UPI Transaction Limits of Paytm, SBI,Google Pay and Phonepe

The UPI gives you the easiest way of fund transfer but there are limits of transactions. The NPCI which runs the UPI platform has set the limit for transactions. Besides this, Every UPI app operators, be it Phonepe, SBI Pay, Tez of Paytm has also set their own limit within the limits of the UPI system.

The fund transfer through the UPI payment system has 3 types of limit. Every UPI App has to work within this limit. The apps can’t exceed the limit set by the NPCI. However, they can put their own sub-limit.

1- Daily Limit

The UPI Payment system has set a limit on the daily transaction. You can’t send more than the maximum permitted amount in a day. The limit of daily UPI transaction is ₹1 lakh/day for a account. However, the UPI 2.0 has relaxed this limit to 2.0 lakhs for some specific cases. The clarity is awaited for this higher limit.

2- Per Transaction Limit

The UPI System does not have any limit for the per transaction. You can send money up to ₹1 lakh in a transaction. However, Some UPI apps have set a limit for the per transaction.

3- Number of Transaction

There is also a limit to the number of transactions. You can’t make more than 10 payments in 24 hours from an account. Earlier this limit was 20 per day. But now the UPI has reduced the limit as many people were using the UPI platform multiple times just to earn rewards.

Note, this limit is not applicable if you make a payment to the merchant. The limit is only for the Peer to Peer Transfers.

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