For UPI person-to-person (P2P) transfers, what is the maximum cumulative debit…
2022
For UPI person-to-person (P2P) transfers, what is the maximum cumulative debit amount in a 24-hour period?
Answer: C. ₹1,00,000 — ConceptUPI limits are network ceilings, while a bank or payment app may impose a lower operating cap for risk control. Person-to-person (P2P) transfers use…
- A.
₹25,000
- B.
₹50,000
- C.
₹1,00,000
- D.
₹5,00,000
Show answer & explanation
Correct answer: C
Concept
UPI limits are network ceilings, while a bank or payment app may impose a lower operating cap for risk control. Person-to-person (P2P) transfers use the normal UPI category; higher ceilings apply only to specified merchant categories.
A daily debit limit is cumulative: the values of outgoing P2P transfers are added over the applicable 24-hour window and compared with the category ceiling.
Application
Classify the payment as P2P, so the normal UPI ceiling—not a special verified-merchant ceiling—governs it.
NPCI’s normal UPI ceiling and the official MPPSC answer key identify ₹1,00,000 for this item.
Cross-check and contrast
₹25,000 and ₹50,000 may occur as lower bank- or app-level operating caps, but they are not the standard network ceiling asked here.
₹5,00,000 is used for specified merchant categories such as IPO and Retail Direct, not for ordinary P2P transfers.
Result
Therefore, the maximum cumulative P2P debit amount in the stated 24-hour period is ₹1,00,000.