That's BHIM's own limits. UPI limits are 1L per transaction and 1L per day. it works fine on Yes Bank and IndusInd for me/dad.
SBI originally had 10K per transaction and 20K per day limit. But they seem to have increased it to 50K per day/per transaction as per my dad.
Dad tried ICICI today and it failed. I no longer have an ICICI account to test it myself.
so a lady from icici called me up. she started talking about limits of 1-2 lakhs.
it was clear that she was talking about imps/rtgs on their own backend.
i told her that i faced issues on UPI and the app shows that limit is 10K per transaction.
she then repeated the same thing. yes on upi there is a limit of 10K per transaction but i can conduct 10 transactions of 10K for 1L limit.
so basically, no idea if it is for sure as nishant indicates that he can transfer 15K on his icici account on phonepe.
btw. icici mobile app itself allows 2L per transaction on IMPS! 10L per day. i was able to use it to transfer funds as required. not an optimal situation as i hate using their app. but they certainly has made upi useless for larger transactions.
I just wanted to verify what you are saying, so I tried doing transaction of 15k from my digibank to ICICI and ICICI to digibank and it seems you are wrong. i did it from phone pe.
I think it might be the limitation of the bank you are sending to or receiving from. afaik Airtel PB used to have 10k limitation and that too has been stopped as I did 45k UPI from airtel too not long ago.
receiving bank should not have any limit.
the transaction was icici to indusind. indusind lets dad transfer 1L through UPI in one go. and he does transfer ~50K to it through his SBI monthly using phonepe!