UPI Limit: Check Transaction Limit for SBI, HDFC, ICICI, and AXIS Bank

- Advertisement -

According to data from the National Payments Corporation of India, 657 crore transactions were made through the Unified Payments Interface (UPI) in August according to the NPCI.

In terms of value, UPI transactions increased by 4.6%. These UPI transactions are reflected in the daily limits at top banks.

Advertisements

State Bank of India – This country’s largest bank has an UPI transaction limit. The daily transaction limit is Rs 1 lakh.

More on SBI: SBI, which is headquartered in Mumbai, is the 43rd-largest bank in the world.

Advertisements

It was ranked 221st on the Fortune Global 500 list, 2020’s largest corporations. SBI is also the only Indian bank listed on this list.

It is India’s largest bank with a 23% market share in assets and 25% of the total deposit and loan market.

Advertisements

SBI, after ICICI Bank and HDFC Bank, became the third lender in India and the seventh to reach the? 5 trillion market capitalisation at the Indian stock exchanges.

HDFC Bank – There is a daily limit of Rs 1-1 Lakh for UPI transactions. However, the initial 24 hours are limited to Rs 5,000 for a new customer.

Advertisements

HDFC Bank Limited, a Indian bank and financial services company, is headquartered in Mumbai.

The world’s largest private sector bank in assets and the 10th largest by market capitalisation as at April 2021.

Advertisements

It is third in market capital with $122.50 billion. It employs nearly 150,000 people and is the fifteenth largest employer of Indians.

ICICI Bank – The UPI transaction limit as well as the daily limit are Rs 10,000-10,000. The daily limit for Google Pay is Rs 25,000, as well as the transaction limit.

Advertisements

ICICI Bank Limited, a MNC and financial service company in India, is headquartered in Vadodara.

It offers a wide variety of banking products and services to corporate and individual customers.

Advertisements

The company has specialized subsidiaries that specialize in investment banking, venture capital, asset management, and life insurance.

Axis Bank – When it comes to transaction limit and daily UPI limit, it is Rs.15,000 for Axis Bank.

Advertisements

Axis Bank Ltd. is headquartered in Mumbai, which was formerly UTI Bank. It provides financial services to small and medium-sized businesses, as well as retail customers.

The promoters and their group (30.81% of the shares) own 30.81% as of 30 June 2016. (United India Insurance Company Limited;

Advertisements

Oriental Insurance Company Limited; National Insurance Company Limited; New India Assurance Company Ltd., GIC. LIC. and UTI). [8]

The remaining 69.19% share are held by mutual funds, FIIs and banks, as well as insurance companies, corporate bodies, individual investors, and corporations.

Advertisements

Bank of Baroda – The BoB has set a daily limit of 1 lakh rupees and a single transaction limit of 25,000.

Bank of Baroda is an Indian nationalized financial and banking services company. Its headquarters are in Vadodara.

Advertisements

It is second in India’s largest PSB by market capital, with 132 million customers and a total business worth US$218billion.

There are also 100 international offices. It is ranked 1145 in the Forbes Global 2000 List based on 2019 data.

Advertisements

The Maharaja of Baroda Sayajirao Gekwad III, founded the bank in Gujarat on 20 July 1908. It was located in the Princely State Baroda.

The bank was nationalized by the government of India along with 13 other Indian commercial banks on 19 July 1969. It was then designated as a profit-making public undertaking (PSU).

Advertisements
- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest

- Advertisement -

More Articles