Synopsis: In the past few years, digital payments in India have surged significantly and UPI payments now account for 97.7% of the total payment transaction value. This article highlights top 5 private sector banks with highest UPI transactions in the month of September 2025.
India is moving towards digital banking and digital payments with the introduction of UPI payments and cash less transactions. We are used to just a few click payments through various UPI platforms making it hassle free by not carrying cash and struggling for change. The highest UPI transactions happen in sectors like grocery, restaurants, parking, hospital etc.
Top 5 Private Sector Banks (PSBs) with Highest UPI Transactions
1. HDFC BANK Ltd
- It is a leading private sector bank in UPI transactions in the month of September with a total volume of 1,536.13 million.
- Approved percentage of 95.06% and technical decline of 0.01%.
- UPI daily transaction limit is Rs. 1 lakh for standard transactions with maximum of 20 transactions per day.
- For new joiners the limit is Rs. 5000 for 72 hours.
- In the month of August the total volume of transactions was 1,581.09 million.
2. Kotak Mahindra Bank
- It is the 2nd most private sector bank in the UPI transaction list in the month of September with a total volume of 965.85 million.
- Approved percentage of 92.30% and technical decline of 0.10%.
- UPI daily transaction limit is Rs. 1 lakh for standard transactions with maximum of 10 transactions per day.
- QR code from gallery limit is Rs. 2000.
- For new joiners the limit is Rs. 5000 for 72 hours.
- In the month of August the total volume of transactions was 978.17 millions.
3. Axis Bank Ltd
- It is the 3rd private sector bank in the UPI transaction list in the month of September with a total volume of 902.48 million.
- Approved percentage of 94.95% and technical decline of 0.01%.
- UPI daily transaction limit is Rs. 1 lakh for standard transactions with maximum of 20 transactions per day.
- For new joiners the limit is Rs. 5000 for 72 hours.
- In the month of August the total volume of transactions was 902. 87 million.
Also read: RBI Launches Offline Digital Rupee: Make Payments Even Without Internet
4. ICICI Bank Ltd
- It is the 4th private sector bank in the UPI transaction list in the month of September with a total volume of 730.11 million.
- Approved percentage of 95.92% and technical decline of 0.01%.
- UPI daily transaction limit is Rs. 1 lakh for standard transactions with maximum of 20 transactions per day.
- For new joiners the limit is Rs. 5000 for 72 hours.
- In the month of August the total volume of transactions was 752.78 million.
5. Airtel Payments Bank Ltd
- It is the 5th private sector bank in the UPI transaction list in the month of September with a total volume of 626.60 million.
- Approved percentage of 84.66% and technical decline of 0.23%.
- UPI daily transaction limit is Rs. 1 lakh for standard transactions through UPI platforms like Google Pay, Phonepe
- In the month of August the total volume of transactions was 637.23 million.
September and August Comparison Data
| BANKS | AUGUST (volume in million ) | SEPTEMBER (volume in million) |
| HDFC Bank Ltd | 1,581.09 | 1,536.13 |
| Kotak Mahindra Bank | 978.17 | 965.85 |
| Axis Bank Ltd | 902.87 | 902.48 |
| ICICI Bank Ltd | 752.78 | 730.11 |
| Airtel Payment Bank Ltd | 637.23 | 626.60 |
Conclusion
Nowadays all the retail shops, grocery stores, transportation, online shopping and various other sectors in India are preferring payments through UPI and less of cash. Indian digital payment and banks are booming with customer transactions being made in millions every day all over India. HDFC bank is leading in the UPI transaction sector.
Written by Soumya M
The post Top 5 Private Banks Dominating UPI Transactions in September 2025 — See Who Leads the Race appeared first on Trade Brains.