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UPI Deposit Limits for Forex — Daily & Per-Transaction Caps

By Rohan Shah · March 28, 2026 · UPI Payment Rails for Trading Platforms

Updated April 2026 · 5 min read

UPI is the most convenient way for Indian traders to fund a forex account, but it comes with transaction limits set by NPCI and individual banks. Understanding these limits helps you plan deposits and avoid failed transactions. This guide breaks down every limit you need to know.

NPCI Standard UPI Limits

The National Payments Corporation of India (NPCI) sets the baseline limits for all UPI transactions:

• Per-transaction limit: ₹1,00,000 (one lakh)
• Daily limit: ₹1,00,000 (cumulative across all transactions)
• Monthly limit: No specific monthly cap from NPCI
• Number of transactions: Up to 20 per day (varies by bank)

Important: These are the NPCI standard limits. Individual banks may set lower limits for their customers. Some banks also have separate limits for different UPI apps.

Bank-Wise UPI Limits (2026)

Limits as of March 2026. Banks may update limits without notice. Check with your bank for the most current information.

How Brokers Handle UPI Limits

Both XM and Exness allow multiple UPI deposits per day. If you need to deposit more than ₹1,00,000, simply make multiple transactions:

• XM: No limit on number of UPI deposits. Minimum ₹400 per transaction. Each deposit processes instantly and independently.
• Exness: No limit on number of deposits. Minimum ₹840 per transaction. Same instant processing.

For example, if you want to deposit ₹3,00,000 on XM, you can make three separate UPI deposits of ₹1,00,000 each. All three will process instantly, and your total balance will reflect within minutes.

Tips for Large UPI Deposits

1. Split transactions: Break large deposits into ₹1,00,000 chunks to stay within per-transaction limits.
2. Use multiple bank accounts: If your daily limit is exhausted on one bank, use a different linked UPI bank account.
3. Consider bank wire for very large amounts: For deposits above ₹5,00,000, a direct bank wire may be more practical than 5+ UPI transactions.
4. Check your bank's specific limits: Call your bank's customer service or check their app for your current UPI limits.
5. Time your deposits: Daily limits reset at midnight IST. If you need to deposit ₹2,00,000, deposit ₹1,00,000 before midnight and ₹1,00,000 after.

UPI Limit Increases in 2026

NPCI has been gradually increasing UPI limits. In 2024, the limit for certain categories (insurance, education, medical) was raised to ₹5,00,000. For merchant payments (which includes forex broker deposits), the standard ₹1,00,000 limit still applies.

RBI has indicated plans to further increase UPI limits. Any changes will be reflected in this article when they take effect.

What Happens If a UPI Deposit Fails?

• Limit exceeded: The transaction is rejected immediately. Your bank balance is not affected. Try a smaller amount or wait for the next day.
• Technical failure: Money debited but not credited to broker. This is rare but can happen. The amount is automatically refunded to your bank within 48 hours. Contact your broker with the UPI transaction ID for faster resolution.
• Session timeout: If you do not approve the UPI payment within 5 minutes, the broker's deposit request expires. Start a new deposit.

Risk Disclaimer: Trading forex and CFDs involves significant risk and can result in the loss of your invested capital. 74-89% of retail investor accounts lose money when trading CFDs. This article is for informational purposes only. This article contains affiliate links.