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Pay using UPI ? Know UPI Transaction Limits

Know UPI Transaction Limits

As per today, almost everyone use UPI for online transactions and send money transactions. This is just to improvise the digital world despite using cash in hand. This news may be much beneficial for you. You must be knowing that your bank puts a transaction limit on you ! UPI apps, UPI Transactions, UPI limits, Payment Failure, UPI Offers, UPI Limit exceeded — Hello guys how are you all ? Hope you are all enjoying all the offers and deals posted in our Telegram Channel. In this post we are going to discuss the limits that are set on you by your bank for doing any UPI transactions.

Bank UPI Limits

You can make your payments through your UPI apps only upto a certain limits. Each and every bank has its own daily limits for UPI transactions. This means that you can send or receive money only upto a certain amount for the day. Besides this, different Banks has different amount limits for how much amount of money can be transacted in one single transaction.

According to the guidelines of NPCI, you will be able to do transactions up to Rs 1 lakh in a day through UPI. This limit may vary from bank to bank. The daily limit in Canara Bank is only Rs 25,000 while in SBI the daily limit is Rs 1 lakh.

Limit on the number of transactions per day 

Besides 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 transfer limit is set at 10 transactions, thereafter, it may increase to 20 transactions to some of the banks. Once the limit is exhausted, one has to wait for 24 hours to renew the limit. However, the limit may differ from bank to bank.

PayTm UPI Transaction Limit 

PayTm App 🔽

Paytm UPI has set a maximum limit of Rs 1 lakh per day for UPI users. On the other hand, now you will be able to do transactions of only Rs 20,000 in an hour with Paytm. Through PayTm app, you can do 5 transactions in an hour and only 20 transactions in a day.

Google Pay UPI Transaction Limit

Google Pay App ⤵️

Google Pay has also fixed the maximum transaction limit to 10 transactions in a day. Users will be able to do only 10 transactions in a day from this app. At the same time, an amount of up to one lakh rupees can be transferred through this app in a day. However, Google Pay has not set any limit for transactions every hour.

PhonePe UPI Transaction Limit

PhonePe App 👇

PhonePe has also fixed the maximum amount of Rs 1 lakh in a day through UPI. Where, now anyone can do maximum 10 or 20 transactions in a day through this app. PhonePe has also not fixed any hourly transaction limit.

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Amazon Pay UPI Transaction Limit

Download Amazon Pay App

Amazon Pay has also fixed the maximum limit for making payments through UPI in a day at Rs 1 lakh. At the same time, it has kept the limit of transaction 20 every day. Amazon Pay has fixed a transaction limit of Rs 5,000 for new users after registering on UPI in the first 24 hours.

Mobikwik UPI Transaction Limit

Download Mobikwik App

Bank-Wise UPI Transaction Limit

Bank Name Per Transaction Limit (INR) Per Day Limit (INR)
Axis Bank 1,00,000 1,00,000
Bank of Maharashtra 10,000 20,000
Bank of Baroda 25,000 50,000
Canara Bank 1,00,000 1,00,000
CitiBank 1,00,000 1,00,000
Federal Bank 1,00,000 1,00,000
HDFC Bank 1,00,000 1,00,000
ICICI Bank 10,000 10,000
IDBI Bank 25,000 50,000
Kotak Bank 25,000 50,000
Punjab National Bank 1,00,000 1,00,000
State Bank of India 1,00,000 1,00,000
Standard Chartered Bank 1,00,000 1,00,000
Union Bank of India 1,00,000 1,00,000
Yes Bank 1,00,000 1,00,000

 

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Conclusion :

In this post, we have discussed the different limits for UPI transactions today. Hope you liked the post. Do share this post with your friends, family and groups.

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