For the first 24 hours after creating your UPI ID - you can pay/transfer/spend upto Rs. 5,000 and do a maximum of 10 transactions per day (person to person).

After 24 hours of creating UPI ID, the limits are as follows:-

► Per Transaction Limit - ₹1 Lakh 
► Daily Transaction Limit - ₹1 Lakh
► Daily Transaction Count - 10 (Does not apply to merchant payments)
► Monthly Transaction Limit - ₹31 Lakhs
► Monthly Transaction Count - 620
 
Note: These limits are for full KYC