The Unified Payments Interface (UPI), which was launched by the National Payments Corporation of India (NPCI) a few years ago, has significantly improved our standard of living. UPI has made bank-to-bank money transfers simple and secure, enabling everything from purchasing veggies from roadside vendors to sending money to friends and relatives. However, the government has restricted the number of transactions per day due to accessibility.

A person may use UPI to send a maximum of Rs 1 lakh per day, as per NPCI regulations. Smaller banks like Canara Bank only permit Rs 25,000 whereas larger banks like SBI have put the daily UPI transaction limit at Rs 1, 00,000. The restriction varies from bank to bank. There is a cap on the total amount of UPI transfers that can be made in a day in addition to the money transfer cap. Twenty transfers are permitted per day using UPI. One must wait 24 hours before the restriction can be renewed after exceeding it. The cap, however, can change depending on bank policies

GPay UPI Transfer Limit

The daily transaction limit for Google Pay, also known as GPay, is Rs 1,00,000, and it allows for a total of 10 transactions per day across all UPI apps and bank accounts. Notably, if someone sends more than Rs 2,000 in money requests, GPay suspends its daily transaction caps.

PhonePe UPI Transfer Limit

The daily UPI transaction cap has been established by PhonePe at Rs 1,00,000. The cap, nevertheless, could differ from bank to bank. Additionally, depending on the policies of the bank, a person may initiate a maximum of 10 or 20 transactions through PhonePe UPI each day. PhonePe offers money requests up to Rs 2,000 each day, just as GPay.

Paytm UPI Transfer Limit

Paytm allows its users to transfer the same amount of money, that is Rs. 1,00,000. However, there are other limits set for the users by the application and you must check them out below:

• Paytm daily money transfer limit- Rs 1,00,000
• Paytm hourly money transfer limit- Rs 20,000
• Paytm number of transactions per hour- 5.
• Paytm number of transactions per day- 20

Amazon Pay UPI transfer limit

Amazon Pay has also set the maximum money transfer limit through UPI at Rs 1,00,000. Notably, in the first 24 hours after registering for Amazon Pay UPI, users can only transact up to INR 5,000. The number of transactions per day is set up to 20 depending on the bank.

CLICK ON THE BELOW PROVIDED LINKS TO FOLLOW KASHMIR NEWS ON: 

• FACEBOOK
• TWITTER
• TELEGRAM
• INSTAGRAM
• YOUTUBE

OUR APPLICATION IS ALSO LIVE ON GOOGLE PLAY STORE, DOWNLOAD OUR MOBILE APPLICATION