If you also use UPI, then you must know that UPI transaction is undoubtedly very convenient, but there is a limit to transact with it.
Apart from this, there is also a limit on the number of daily transactions. Digital transactions have increased very fast in the last few years. In this case, some time ago, financial technology company Worldline India had released a report for the third quarter, in which it was told that people in India are using UPI fiercely through mobile. UPI continues to dominate digital transactions both in terms of value and volume. Both the number and value of transactions through UPI have almost doubled on a year-on-year basis.
If you also use UPI, then you must know that UPI transaction is undoubtedly very convenient, but there is a limit to transact with it.
According to the guidelines of NPCI, you can transact up to a maximum of Rs 1 lakh in a day through UPI. Every bank has a daily limit for UPI transactions.
This limit may vary from bank to bank. Apart from this, there is also a limit on the number of daily transactions, that is, you cannot transact more than that in a day. Know about it here.
Transaction limit of banks
SBI allows you to do transactions up to Rs 1 lakh, which is also the daily limit. Whereas in Canara Bank this limit is only 25 thousand rupees.
ICICI Bank has set a UPI transaction limit and daily limit of Rs 10,000 for its users. Punjab National Bank’s transaction limit is Rs 25,000, while the daily UPI transaction limit is Rs 50,000. Apart from this, the UPI transaction and daily limit is fixed at Rs 1 lakh each in HDFC Bank and Bank of India.
UPI transfer number limit
Apart from the daily transaction limit, there is also a limit on the number of payment transfers through UPI. You cannot transact money more than that limit. To increase the limit, you have to wait for the next 24 hours.
Through Paytm, you can do 5 transactions in an hour and only 20 transactions in a day. At the same time, Google Pay users can do only 10 transactions in a day. If you use PhonePe, then it can be transacted only 10 or 20 times in a day and 20 transactions can be done in a day with Amazon Pay.
