UPI Transaction Limit: Little more difficult hereafter..!?

UPI Transaction Limit Per Day: A daily limit has been fixed for all online transactions like GPay, PhonePe, amazon Pay, and Paytm. This will affect crores of people in the country and cause difficulties for those who transact money through UPI. Everyone is using UPI nowadays. Are you in the habit of making payments through UPI? This will be great news for you. All companies like google pay (GPay), phone Pay (PhonePe), amazon Pay (Amazon Pay), and paytm (Paytm) have set daily transaction limits. This is fixed as per National Payments Corporation of india guidelines. The information was given quoting a notification in this regard issued by NPCI.
How much money can be transacted every day?
Now through UPI, you can only transact up to Rs 1 lakh per day. Some banks have set this limit at Rs 25,000. Now know how much you can transact daily through any UPI app.

Maximum daily limit of amazon Pay:
 1,00,000 has been set as the maximum limit for making payments through UPI. After registering for UPI on the amazon Pay app, the user can only transact up to Rs 5000 in the first 24 hours. At the same time, on a bank-by-bank basis, the number of transactions has been fixed at 20 per day.
Daily transaction limit on the paytm app:
Paytm has set a limit of Rs 1 lakh for UPI users. Along with this, paytm has also changed the time limit. paytm said that now only 20,000 rupees per hour can be transacted. paytm says that it can do up to 5 transactions per hour and a maximum of 20 transactions in a day.

What is the daily limit of PhonePe?
 Transaction limit of Rs.1,00,000 was set daily. A person can make a maximum of 10 or 20 transactions per day through PhonePe UPI depending on their bank's guidelines.
Google Pay is limited to 10 transactions:
Google Pay or GPay has set a limit of 10 transactions across all UPI apps and bank accounts. Users can only make 10 transactions in a day. Through this, you can transact up to one lakh rupees per day.

UPI apps without time limit:
No hourly limit is set for google pay and phone Pay. But if someone sends you a money request of more than 2000 rupees through these apps, the app will block it.
For more interesting updates wa click and follow Indiaherald WhatsApp channel

Find out more:

UPI transaction limit

Sowmiya Sriram

09/12/2022 11:59 AM