fee of up to 1.1% will be applicable for merchants on UPI transactions exceeding Rs. 2000 when processed through Prepaid Payment Instruments (PPIs).
UPI Transaction Limit Per Day
The general UPI transaction limit per day in 2025 is Rs. 1 lakh, as per guidelines from the National Payments Corporation of India (NPCI).
| Category | Existing Limit (Per Transaction) (Prior to 15/09/25) | Enhanced Limit (Per Transaction) (Applicable from 15/09/25) | Cumulative Limit (24 Hours) |
| Capital Markets (Investments) | Rs. 2 lakh | Rs. 5 lakh | Rs. 10 lakh |
| Insurance | Rs. 2 lakh | Rs. 5 lakh | Rs. 10 lakh |
| Government e-Market Place (EMD/ Tax Payments) | Rs. 1 lakh | Rs. 5 lakh | Rs. 10 lakh |
| Travel | Rs. 1 lakh | Rs. 5 lakh | Rs. 10 lakh |
| Credit Card Payments | Rs. 2 lakh | Rs. 5 lakh | Rs. 6 lakh |
| Collections (loan repayment-related transactions, B2B collections, EMI collections) | Rs. 2 lakh | Rs. 5 lakh | Rs. 10 lakh |
| Jewellery | Rs. 1 lakh | Rs. 2 lakh | Rs. 6 lakh |
| FX-Retail via BBPS (Bharat Bharat Bill Payment System) | Rs. 2 lakh | Rs. 5 lakh | Rs. 5 lakh |
| Digital Account opening | Rs. 2 lakh | Rs. 5 lakh | Rs. 5 lakh |
| Digital account opening – initial funding | Rs. 2 lakh | Rs. 2 lakh | Rs. 2 lakh |
| Payments to educational institutions and hospitals | Rs. 5 lakh | Rs. 5 lakh | Rs. 5 lakh |
| IPOs and RBI Retail Direct schemes payments | Rs. 5 lakh | Rs. 5 lakh | Rs. 5 lakh |
UPI transaction limits per day
| Bank Name | UPI Daily Limit |
| Bank of Baroda | Rs. 1,00,000 |
| Punjab National Bank (PNB) | Rs. 1,00,000 |
| State Bank of India (SBI) | Rs. 1,00,000 |
| Canara Bank | Rs. 1,00,000 |
| Bank of India | Rs. 1,00,000 |
| Central Bank of India | Rs. 1,00,000 |
| Union Bank of India | Rs. 1,00,000 |
| UCO Bank | Rs. 1,00,000 |
| Indian Bank | Rs. 1,00,000 |
| Bank of Maharashtra | Rs. 1,00,000 |
| HDFC Bank | Rs. 1,00,000 |
| ICICI Bank | Rs. 1,00,000 |
| Axis Bank | Rs. 1,00,000 |
| Kotak Mahindra Bank | Rs. 1,00,000 |
| Yes Bank | Rs. 1,00,000 |
| IndusInd Bank | Rs. 1,00,000 |
| Federal Bank | Rs. 1,00,000 |
| IDFC Bank | Rs. 1,00,000 |
| Bandhan Bank | Rs. 1,00,000 |
| South Indian Bank | Rs. 1,00,000 |
| HSBC Bank | Rs. 1,00,000 |
| Standard Chartered Bank | Rs. 1,00,000 |
| DBS Bank | Rs. 1,00,000 |
The new UPI rules are user-centric, aiming to enhance reliability, transparency, and digital security. With UPI, users can effortlessly transfer money to friends, pay utility bills, or make payments to merchants directly. UPI Interchange fees range from 0.5% to 1.1%, depending on the transaction type and merchant category.
FAQs
Are there any charges for UPI transactions?
No, there are no charges for UPI transactions made by individuals for personal transactions. These charges are known as interchange fees, ranging from 0.5% to 1.1%, depending on the transaction type.
What is the maximum amount transferable through UPI?
As of 2025, the maximum amount that can be transferred through UPI is ₹1 lakh per day.Â
Can merchants pass on UPI transaction charges to customers?
Merchants have the option to pass on UPI transfer charges to customers as per the guidelines issued by the Reserve Bank of India (RBI).