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10 .Upi Oc 61

The document announces that the Unified Payments Interface (UPI) has revised its transaction frequency limit for person-to-person (P2P) transactions to 10 transactions per bank account within a 24 hour period, starting from the timestamp of the first transaction, effective October 21, 2018. Member banks are advised to make note of this change and communicate it to their partners and stakeholders accordingly.

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272 views1 page

10 .Upi Oc 61

The document announces that the Unified Payments Interface (UPI) has revised its transaction frequency limit for person-to-person (P2P) transactions to 10 transactions per bank account within a 24 hour period, starting from the timestamp of the first transaction, effective October 21, 2018. Member banks are advised to make note of this change and communicate it to their partners and stakeholders accordingly.

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Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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NPCI/2018-19/UPI OC NO/061 October 22, 2018

To,
All Members of UPI (Unified Payment Interface)

Dear Sir / Madam,

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

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