17 hrs ago

Axis Bank Adds Separate UPI Limits for Payment Categories

Axis Bank has added a way to control UPI payment limits more precisely.

Customers can choose different limits for payments to people, Indian businesses and eligible businesses abroad.

This means one type of payment can have a higher limit than another.

Customers can change these limits in the Axis Mobile Banking App.

They need to confirm changes with an MPIN and an OTP.

The new limits work across all UPI apps connected to their Axis Bank account.

Smaller limits may help reduce the impact of accidental or unauthorised payments.

Axis Bank says the feature is part of its Safe Banking approach.

Key facts

Payment categories: Person-to-person, domestic merchant and international merchant payments.
Access path: Quick Links → Safety Centre → UPI Module → Control Centre in the Axis Mobile Banking App.
Authentication: MPIN and OTP verification are required to change limits.
Confirmation: Customers receive in-app notifications and SMS alerts after changes.
Cross-app coverage: Configured limits apply across all UPI applications linked to the customer’s Axis Bank account.
Bank initiative: The feature is part of Axis Bank’s Safe Banking proposition.
Related feature: Axis Bank also introduced an International Travel Declaration feature for eligible credit card customers.

businesstoday.in · 14 hrs ago