UPI allows transactions up to Rs 2 lakh, while NEFT usually has an upper limit of Rs 10 lakh on the amount that can be transferred
UPI transactions are generally free, while some banks may charge a nominal fee for NEFT transactions
Both UPI and NEFT use encryption and other security measures to protect user data
UPI has a user-friendly interface with options to link multiple bank accounts, while NEFT requires an account number and IFSC code for each transaction
UPI has seen a significant rise in adoption since its launch in 2016, while NEFT has been in use since 2005
UPI transactions are completed within seconds, while NEFT transactions may take longer depending on the bank's processing schedule
UPI is more commonly used for smaller transactions, while NEFT is often used for high-value transfers
UPI can be accessed easily through a mobile app, while NEFT requires internet banking, visiting a bank branch or phone app
UPI requires a UPI PIN to complete a transaction, while NEFT requires verification through OTP or net banking credentials