UPI Daily Limit, Transaction on PhonePe, GPay, BHIM UPI etc

Know your UPI Transaction Limit Per Day on PhonePe, Google Pay, BharatPe, Amazon Pay, BHIM UPI and others offered by Banks and Payment Apps registered by you…

The Unified Payments Interface (UPI) is a technique that enables the operation of several bank accounts using a single mobile application. Consequently, a single application can handle banking functions, money transfers, and vendor payments. It enables the bank to easily manage collection requests and payment requirements.

UPI uses preexisting technologies such as the Immediate Payment Service (IMPS) and the Aadhaar Enabled Payment System (AEPS) to facilitate receipt and payment across multiple bank accounts. After establishing a recipient, UPI allows money to be sent without the need for credit or debit cards, net banking, or account information. However, it is critical to understand the UPI payment limit, which we shall discuss in this article.

Limit on Certain UPI Transactions

Banks may establish their own UPI transaction restrictions within the NPCI limit to provide their customers with additional protection. As a result, several banks have used their rights and reduced their customers’ UPI transaction limits. The restrictions on UPI transactions vary per bank. Depending on the bank, they might be anything between INR 10,000 and INR 1 lakh.

For example, the maximum amount you may send by the BHIM UPI App in a single transaction is INR 1 lakh, and you can only transfer up to INR 1 lakh daily. Similarly, Indian banks have established their own daily and transaction restrictions. If you reach your daily or transaction limit, you cannot conduct any more UPI transactions.

Google Pay Limit Per Day

  • A maximum of Rs 1,00,000 may be sent daily across all UPI applications.
  • No more than ten times per day across all UPI applications.
  • A maximum of Rs 2,000 may be requested from another individual/party.

PhonePe Daily Limit

  • A maximum of Rs 1,00,000 may be sent daily across all UPI applications.
  • Maximum of ten times per day across all UPI applications.

BHIM UPI Limit Per Day

A customer may transfer up to Rs 40,000 in a single transaction and a limit of Rs 40,000 per day for a single bank account. This UPI transfer limit is per BHIM-linked bank account. The State Bank of India introduced BHIM SBI Pay as its own mobile payment app. It is available to SBI account holders as well as customers of other banks that use UPI. The payments are sent using a Virtual Payment Address (VPA).

Depending on the linked bank, the BHIM UPI is also allowed upto one lakh rupees before making a one lakh transaction, you must check whether your bank is supported or not.

Amazon Pay Limit for a Day

Similarly, Amazon Pay also offered a daily limit of one lakh rupees, customers of Amazon Pay can make UPI transactions as per their linked bank guidelines along with Amazon Pay policy.

BharatPe Daily Limit

BharatPe is also one of the leading UPI payment apps in the country, and it offers instant loans based on customer business transactions. As per the NPCI & RBI Guidelines BharatPe also offered a daily transaction limit of upto 1 lakh rupees.

UPI Daily Transaction Limit Per Day

There are a huge number of Government and Private organised payment banks that have provided UPI Payment services to their customers. Every UPI service provider must follow the RBI and NPCI Guidelines to provide the service.

So, every bank or app can provide a daily UPI transaction limit of upto one lakh, in case any user has less limit, they can contact their bank to request enhancement of UPI transactions upto one lakh rupees.

Which permissions are necessary to utilize the UPI App?

Generally, a camera is needed to scan QR codes, and messaging skills are necessary to transmit and receive OTP.

Is it necessary to do a separate KYC to utilize the UPI feature?

No. The bank’s pre-existing KYC is acceptable. However, if someone has not provided their registered mobile number (RMN) and associated it with their account.

Is it possible to increase the present UPI transaction limit?

Certain banks provide the option of decreasing the quantity and number of UPI transactions. This is accomplished by a visit to their online net banking website.

What fees are associated with UPI transactions?

The NPCI has stated in its circular that UPI transactions will incur no extra costs. As a result, these transactions may be started for free.

What is the Maximum UPI Transaction amount for international transactions?

International transactions are not yet supported by the UPI money transfer function.

by PAVZI
Hi, I'm Pavzi. I have 15 Years of Experience in the Financial Industry; here, I have posted various Financial Updates and Money Matters with How-to Guides according to the Latest Fintech News updates.

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