UPI, UPI Lite, UPI 123PAY, UPI LITE X: What are the transaction limits for these UPI payments

When you shop-online, you can pay through UPI when you see UPI as a payment option. On clicking that, you will need to enter your Payment Address (eg – xyz@upi). Once entered, you will receive a collect request on your BHIM app. Enter your UPI-PIN here and your payment will be complete.

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All payments are instant and 24/7, regardless of your bank’s working hours.

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UPI is providing additional benefits to IMPS in the following ways: 1.Provides for a P2P Pull functionality; 2.Simplifies Merchant Payments; 3.Single APP for money transfer; 4.Single click two factor authentication.

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For normal UPI the transaction limit is up to Rs 1 Lakh per transaction. For few specific categories of transaction in UPI like Capital Markets, Collections, Insurance, Foreign Inward Remittances the transaction limit is up to 2 lakh and for Initial Public Offering and Retail Direct Scheme the limit is up to Rs 5 lakh per transaction.

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According to the NPCI website: UPI LITE is a new payment solution that leverages the trusted NPCI Common Library (CL) application to process low value transactions that have been set at below Rs 500. In its latest MPC meeting, the Reserve Bank of India (RBI) has announced a hike in the UPI lite per transaction limit to Rs 1,000 from Rs 500 currently.

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According to the NPCI website: UPI LITE X, launched back in September’23, allows offline payments without internet connectivity, enhancing the existing UPI LITE functionalities in a much more effective manner.

What are the limits for offline payments: Per transaction: Rs 500; Cumulative per day: Rs 4,000; Maximum available in LITE X: Rs 2,000; Minimum top-up: Rs 1

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According to the NPCI website: UPI 123PAY is an instant payment system for feature phone users who can use Unified Payments Interface (UPI) payment service in a safe and secure manner. Through UPI 123PAY, feature phone users will now be able to undertake a host of transactions based on four technology alternatives. They include calling an IVR (interactive voice response) number, app functionality in feature phones, missed call-based approach and also proximity sound-based payments.

What is the per transaction limit of UPI payment on UPI 123PAY from feature phone: per transaction limit is Rs 5000
What is the per day transctions limit of UPI payment on UPI 123PAY from feature phone: per day transactions limit is Rs 1,00,000.

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