The growing trend of UPI payments can be gauged from the fact that more than 200 million UPI transactions are done daily. But along with this it is also important to know that a limit has also been fixed for doing UPI transactions.
New Delhi: At present, UPI is becoming the easiest and most popular mode of payment. You can send or request money to anyone anywhere within a few seconds. The growing trend of UPI payments can be gauged from the fact that more than 200 million UPI transactions are done daily. But along with this it is also important to know that a limit has also been fixed for doing UPI transactions.
BHIM UPI limit is Rs 1 lakh
According to the information available on the website of National Payment Corporation of India (NPCI), a maximum amount of Rs 2 lakh can be transacted at a time through UPI. If a user transfers with the help of BHIM UPI, then he can transfer a maximum of Rs 1 lakh in one transaction. According to the information available on the NPCI website, the limit for one day from a bank account is only Rs 1 lakh.
Can do 10 transactions in a day
According to the information available on the website of HDFC Bank, India’s largest private bank, with the help of HDFC Bank UPI, you can make payments through UPI 10 times in a day, the total value of which cannot exceed Rs 1 lakh.
There are three types of limits
National Payment Corporation of India (NPCI) has given freedom to all banks to set the limit of UPI payment according to their convenience. This limit may be different for different banks. There are mainly three types of limit for UPI payment. The first limit is the maximum transaction value in a day. The second limit is the maximum number of transactions in a single time and the third limit is the maximum number of transactions in a day.
