Upi Deposit Limit Per Day

Updated April 2026 · 8 min read

Complete guide to upi deposit limit per day for Indian forex traders using UPI deposits on Exness and XM. Both Exness and XM accept UPI deposits from Indian traders with instant processing and zero fees. This guide covers everything you need to know about upi deposit limit per day in 2026.

Broker Comparison

FeatureExnessXM
Min UPI Deposit₹840 (~$10)₹400 (~$5)
Deposit Speed5-12 seconds10-20 seconds
Deposit FeeFreeFree
Signup BonusNone$30 no-deposit
EUR/USD Spread0.6 pips (Std)0.6 pips (Ultra Low)
Withdrawal Speed22 seconds (e-wallet)24 hours
Max LeverageUnlimited1:1000
Instruments200+1,000+
RegulationFCA, CySECCySEC, ASIC
UPI Apps SupportedGoogle Pay, PhonePe, Paytm, BHIMGoogle Pay, PhonePe, Paytm, BHIM

How to Deposit via UPI

  1. Log in to your broker account (Exness Personal Area or XM Members Area)
  2. Click Deposit and select the UPI payment method
  3. Enter amount in INR (minimum ₹840 on Exness or ₹400 on XM)
  4. QR code appears on screen with a payment link
  5. Open your UPI app (Google Pay, PhonePe, Paytm, or BHIM)
  6. Scan the QR code using your app's scanner
  7. Verify amount and select your linked bank account
  8. Enter UPI PIN to authorize the payment
  9. Funds credited to your trading account in 5-20 seconds

The INR amount is automatically converted to USD at the interbank exchange rate with zero markup. Both brokers charge no fees for UPI deposits. You can start trading immediately after the deposit is credited.

UPI Daily Limits by App and Bank

UPI AppPer TransactionPer DayNotes
Google Pay₹1,00,000₹1,00,000Standard NPCI
PhonePe₹1,00,000₹1,00,000Standard NPCI
Paytm (Full KYC)₹1,00,000₹1,00,000Min KYC = lower
BHIM₹1,00,000₹1,00,000Standard NPCI

How to Deposit More Than ₹1,00,000

  • Make multiple UPI deposits across different days
  • Use different linked bank accounts (PhonePe supports unlimited)
  • Switch to net banking for single large deposits
  • Use bank wire transfer for very large amounts (no upper limit)

See full limits guide.

UPI Transaction Limits by Bank (2026)

UPI daily transaction limits are set by your issuing bank, not by the forex broker. Here are the current limits for major Indian banks:

BankPer Transaction LimitDaily LimitMonthly Limit
SBI (State Bank of India)₹100,000₹100,000No cap
HDFC Bank₹100,000₹200,000No cap
ICICI Bank₹100,000₹100,000-200,000No cap
Axis Bank₹100,000₹200,000No cap
Kotak Mahindra₹100,000₹200,000No cap
PNB₹100,000₹100,000No cap
Bank of Baroda₹100,000₹100,000No cap
IndusInd Bank₹200,000₹200,000No cap
YES Bank₹100,000₹100,000No cap

Most banks cap individual UPI transactions at ₹100,000. To deposit more, either make multiple transactions or use NEFT/IMPS bank transfer, which has higher limits (₹500,000+ per transaction on most banks).

Broker-Side Deposit Limits

BrokerMin UPI DepositMax UPI DepositDaily Deposit CapMonthly Deposit Cap
Exness₹840 (~$10)₹100,000 per transactionNo broker-side capNo cap
XM₹400 (~$5)₹100,000 per transactionNo broker-side capNo cap

Neither Exness nor XM imposes a daily cap on deposits from their side. The limit you hit is always your bank's UPI limit. You can make multiple UPI deposits per day — each one is a separate transaction.

UPI App-Specific Limits

UPI AppPer TransactionDaily LimitNotes
Google Pay₹100,000₹100,000 (bank dependent)Most widely accepted on broker QR codes
PhonePe₹100,000₹100,000-200,000Fastest scan-and-pay for QR codes
Paytm₹100,000 (KYC complete)₹100,000Requires full KYC for high limits
BHIM₹100,000₹100,000Government app, reliable but basic
Amazon Pay₹100,000₹100,000Works with most UPI broker integrations

How to Deposit Above ₹100,000 Per Day

If you need to deposit more than the standard UPI limit, here are your options:

  1. Multiple UPI transactions: Some banks allow multiple ₹100,000 transactions per day up to a ₹200,000 daily cap. Make 2 separate deposits.
  2. Use NEFT/IMPS: Both Exness and XM accept NEFT/IMPS bank transfers. NEFT has no per-transaction limit (though banks may have their own caps). Processing time: 30 minutes to 4 hours.
  3. Use multiple UPI apps: Link different bank accounts to different UPI apps. Deposit ₹100,000 from Google Pay (SBI) and ₹100,000 from PhonePe (HDFC) for ₹200,000 total.
  4. Split across days: For non-urgent deposits, spread across multiple days. The forex market is open 5 days a week.

Deposit Strategy for Different Account Sizes

Trading CapitalRecommended Deposit MethodFrequency
₹840-10,000Single UPI depositWeekly or as needed
₹10,000-50,000Single UPI depositMonthly rebalance
₹50,000-100,000Single UPI (under limit)Monthly
₹100,000-200,0002x UPI deposits or NEFTMonthly
Above ₹200,000NEFT bank transferMonthly

Troubleshooting UPI Limit Issues

  • "Transaction limit exceeded" error: You have hit your bank's daily UPI cap. Wait until midnight IST for the limit to reset, or use a different bank account.
  • "Insufficient balance" even with funds: Some banks block international payment merchants via UPI during certain hours. Try again during banking hours (9 AM - 5 PM IST).
  • Transaction stuck as "pending": Wait 30 minutes. If still pending, check your bank app for the debit. If debited but not credited to the broker, contact the broker's live chat with the UPI transaction ID.

Start Trading with UPI

Deposit in seconds. Zero fees. Start from ₹400.

Exness XM + $30

Frequently Asked Questions

Which broker has the lowest UPI deposit?

XM at ₹400 (~$5) plus a $30 no-deposit bonus. Exness requires ₹840 (~$10) minimum.

Are UPI forex deposits instant?

Yes, both Exness (5-12 sec) and XM (10-20 sec) process UPI deposits in real time.

Is there a fee for UPI deposits?

No, completely free. No fees from broker, bank, or UPI app. Conversion at interbank rate with zero markup.

Risk Disclaimer: Trading forex and CFDs involves significant risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Verify that forex trading is legal in your jurisdiction before opening an account. This article contains affiliate links.