UPI Transaction Limit Per Day: All companies like Google Pay (GPay), Phone Pay (PhonePe), Amazon Pay (Amazon Pay) and Paytm (Paytm) have fixed the limit for transacting every day, which will affect crores of people in the country. UPI will fall on the users.
UPI Transaction Limit: In today’s time everyone is using UPI. If you also make payment through UPI (UPI daily limit), then there is big news for you.
All companies like Google Pay (GPay), Phone Pay (PhonePe), Amazon Pay (Amazon Pay) and Paytm (Paytm) have fixed the limit for doing transactions every day, which will affect crores of UPI users in the country. Information has been given by issuing a notification in this regard from NPCI.
According to the guidelines of the National Payment Corporation of India, now you can transact only up to Rs 1 lakh per day through UPI.
At the same time, some small banks have fixed this limit up to 25,000. Let’s check now through which app how much transaction you can do every day.
What is the limit of Amazon Pay?
Amazon Pay has fixed the maximum limit for payment through UPI at Rs 1,00,000. After registering on Amazon Pay UPI, the user can transact only up to Rs 5000 in the first 24 hours. At the same time, on the basis of the bank, the number of transactions has been fixed at 20 every day.
Paytm also fixed the limit
Paytm UPI has fixed a limit of up to Rs 1 lakh for the users. Along with this, Paytm has also transferred the limit per hour. Paytm has told that now you can do only Rs 20,000 transactions every hour. Apart from this, 5 transactions can be done per hour and only 20 transactions can be done in a day.
What is the limit of PhonePe?
PhonePe has set a daily UPI transaction limit of Rs 1,00,000. In addition, a person can do a maximum of 10 or 20 transactions per day through PhonePe UPI depending on the bank’s guidelines.
Only 10 transactions can be done with Google Pay
Google Pay or GPay has set a total limit of 10 transactions across all UPI apps and bank accounts. Users will be able to do only 10 transactions in a day. With this, you will be able to do transactions up to one lakh rupees per day.
There is no hourly limit in these apps
Let us tell you that no hourly limit has been fixed on Google Pay and Phone Pay. However, if any person sends you money request of more than Rs 2000 through this app, then the app will halt it.
Courtesy - Business League 12th March 2023
Rx Financial services is in business of risk management we serve clients across various sector like education, real estate, infra, manufacturing and services.We serve Businesses, High-net-worth individuals, NRI and their families.
We believe in nurturing trusted relationships that leverage the power of our collective expertise.
Call us or write back to us for an Absolutely Free Consultation.
+91 9322595986 / Email rajput@rxfinserve.com
Comments