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

Updated on: 24 May, 2024 05:55 PM

The State Bank of India (SBI) implemented daily UPI transaction limits for its customers to promote effective financial management among its customers and inculcate saving habits. Since mid-2023, SBI account holders cannot make more than 10 transactions per day with individual transactions restricted at Rs.1,00,000. However, this limit can be tailored to individual financial plans. This blog delves into understanding SBI's UPI limits, exploring monthly and yearly caps and transaction charges, and, most importantly, guiding users on increasing their UPI transaction limits using the SBI YONO app.

What is SBI UPI Limit?

As per SBI rules and regulations, there is a daily UPI transaction limit for its customers. This puts restrictions on the unlimited transactions from customers through UPI applications.

This SBI UPI limit allows you to manage your funds in a more judicious manner and avoid reckless expenses. This new rule for UPI transactions was applied in mid-2023. SBI also restricts its customers from making more than 10 transactions a day. If you are an SBI account holder, then, you must abide by these new rules while making transactions across all UPI apps.

What is SBI UPI Transaction Limit?

The per transaction limit for the SBI UPI transactions for customers is Rs.1,00,000. This UPI transaction limit is applicable to all UPI apps. In any case, an SBI customer cannot spend beyond this limit.

However, it is important to note that you can change this limit specified by the bank. The below sections cover the process of increasing the UPI transaction limit for SBI bank customers.

  • UPI Transaction Limit Per Month - As per the recent updates by SBI, there is no specific UPI transaction limit on per month basis. However, these limits are subject to change.
  • SBI UPI Transaction Limit Per Year - As per the State Bank of India, there is no specific yearly UPI transaction limit for its customers.
  • What are SBI UPI Transaction Charges - There are no additional charges that are applicable to the SBI UPI transaction limit.

How to Increase UPI Limit in SBI?

The maximum transaction limit through UPI apps for SBI bank is Rs.1,00,000. This limit can be personalized to suit your financial planning. The transaction limit can be increased through the SBI YONO app. However, you cannot increase this limit beyond Rs.1,00,000, which has been set by the bank authorities.

How to Change UPI Transaction Limit in SBI?

The below-mentioned steps can be followed to change the SBI UPI transaction limit -

  • Step 1. Open the online banking application of SBI and log in to the app using your credentials, i.e. login ID and password.
  • Step 2. Find the ‘UPI Transfer’ option from the top menu and click on it.
  • Step 3. A new page opens in front of you. Here, select the option ‘Set UPI Transaction Limit’.
  • Step 4. In the next step, enter your internet banking password.
  • Step 5. The new page will show your existing UPI transaction limit and the spaces for you to set and confirm your new UPI transaction limit.
  • Step 6. If the current UPI transaction limit is set to Rs.1,00,000, this cannot be increased further as it is the maximum limit. However, this limit can be decreased to manage your expenses.
  • Step 7. You can enter an amount of upto Rs.1,00,000 in the ‘Enter new UPI transaction limit’ box.
  • Step 8. Re-enter the above amount in the next box for verification.
  • Step 9. After verifying the new SBI UPI transaction limit, click on confirm to proceed further.
  • Step 10. After this, you will receive an OTP on your registered mobile number. Enter this OTP in the given column to complete setting up the new SBI UPI transaction limit successfully.

How to Set SBI UPI Transaction Limit in SBI Net Banking?

There is no way you can set the SBI UPI transaction limit through the net banking service. The only way to do so is to download the SBI YONO mobile banking app. After downloading this app, you can follow the steps mentioned in the above section and set your SBI UPI transaction limit.

If you don’t have login details or are not registered for the SBI mobile banking service, you can visit the net banking portal and register for the mobile banking service. After registering for SBI net banking, you can log in to the SBI YONO app using your user ID and password.

You can also set fingerprint authentication and avoid entering the user ID and password again and again.

While there is a restriction on the daily UPI transaction limit and the number of transactions, you can still manage your daily UPI transaction limit by either increasing or decreasing the limit. In conclusion, it provides an effective method to manage your finances and increase savings by preventing wasteful expenditure. So, if you want to change your SBI UPI transaction limit, all you have to do is follow the steps mentioned in this guide.

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Frequently Asked Questions

Q- What is the UPI limit per day SBI?

SBI has two limits for UPI transactions per day:

  • Transaction value: The maximum amount you can transfer in a single UPI transaction is Rs.1,00,000.
  • Number of transactions: SBI allows a maximum of 10 UPI transactions per day.

It's important to note that you can personalize the number of transactions within the daily limit through the SBI Yono app, but you cannot increase the maximum transaction amount of Rs.1,00,000.

Q- What is the SBI UPI transaction limit per month?

SBI does not impose a specific monthly limit on UPI transactions. This means you can make multiple UPI transactions throughout the month as long as each transaction stays within the per-transaction limit of Rs.1,00,000.

CA Abhishek Soni
CA Abhishek Soni

Abhishek Soni is a Chartered Accountant by profession & entrepreneur by passion. He is the co-founder & CEO of Tax2win is amongst the top 25 emerging startups of Asia and authorized ERI by the Income Tax Department. In the past, he worked in EY and comes with wide industry experience from telecom, retail to manufacturing to entertainment where he has handled various national and international assignments.