What is the transaction limit for NPCI services like UPI or IMPS?

The transaction limits for NPCI services like UPI (Unified Payments Interface) and IMPS (Immediate Payment Service) can vary depending on various factors, including the type of transaction, user profile, and the specific terms set by the user's bank. Here are some general guidelines regarding transaction limits:

1. UPI Transaction Limits:
Per Transaction Limit: The per transaction limit for UPI transactions is typically set by the user's bank and may vary. It can range from as low as Rs. 1 to as high as Rs. 1 lakh or more.
Daily Transaction Limit: Banks often impose a daily transaction limit for UPI transactions. This limit can range from Rs. 1,00,000 to Rs. 5,00,000 or higher. Some banks also have different daily limits for different types of transactions, such as peertopeer transfers, merchant payments, bill payments, etc.

2. IMPS Transaction Limits:
Per Transaction Limit: The per transaction limit for IMPS transactions is usually set by the user's bank. It can vary from bank to bank but is typically higher compared to UPI transactions. It can range from a few thousand rupees to several lakhs.
Daily Transaction Limit: Similar to UPI, IMPS transactions also have a daily transaction limit imposed by the user's bank. The daily limit can range from a few thousand rupees to several lakhs, depending on the bank's policies.

It's important to note that these transaction limits are subject to change based on the discretion of the user's bank and may vary for different account holders. Some banks may provide an option to modify the transaction limits based on the user's requirements.

To get accurate and uptodate information regarding transaction limits for UPI and IMPS, it's recommended to check with your bank or refer to their official website or customer support channels.