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      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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