10 .Upi Oc 61
10 .Upi Oc 61
10 .Upi Oc 61
To,
All Members of UPI (Unified Payment Interface)
Subject: UPI transaction frequency limit revised to 10 transactions for P2P w.e.f
October 21, 2018
To encourage genuine transactions in the UPI ecosystem and bring in rationality, the UPI
transaction frequency limit has been revised to the following:
10 transactions per bank account for P2P segment (in a span of 24 hours, where
timestamp of 1st transaction is considered as start time).
This limit is inclusive only for P2P transactions originating from a unique bank
account.
Requisite changes have been implemented on UPI Fraud & Risk management system and is
in effect from October 21, 2018
Member Banks are hereby advised to make note of this change and do the needful /
communicate accordingly to their partners and stakeholders.
Yours faithfully,
Bharat Panchal
SVP & Head – Risk Management
1001A, B wing, 10th Floor, The Capital, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051
CIN: U74990MH2008NPL189067