UPI error code · Limits
UPI error U03: Per-transaction amount limit exceeded
The amount is higher than the per-transaction cap set by the customer's bank or UPI profile.
Apps may show it as: “per transaction limit”, “amount too high”
- Who declined it
- Customer / PIN
- Type
- Limits
- Money debited?
- Usually no debit
- Refund
- No debit
Is money deducted on UPI error U03?
Usually not: U03 is normally declined before the debit. Confirm with your bank SMS or passbook rather than the app tile.
How to fix UPI error U03
Split the payment, use another bank account, or raise the bank's UPI per-transaction limit in the bank app if the bank allows it.
Shopkeepers: is U03 a problem with my QR?
For hospital, education, and capital-market MCC codes, NPCI allows higher P2M caps — a consumer VPA will still fail.
Never release goods on a green screenshot alone. Match the UTR in your bank SMS, ledger or soundbox.
If it keeps failing
- Open the failed payment in the app and copy the 12-digit UTR.
- Use Raise issue or Check status in the app first.
- Then call your bank with the UTR, amount and time. NPCI's UPI helpdesk is 1800-120-1740.
- After 30 days without a fix, complain on the RBI ombudsman portal, cms.rbi.org.in.
Related error codes
Last reviewed 26 August 2026. Meaning based on: PhonePe PG: TXN_LIMIT_BREACHED. Apps word codes differently, so if your bank describes U03 another way, trust the bank and keep the UTR.
Sources: PhonePe Payment Gateway error codes · Zerodha NPCI UPI reason codes · RBI TAT for failed UPI (DPSS.CO.PD No.629/02.01.014/2019-20)