UPI Transaction limit Fixed,know how many transactions can be done in a day
A unified Payments Interface (UPI) is the most widely used payment method in India. Digital payment method is available almost everywhere and it has reduced the burden of carrying cash or a wallet to a great extent. The ease of using the service directly from a smartphone has helped in its widespread adoption and the option of using the service through various apps such as Google Pay, PhonePe, Paytm, Amazon Pay, and others has enabled small vendors and business owners to have also helped in accepting payments. But did you know that there is a limit to the amount you can transact through UPI? According to the National Payments Corporation of India (NPCI), a user can transfer only up to Rs 1 lakh through UPI in a day. Also, the amount you can transfer through UPI in a day also depends on your bank and the app you are using.
Paytm Pay
As per NPCI, Paytm also allows payments up to Rs 1 lakh only in a day. Also, Paytm has no restrictions when it comes to UPI payments.
Google Pay
Google Pay or GPay users cannot send more than Rs 1 lakh through UPI in a day. Apart from this, the app also does not allow users to do more than 10 transactions in a day. This means you can either do a single transaction of Rs 1 Lakh or up to 10 transactions of different amounts.
Amazon Pay
Amazon Pay allows payments up to Rs 1 lakh through UPI. The app allows 20 transactions in a day and new users can transact up to Rs 5,000 only in the first 24 hours.
Phone Pay
Phone Pe’s transaction limit is almost similar to Google Pay, with a payment limit of Rs 1 lakh for a day, but the app does not have a limit of 10 transactions in a day. There is also no hour limit for this.