UPI Payment Limit: In the last few years, the use of the UPI Payment System has increased very fast in the country. In the year 2016, the National Payments Corporation of India (NPCI) introduced a new payment system. The name of this system is UPI. According to NPCI data, more than 200 million UPI transactions are done every day in India. IMPS system is used in UPI, through which you can transfer money from one account to another within a few minutes. You do not have to pay any kind of fee for UPI payment, but did you know that NPCI has set a limit of payment through UPI in one day? Tell us how much money you can transfer through UPI transactions in a day.
NPCI has set three different limits
- For UPI payments, there are three different upper limits.
- The first limit is the maximum number of transactions you can make.
- how much cash can be exchanged at once?
- How many transactions may be completed in total in one day?
What is the limit of BHIM UPI?
Let us inform you that UPI allows you to transact money at any moment throughout the day. You can only conduct up to Rs 2 lakh worth of transactions every day using the UPI app. The BHIM UPI app, on the other hand, allows you to conduct transactions up to a maximum of Rs 1 lakh.
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Know UPI limit according to banks,
Let us inform you that the largest public sector bank in the nation, State Bank of India, allows its clients to send up to 1 lakh rupees each day via UPI. Customers of the following banks can also earn Rs 1 lakh every day: HDFC Bank, ICICI Bank, Bank of Baroda, Axis Bank, and Punjab National Bank. Transactions can be done through UPI. Whereas HDFC Bank and ICICI Bank customers can do a maximum of 10 transactions in a day through UPI. On the other hand, Google Pay users can only transfer up to Rs 25,000 in a day through UPI.
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