Coinbase’s India Payment Guide Lists UPI for Rupee Deposits

Coinbase’s India payment guide lists Unified Payments Interface (UPI) for rupee deposits alongside Immediate Payment Service (IMPS), documenting two funding methods for customers using the exchange’s India trading service.

The guide lists UPI for deposits but not withdrawals. Its stated limit is 100,000 rupees per transaction per day, and separate funding instructions allow up to three UPI transactions daily. Those instructions do not specify an aggregate daily ceiling.

IMPS is listed for both deposits and withdrawals, with a deposit limit of 500,000 rupees per transaction. Coinbase named IMPS when it announced direct rupee funding for Indian customers on May 31, 2026. That announcement did not name UPI, and the payment guide does not establish when UPI deposits became available.

Rupee deposits must come from a verified linked bank account. Customers who link a bank account to add rupees permanently lose the ability to send crypto from that Coinbase account.

Coinbase’s May launch announcement included spot crypto trading and perpetual futures for Indian customers. Its India feature list describes crypto trading and names perpetual futures, but does not list crypto options or tokenized U.S. stocks. The absence of those products from the list does not establish whether options are available through any other service.

A June 16 Coinbase announcement outlined plans for tokenized stocks for customers outside the United States, as well as crypto and stock options. It did not specify whether Indian customers would be eligible. Coinbase completed its acquisition of crypto options exchange Deribit in August 2025, giving it options infrastructure beyond its India offering.

UPI is operated by the National Payments Corporation of India (NPCI), which runs India’s retail payment and settlement systems. In April 2022, NPCI said it was unaware of any crypto exchange using UPI at the time. Its statement did not announce a ban.