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UPI Transaction Limit: In the era of digital cash, now people prefer to do online transactions instead of cash. Online transactions are increasing rapidly in countries. There are many people who pay through UPI as well.
If you also pay through UPI, then this news is very useful for you. Do you know that your bank puts a transaction limit on you? You can make payments through the UPI app only up to a limit. Every bank has a daily limit for UPI transactions. This means that you can send or receive money only up to a certain amount in a day.
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Apart from this, how much money can be sent or received through UPI at one go. Different banks have different limits on this too. However, there is no need to pay any additional charge for paying someone from these payment apps.
Transaction limit
According to NPCI guidelines, you can do transactions up to Rs 1 lakh in a day through UPI. This limit may vary from bank to bank. The daily limit in Canara Bank is only Rs 25,000 while in SBI the daily limit is Rs 1 lakh. Along with the money transfer limit, there is also a limit on the number of UPI transfers that can be done in a day.The daily UPI transfer limit has been set at 20 transactions. After the limit is over, one has to wait for 24 hours to renew the limit. However, different UPI apps have different limits. Let’s check now through which app how much transaction you can do every day.
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