UPI Payment Limit Set: Today everyone is using UPI Payment System. There are many types of UPI apps in the market which have started providing transaction facility according to the daily limit. Know what is this limit?
UPI Transaction Limit: Today every second person is using digital mobile phone, in which most of the people have joined UPI Payment System. They definitely have many advantages on joining this system. In which mainly the hassle of keeping cash (Case Rupee) is reduced. This system has made life easier for common people.
UPI payment everywhere
Now every vegetable seller, fruit seller, or at the showroom of small and big fashionable brands in the mall, UPI is being liked a lot everywhere. UPI payments are also deposited directly into their bank accounts, eliminating the hassle of carrying cash. That’s why people use it often. Do you know that different UPI apps like PhonePe, Paytm and GPay give transaction limit (UPI Transaction Limit). Know what is the limit on which app on UPI payment.
This is the limit on UPI payment
UPI Payment System means Bank 2 Bank Real Time Money Transfer. 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. Some small banks have fixed its limit up to Rs 25,000. It is known that every bank has fixed different daily limits.
Paytm charges by the hour
Most people use the Paytm app for UPI payment. The daily maximum limit of UPI payment on this app (UPI Daily Transfer Limit) is up to Rs 1 lakh. You can do maximum 20 UPI transactions in a day. The UPI payment limit on Paytm varies from hour to hour. Please tell that on Paytm you cannot transfer more than Rs 20,000 in 1 hour. Whereas every hour you can do maximum 5 UPI transactions with this app.
1 lakh limit on PhonePe, GPay
UPI transfer from PhonePe and Google Pay (GPay) apps and you pay to anyone. The daily transfer limit on these too is Rs 1 lakh. At the same time, GPay provides the facility of 10 transactions in a day. This limit on PhonePe is up to 10 or 20 depending on the bank. There is no hourly limit on both these apps.
