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UPI Transaction Limit
In the era of digital cash, now people prefer to do online transactions instead of cash. Online transactions are increasing rapidly across countries. There are many people who also pay through UPI.
If you also pay through UPI, then this news is very useful for you. Do you know that your bank imposes a UPI transaction limit on you? You can make payments through the UPI app only up to a limit. Every bank has a daily limit for UPI transactions. This means that you can send or receive money only up to a certain amount in a day.
Apart from this, how much money can be sent or received through UPI at a time. Different banks have different limits on this too. However, there is no need to pay any additional charges for making payments through these payment apps.
Transaction Limit
According to NPCI guidelines, you can transact up to Rs 1 lakh in a day through UPI. This limit may differ from one bank to another. The daily limit in Canara Bank is only Rs 25,000 while in SBI the daily limit is Rs 1 lakh. Along with the money transfer limit, there is also a limit on the number of UPI transfers that can be done in a day.
The daily UPI Transaction limit has been set at 20 transactions. After the limit is over, one has to wait for 24 hours to renew the limit. However, different UPI apps have different limits. Let us now check that through which app you can do how much transaction every day.
Amazon Pay
Amazon Pay has fixed the maximum limit for payment through UPI at Rs 1 lakh. After registering on Amazon Pay UPI, users can transact only up to Rs 5000 in the first 24 hours. At the same time, on the basis of the bank, the number of transactions per day has been fixed at 20.
PhonePe
PhonePe has also capped the maximum amount of Rs 1 lakh in a day through UPI. At the same time, through this app, a maximum of 10 or 20 transactions can be done in a day. PhonePe has not fixed any hourly transaction limit.
Google Pay
With Google Pay or Gpay, Indian users can make payments up to ₹1 lakh through UPI throughout the day. However, you can do only 10 transactions in a day. That is, you can complete 10 transactions of maximum 10-10 thousand in a day. However, Google Pay has not set any hourly transaction limit.
Paytm
Through Paytm UPI, you can transfer only Rs 1 lakh in a day. At the same time, now you can transfer only Rs 20,000 in an hour from Paytm. Through this app, you can do 5 transactions in an hour and only 20 transactions in a day.