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Understanding HDFC Bank's UPI Transaction Limits and Increase Options

HDFC Bank sets specific daily transaction limits for UPI users, generally capping at ₹1,00,000 or 20 transactions within 24 hours, with a lower initial limit for new users. While there are no explicit monthly or yearly limits from HDFC, transactions are subject to daily caps. Although HDFC Bank charges no fees for UPI, new RBI guidelines introduce an interchange fee for merchants on larger PPI-based UPI transactions. Users cannot manually increase these limits, though RBI recently raised limits for certain categories like educational and hospital payments.

📖 3 min read read🏷️ UPI Transaction Limits

HDFC Bank customers can utilize Unified Payments Interface (UPI) services by completing the necessary registration process according to established guidelines. However, transactions conducted via HDFC UPI are subject to specific limits. Once these limits are reached, further transactions are restricted.

Key Highlights:

  • Daily UPI Limit: Up to ₹1,000,000 or a maximum of 20 transactions within a 24-hour period.
  • New User Limit: A cap of ₹5,000 applies for the initial 24 hours following registration for new UPI users.
  • Merchant Transactions: Certain categories, such as capital markets and insurance, allow transactions up to ₹1,000,000 per single transaction.
  • Monthly and Yearly Limits: HDFC Bank does not impose any specific monthly or yearly UPI transaction limits.
  • Transaction Charges: HDFC Bank customers are not charged any fees for UPI transactions.

HDFC UPI Transaction Limits

The National Payments Corporation of India (NPCI) oversees UPI transactions and has established a daily transfer limit of ₹1,000,000 for each individual. HDFC Bank also implements specific UPI transaction limits for its customers.

The table below details the HDFC UPI limits for various scenarios:

| UPI Transactions | Maximum Limit | |---| | P2M (Person to Merchant) or P2P (Person to Person) | ₹1 lakh or 20 transactions/ 24 Hours | | Merchant collect and Capital markets (e.g., Broking, AMC, Mutual Funds, Credit card payments, EMI, Loan repayments, IPO application) | ₹5 lakh/transaction |

Daily UPI Transaction Limit in HDFC

HDFC Bank sets the daily UPI transaction limit at ₹1,000,000 or 20 transactions within a 24-hour cycle for both person-to-person and person-to-merchant transfers. For individuals newly registered with UPI, an initial limit of ₹5,000 applies for the first 24 hours on Android devices and 72 hours on iPhones. These limits are consistent across all UPI applications used.

Exceeding the daily transaction limit will result in a temporary block on further transactions until the following day.

HDFC UPI Monthly Transaction Limit

HDFC Bank does not impose a specific monthly limit for UPI transactions. However, users must still adhere to the daily transaction limit to ensure uninterrupted service. It is recommended to regularly check HDFC Bank's official website for any updates regarding these limits.

HDFC UPI Yearly Transaction Limit

HDFC customers are not subject to a specific annual limit for UPI transactions.

HDFC UPI Transaction Fee Information

HDFC Bank does not charge its customers any fees for UPI transactions. Nevertheless, under the revised UPI guidelines, a 1.1% interchange fee is applicable to merchants for UPI transactions exceeding ₹2,000 when processed through Prepaid Payment Instruments (PPI).

Increasing UPI Limits in HDFC

HDFC Bank enforces a daily UPI transaction limit of ₹1,000,000, with new users facing a restriction of ₹5,000 for the initial 24 hours after registration.

These limits are fixed and cannot be manually increased by users.

However, the Reserve Bank of India (RBI) recently announced an increase in the UPI limit to ₹5,000,000 for particular transaction types, including educational fees, hospital bills, and capital market transactions.

UPI continues to revolutionize online transactions, offering both security and efficiency. Every bank, including HDFC, implements UPI limits to manage the expanding digital payment landscape. Ensuring adherence to these limits is crucial to avoid any transaction-related issues.

Other UPI Articles:

  1. SBI UPI Limit - How To Increase UPI Transaction Limit In SBI?

Frequently Asked Questions

What is GST?
Goods and Services Tax (GST) is a comprehensive indirect tax levied on the supply of goods and services throughout India, replacing multiple cascading taxes.
Who needs to register for GST?
Businesses with an annual turnover exceeding a specified threshold (typically ₹20 lakhs for most states, ₹10 lakhs for special category states) or those involved in inter-state supply of goods, e-commerce, or acting as agents, generally need to register for GST.
What are the main components of GST in India?
GST in India is structured into four primary components: Central GST (CGST) levied by the Centre, State GST (SGST) levied by states, Integrated GST (IGST) for inter-state transactions, and Union Territory GST (UTGST) for Union Territories.
How can I file GST returns?
GST returns can be filed online through the official GST Portal or via GST Suvidha Providers (GSPs). Different forms like GSTR-1 (for outward supplies) and GSTR-3B (summary return) are used based on the taxpayer's category and transaction type.
What is an HSN code in GST?
HSN (Harmonized System of Nomenclature) code is an internationally recognized six-digit system for classifying goods. Under GST, it is used to categorize goods for taxation purposes, ensuring uniformity in classification and applicable rates.