Bandhan Mutual Fund Raises UPI Investment Limit to ₹5 Lakh for Mutual Fund Transactions

In a move aligned with NPCI’s updated policy, Bandhan Mutual Fund has increased the UPI transaction limit for investments to ₹5 lakh per transaction. This is expected to significantly benefit investors using digital platforms by enabling higher investment amounts per transaction. 

UPI Limit Raised to ₹5 Lakh Across Bandhan MUTUAL FUND’s Digital Platforms 

Bandhan Mutual Fund has enhanced its digital infrastructure by increasing the UPI investment ceiling from ₹1 lakh to ₹5 lakh per transaction. This update tailors to over 90% of transactions on Bandhan Mutual Fund’s app and website, as stated by the fund house. The development comes after the National Payments Corporation of India (NPCI) revised the UPI transaction cap for certain categories, including mutual funds. 

Enhancements Enabled Across Major Banks 

This upgraded facility is already functional with several key banking institutions such as HDFC Bank, Axis Bank, Punjab National Bank, Airtel Payments Bank, Federal Bank, IDFC Bank, Yes Bank, AU Small Finance Bank, Ujjivan Small Finance Bank, and Jio Payments Bank. However, successful usage is contingent on individual banks enabling the new limit for their customers. 

Impact on Investment Process and Efficiency 

This development simplifies the investment process for those who prefer digital transactions. Investors can now seamlessly invest larger sums without needing alternative payment methods such as net banking, NEFT, or RTGS for higher-value investments, making the process more streamlined and efficient. 

Read More: Union Mutual Fund Filed Draft for Consumption Fund with SEBI! 

Conclusion 

Bandhan Mutual Fund’s decision to raise the UPI investment limit to ₹5 lakh is a significant step in enhancing digital accessibility for investors. With widespread support from major banks, the move aligns with evolving investor expectations and the broader digital payment ecosystem regulated by NPCI. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.