UPI Forex Deposit Limits 2026 — Per Transaction, Daily, and Broker Caps
Updated April 2026 • 7 min read
Understanding UPI deposit limits is essential for Indian forex traders. There are three layers of limits that determine how much you can deposit: NPCI system limits, your bank's limits, and your broker's limits. This guide breaks down each layer and shows you how to maximize your deposit capacity.
The Three Layers of UPI Limits
Layer 1: NPCI System Limit
The National Payments Corporation of India (NPCI) sets the overall cap for UPI transactions. As of 2026, the standard per-transaction limit is INR 1,00,000 for person-to-merchant (P2M) payments, which is the category forex broker deposits fall under. This limit applies regardless of which UPI app you use.
NPCI has selectively increased limits for specific categories. Capital markets and insurance premium payments can go up to INR 2,00,000 per transaction. However, forex broker deposits are currently classified under the standard P2M category, so the INR 1,00,000 limit applies.
Layer 2: Bank-Level Limits
Your bank can set limits lower than the NPCI cap. Many banks do this for security reasons. Here are the default UPI limits at major Indian banks:
| Bank | Per Transaction | Daily Limit | Can Increase? |
|---|---|---|---|
| SBI | INR 1,00,000 | INR 1,00,000 | Yes (branch) |
| HDFC Bank | INR 1,00,000 | INR 2,00,000 | Yes (net banking) |
| ICICI Bank | INR 1,00,000 | INR 1,00,000 | Yes (iMobile app) |
| Axis Bank | INR 1,00,000 | INR 1,00,000 | Yes (net banking) |
| Kotak Mahindra | INR 50,000 | INR 1,00,000 | Yes (mobile app) |
| Punjab National Bank | INR 25,000 | INR 50,000 | Yes (branch) |
| Bank of Baroda | INR 50,000 | INR 1,00,000 | Yes (branch) |
Notice that some banks like PNB have a default per-transaction limit of just INR 25,000. If you try to deposit INR 50,000 on Exness using PNB, the transaction will fail because it exceeds the bank limit even though it is below the NPCI cap.
Layer 3: Broker-Level Limits
| Broker | Min Deposit | Max Per Transaction | Daily Limit |
|---|---|---|---|
| Exness | INR 300 | INR 1,00,000 | Unlimited |
| XM | INR 500 | INR 50,000 | INR 2,00,000 |
| Octa | INR 750 | INR 1,00,000 | INR 3,00,000 |
How to Deposit More Than INR 1,00,000
If you need to deposit more than INR 1,00,000 in a single day for forex trading, you have several options:
- Multiple UPI transactions — Make several deposits of INR 1,00,000 each. Exness allows unlimited deposits per day.
- Multiple bank accounts — Link multiple bank accounts to your UPI app. Each bank account has its own daily limit.
- Bank wire transfer — For amounts above INR 5,00,000, consider using NEFT or RTGS bank transfer instead of UPI. Higher limits but slower processing.
- Net banking — Most brokers accept net banking deposits which have higher per-transaction limits (typically INR 10,00,000).
How to Check and Increase Your Bank UPI Limit
SBI: Log in to SBI YONO app. Go to Settings, then UPI settings. You can view your current limit. To increase it, visit your home branch with your passbook and ID.
HDFC Bank: Log in to HDFC net banking. Go to Funds Transfer, then UPI, then Manage UPI Limits. You can increase the per-transaction and daily limit online.
ICICI Bank: Open the iMobile Pay app. Go to Settings, then UPI transaction limits. You can adjust limits directly in the app.
Axis Bank: Log in to Axis net banking. Go to Payments, then UPI, then Manage Limits. Online limit adjustment is available.
Effective Deposit Limit by Scenario
Your effective limit is the lowest of the three layers. Here are some realistic scenarios:
| Scenario | NPCI | Bank | Broker | Effective |
|---|---|---|---|---|
| HDFC + Exness | 1L | 1L | 1L | INR 1,00,000 |
| PNB + Exness | 1L | 25K | 1L | INR 25,000 |
| SBI + XM | 1L | 1L | 50K | INR 50,000 |
| Kotak + Exness | 1L | 50K | 1L | INR 50,000 |
The highest effective single-transaction limit comes from using a bank with INR 1,00,000 default (HDFC, SBI, ICICI, Axis) combined with Exness, which also caps at INR 1,00,000.
For a full comparison of brokers, see our best UPI forex brokers guide. For deposit step-by-step, see the UPI deposit guide.
Deposit Up to INR 1,00,000 per Transaction
Exness supports the full NPCI limit with unlimited daily transactions. Zero fees.
Open Exness AccountFrequently Asked Questions
What is the maximum UPI deposit for forex trading?
INR 1,00,000 per transaction (NPCI cap). Your bank may set a lower limit. You can make multiple transactions per day.
Can I increase my UPI limit for forex deposits?
You cannot exceed INR 1,00,000 per transaction (NPCI cap). But you can increase your bank's daily limit through net banking or your bank branch. For larger amounts, use bank wire transfer.
Which bank has the highest UPI limit in India?
HDFC Bank, ICICI Bank, and Axis Bank all allow INR 1,00,000 per transaction by default. HDFC Bank has a daily limit of INR 2,00,000 across multiple transactions.