UPI Transactions: Thanks to UPI, transferring money has become simpler these days. With the aid of UPI, anyone may quickly transfer money between accounts by just scanning the QR code. You can send and receive little and large amounts with apps like Google Pay, PhonePe, and Paytm. The amount of money you can move between accounts in a single day is limited. Tell us how much money you can transfer using UPI in a single day.
UPI Daily Transfer Limit
A individual can use UPI to transfer up to Rs 1 lakh in a single day, according to the National Payments Corporation of India. The majority of users transfer money using PhonePe, Paytm, and Google Pay. Because of this, you are unable to transfer the maximum amount because these platforms have also set a maximum transfer restriction.
Google Pay
You are unable to deposit more than Rs 1 lakh into your Google Pay account. Aside from this, a day cannot contain more than ten transactions. This will be relevant to every user of UPI.
Amazon Pay
The maximum amount that can be transferred using UPI with Amazon Pay in a single day is Rs 5,000, although this is only applicable during the first 24 hours after enrolling.
Paytm
The highest amount that may be transferred with Paytm is Rs 1 lakh. Up to Rs 20,000 can be sent in an hour with Paytm. Additionally, Paytm UPI allows for a limit of five transactions per hour and twenty transactions per day. Daily UPI limits are also based on the user's account and bank.
Phone Pay
Users can share up to Rs 1 lakh under Phone Pay as well. This cap is also based on the user's usage and bank account.
BHIM App
The daily BHIM UPI transaction limit for all banks is set at ₹1 lakh (Rs 100,000) by the National Payments Corporation of India (NPCI). For the first 24 hours, new users can only transact up to ₹5,000. The cap is available for each linked bank account on BHIM.