Question

    What is the upper limit of a single UPI transaction for

    merchant payments as per NPCI (2024)?
    A ₹1 lakh Correct Answer Incorrect Answer
    B ₹2 lakh Correct Answer Incorrect Answer
    C ₹5 lakh Correct Answer Incorrect Answer
    D ₹10 lakh Correct Answer Incorrect Answer
    E No limit Correct Answer Incorrect Answer

    Solution

    The UPI transaction limit is ₹1 lakh per day as per NPCI. For capital markets, insurance, collections, and foreign inward remittances, the limit is ₹2 lakh. Tax payments, educational institutions, hospitals, IPOs, and RBI retail direct schemes, the limit is ₹5 lakh.

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