Union Budget 2026: Safe Limits for Cash & Online Transactions

Cash transaction rules stay unchanged under the new tax law; no new cash limits introduced. Existing cash norms continue.

Cash above ₹20,000 in private dealings (like loans/deposits) can trigger penalties.

Banks report large cash deposits/withdrawals via Statement of Financial Transactions (SFT).

Cash deposit reporting triggers: => ₹50 lakh per FY — report to Income Tax Dept. => Withdrawal thresholds may attract TDS beyond limits.

UPI daily standard limit usually ₹1,00,000 per user per day across apps.

Certain UPI transactions (education, healthcare, travel, govt) may have enhanced limits.

IMPS max typically up to ₹5 lakh per transaction (bank-dependent).

NEFT has no statutory upper cap — useful for high-value transfers.

Always check with your bank for app-specific or bank-set transaction caps