UPI Payment Daily limit: how much cash you have to spend using GPay, PhonePe..

 

For the vast majority of us, UPI has simplified our lifestyles. The payment mode is one of the most common digital methods. 

The ease of payment may cause you to exceed your daily limit one day. Yes, there may be a daily transaction limit on UPI. Also, take a look at how Google Pay, PhonePe, Payam, and other UPI payment apps restrict transactions: Report. 

When you use UPI to make a payment, you must deal with a number of different apps, banks, and combinations.

 The majority of transactions are still made via PhonePe and G Pay, two non-banking apps. The daily limit could be one of the reasons why transactions fail so frequently.

How To Know About UPI Payment Daily limit?

Payment users can send money to mobile devices that are required to register with third-party UPI apps: Instructions on how to use it There are daily and monthly limits to how much cash you can send or receive. 

Limits may differ depending on the app, UPI, or bank that you use. Also look at: In India, Google Play will now accept UPI Autopay for subscription-based purchases.

UPI money transfer limit:

A person can make a maximum payment of Rs 1 lakh per day through UPI, according to NPCI guidelines. The limit varies by bank, with small banks like Canara Bank allowing only Rs 25,000 and large banks like SBI limiting daily UPI transactions to Rs 100,000.

Per day UPI transfer limit

In addition to the money transfer limit, there is a limit to the number of UPI transfers that can be completed in a single day. The daily limit for UPI transfers is set at 20 transactions.

 After exceeding the limit, one must wait 24 hours before the limit can be renewed. However, the limit may vary depending on bank policies.

Let's take a quick look at the daily UPI transfer limits in UPI payment service providers like GPay and PhonePe.

PhonePe UPI Transfer Capacity

PhonePe has set a daily limit of Rs 100,000 for UPI transactions. However, the limit may differ from one bank to the next. In addition, depending on the bank's guidelines, a person can initiate a maximum of 10 or 20 transactions per day via PhonePe UPI.

Paytm UPI transfer limit

Paytm UPI users can send money up to Rs 1 lakh. There is a transfer limit of 20,000 per Paytm hour. Paytm has a daily transaction rate of twenty and an hourly rate of five.

UPI transfer limit for Google Pay

Google Pay supports up to ten transactions per day across all UPI apps and bank accounts, as well as daily transfers of up to Rs 100,000. GPay removes daily transaction limits if a money request exceeds Rs 2,000.

Limit on Amazon Pay UPI transfers

Additionally, Amazon Pay has limited the amount that may be sent using UPI to Rs. 1,000,000. It should be noted that consumers can only make purchases of INR 5,000 in the first 24 hours after registering for Amazon Pay UPI. The daily transaction cap varies by bank and is twenty.

Conclusion:

It's likely that you have hit the daily limit if you are using the UPI payment gateway for a while. We'll talk about the daily amount or what happens when you reach in this post. Finally, we'll explain how to determine if you've used up your daily allotment.