Online Payment limit of 20 transactions originating from unique bank account for P2P

Online Payment limit of 20 transactions originating from unique bank account for P2P

2312: SHRI DUSHYANT SINGH

Will the Minister of ELECTRONICS AND INFORMATION TECHNOLOGY be pleased to state:

(a) whether there is a limit on the number of online payments/transactions that can be made in a single day through a bank on a UPI payments application like Paytm, GooglePay or PhonePe;

(b) if so, the exact details, rules and regulations that have brought about this limit and the reasons for imposition of such a limit;

(d) whether the Government is aware that this will create a hindrance in the Government’s Digital India mission and whether it contemplates to remove such limits; and

(e) if so, the details thereof? 

(ड.) यदि हां, तो तत्संबधी ब्यौरा कया है ?

(a): Yes, Sir. There is a limit on the number of online payments/transactions that can be made in a single day through a bank on a UPI (Unified Payments Interface) payments application.

(b): As per latest guidelines, dated 10.01.2023 issued by National Payments Corporation of India (NPCI), there is a limit of 20 transactions originating from unique bank account for P2P (Person to Person) segment in a span of 24 hours, wherein timestamp of first transaction is considered as start time. This limit is kept to safeguard the customer from potential financial frauds and also to ensure a standardized behaviour of UPI applications.

(c): The limit is applicable to all the member banks in the UPI eco-system, including public sector banks.

(d) and (e): With an increase in the adoptation of UPI by the customers and to further enhance the penetration of digital payments, the UPI limits are revised periodically by NPCI.

(घ) और (ड) : ग्राहकों द्वारा यूपीआई को अपनाने में वृद्धि और डिजिटल भुगतान की पहुंच में वृद्धि हेतु एनपीसीआई द्वारा यूपीआई सीमाओं को आवधिक रूप से संशोधित किया जाता है।

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