Digital payments are at an all-time high in India. At a point where carrying cash is getting replaced even for grocery shopping, having a high daily/monthly transaction limit is a necessity. However, for State Bank of India (SBI) customers, questions often arise regarding transaction limits and how to adjust them to suit their needs.

Understanding the Current SBI UPI Limit:

  • Per Transaction Limit: As of February 1st, 2024, SBI has set a standard per-transaction limit of ₹1,00,000. This means you can send or receive up to ₹1 lakh using any UPI app linked to your SBI account.
  • Monthly Limit: Thankfully, SBI does not impose a specific monthly transaction limit for UPI transactions. So, as long as you stay within the per-transaction limit, you can make multiple transactions throughout the month without restriction.
  • Daily transaction limit: While there's no fixed monthly cap, you can make a maximum of 10 transactions each day. Pace yourself and avoid swiping away mindlessly.

Remember: These limits are subject to change based on RBI guidelines or internal bank policies. It's always wise to stay updated through official SBI channels. These limits are set to encourage responsible spending and keep your finances on track.

Why Increase Your SBI UPI Limit?

While the default limit caters to most daily needs, there might be situations where you require a higher threshold. Here are some common reasons:

  • Large bill payments: Imagine paying rent, utility bills, or hefty investments via UPI. The standard limit might not suffice.
  • Business transactions: If you run a small business and receive payments through UPI, a higher limit ensures smooth operations.
  • Bulk purchases: Buying expensive electronics or furniture online often involves larger sums, making a higher limit beneficial.

How to Increase UPI Transaction Limit in SBI

Method 1: Using the SBI YONO App:

1. Log In and Access UPI Transfer:

  • Open the YONO Lite app on your smartphone and log in using your User ID, password, or M-pin.
  • Once logged in, locate the "UPI Transfer" option on the app's main screen. It might be under a different section depending on the app version, but look for anything related to "UPI payments" or "UPI transfers."
  • Click on "UPI Transfer" to access your UPI settings and functionalities.

2. Enter Profile Password and Set Limit:

  • Within the "UPI Transfer" section, look for an option like "Set UPI Transaction Limit" or "Manage UPI Limit." This might be located under "More Options" or "Additional Settings."
  • Select the option to set your limit, and a prompt will ask for your "Profile Password." Enter this password carefully, as it authorizes changes to your profile.
  • Upon entering your password, you'll see three boxes:
    • Current UPI Transaction Limit: This shows your current limit.
    • New UPI Transaction Limit: Enter your desired new limit here (maximum ₹1 lakh).
    • Confirm New UPI Transaction Limit: Re-enter your desired limit for confirmation.
  • Once you've filled in the boxes, click "Submit" to proceed.

3. Confirm and Verify:

  • A new screen will appear displaying your "Existing UPI Transaction Limit" and the "New UPI Transaction Limit" you entered.
  • Review both limits carefully and ensure they match your intention.
  • Click "Confirm" to finalize the change.

4. Receive and Enter OTP:

  • To verify your request, SBI YONO will send an OTP to your registered mobile number.
  • Enter the received OTP in the designated field and click "Submit."

5. Completion and Reminder:

  • You'll receive a confirmation message once your new UPI transaction limit is successfully set.
  • Remember, changes might take up to 24 hours to reflect in your UPI apps.

Method 2: Visiting Your SBI Branch:

Gather Necessary Documents:

  • Before heading to your nearest SBI branch, make sure you have the following documents handy:
    • Photo ID proof (e.g., Aadhaar card, PAN card, driver's license)
    • Your SBI account passbook or debit card

Meet the Customer Service Representative:

  • Once at the branch, inform the customer service representative that you want to increase your UPI transaction limit.
  • They will likely guide you to the appropriate counter or personnel to handle your request.

Fill Out the Required Form:

  • The bank representative will provide you with a form to request a change in your UPI transaction limit. Fill out the form carefully, ensuring all information is accurate and complete.
  • The form might require details like your account number, current limit, desired new limit, and reason for the change.

Submit the Form and Verify:

  • Once you've completed the form, submit it to the bank representative along with your required documents.
  • They will cross-check and verify your information and process your request. Depending on the branch procedures, you might need to sign additional documents or provide further verification.

Await Confirmation and Enjoy:

  • The bank representative will inform you of the estimated timeframe for processing your request. This could range from a few hours to a couple of business days.
  • Once your request is processed and approved, you'll receive confirmation and your new UPI transaction limit will be active.

Important Reminders:

  • Remember, the maximum limit you can set through either method is ₹1 lakh.
  • Changes to your limit might take up to 24 hours to reflect in your UPI apps.
  • Be cautious when increasing your limit. Choose an amount that aligns with your spending habits and risk tolerance.
  • Regularly review and adjust your limit as your financial needs evolve.

Always Prioritize Security:

While managing your UPI limit is important, remember to prioritize security practices:

  • Never share your UPI PIN with anyone, not even bank officials. It's your key to secure transactions.
  • Double-check recipient details before sending money. A typo could lead to unintended transfers.
  • Use strong and unique UPI PINs for each app. Don't reuse the same PIN across different platforms.
  • Beware of phishing scams and suspicious links. If something feels off, don't click!
  • Report any unauthorized transactions immediately. Stay vigilant and protect your hard-earned money.

Final Words

So, there you have it! By following the steps listed above and prioritizing security, you can effectively manage your SBI UPI transaction limit through the YONO Lite app and enjoy the convenience of digital payments with confidence.

FAQs on SBI UPI Limit

1. What is the SBI UPI Transaction Limit?

The standard SBI UPI transaction limit is ₹1,00,000 per transaction.

2. What is the SBI UPI Transaction Limit per Month?

There's no specific monthly limit for SBI UPI transactions.

3. Maximum Daily Transaction Limit for SBI UPI on Google Pay?

The maximum daily transaction limit for SBI UPI on Google Pay is ₹100,000 INR.

4. What is the SBI UPI Transaction Limit Per Year?

There's no yearly limit set for SBI UPI transactions.

5. How to Increase UPI Limit in SBI?

You can increase your UPI limit through the SBI YONO app or by visiting your nearest SBI branch.

6. How can I know my SBI UPI limit?

Check your limit through the YONO app or contact your SBI bank for confirmation.