The National Payments Corporation of India (NPCI) on September 04, 2024, issued the notification regarding the Addendum to OC181A – Implementation of UPI limits for P2P transactions.
The following has been stated namely: -
• The limit for user to receive funds in their bank account via P2P in 24 hours has been defined.
• Based on this the corporation shall have an additional limit on count of transactions via P2P regardless of the transaction value.
• The following has been stated namely: -
o P2P credit is capped at 25 successful transactions or cumulative Rs 4 lacs in a period of 24 hours and transactions < Rs 2,000 are excluded.
o P2P credit will be capped at 50 successful transactions in a period of 24 hours
This shall be in effect from September 04, 2024. The limits shall be implemented by September 30, 2024.
[Notification No. NPCI/UPI/OC 181B/2024-25]
