Do you also make UPI payment through third party apps like Paytm, GPay and PhonePe. So do you know that there is a different limit for payment through UPI on each app. On the other hand, on Paytm, it is fixed on the basis of hours. Read this news…
How easy has the UPI Payment System made the life of common people. Be it making payments to the vegetable vendor on the roadside or at the showroom of fashionable brands in the mall, UPI is well-liked everywhere. But do you know that the transaction limit (UPI Transaction Limit) is fixed on different UPI payment apps like Paytm , GPay and PhonePe . Know what is the limit on which app…
UPI payment limit
Bank 2 Bank real time transfer takes place in the UPI payment system . That’s why different banks have fixed different daily limits for this. According to the guidelines of the National Payment Corporation of India (NPCI) , a transaction of Rs 1 lakh can be done every day from UPI. Although some small banks have fixed its limit up to Rs 25,000.
Hourly limit on Paytm
Paytm app is very popular among people for UPI payment. The daily maximum limit of UPI payment on this app (UPI Daily Transfer Limit) is Rs 1 lakh only. At the same time, you can do maximum 20 UPI transactions with this app in a day. But the UPI payment limit on Paytm also varies according to the hour.
You cannot transfer more than Rs 20,000 on Paytm within 1 hour. At the same time, every hour you can do only a maximum of 5 UPI transactions with this app.
UPI payment on PhonePe, GPay
Apart from Paytm, apps like PhonePe and Google Pay are also popular among people for UPI payment. The daily transfer limit on these too is Rs 1 lakh. While GPay offers the facility of 10 transactions in a day, while on PhonePe this limit is up to 10 or 20 depending on the bank.
There is no hourly limit on both these apps. But one special thing is that if a person sends you a money request of more than Rs 2,000 on these apps, then these apps halt it.
