What is UPI
Unified Payments Interface is an instant real-time payment system developed by National Payments Corporation of India facilitating inter-bank peer-to-peer and person-to-merchant transactions. Ujjivan SFB is live as issuer in UPI payment system. Ujjivan SFB’s Savings/ Current Account holders can link their account in any UPI app and create VPA to send or receive payment directly to his/her Ujjivan SFB’s account.
How is it unique?
Ujjivan Bank UPI Transaction Limits
The various UPI limits of Ujjivan Bank is given in the below table
|Maximum amount per transaction||Rs. 50,000|
|Minimum amount per transaction||Rs. 1|
|Maximum transaction amount per day||Rs. 1,00,000|
|Maximum number of transactions per day, per account||10|
|Maximum amount per transaction post resetting the PIN or for a first-time user||Rs.5000|
- Daily limit of Rs 1 Lakh or 10 Transactions (calculated on 24 Hours basis)
- The limit of 10 transactions is only applicable for fund transfer and doesn't include Bill pay transactions and merchant transaction.
- New UPI users or users who have changed their device / sim card / mobile number can transact only up to Rs 5,000/- for the first 24 hours.