In most cases, you cannot transfer Rs. 5 lakh through UPI. The standard UPI transaction limit is capped at Rs. 1 lakh per transaction.
However, there are exceptions:
Specific categories: UPI allows transfers of up to Rs. 5 lakh for payments to verified merchants in specific categories like hospitals and educational institutions.
Other categories: Some other categories like capital markets (investments) may have higher limits (up to Rs. 2 lakh).
To confirm if your transfer qualifies for a higher limit:
Check if the recipient is a verified merchant in the healthcare or education sector.
Look into the category of the transaction (if it is not for merchants).