UPI Transaction Daily Limit 2023
Presently, the government is promoting digital payments, and people are using digital payment methods the most. Small shops like juice shops and grocery stores are also accepting payments through UPI.
On the other hand, there is a limit on money transactions through UPI. Popular apps like Paytm, PhonePe, GPay, and Amazon Pay are widely used for small transactions. Here is the complete information about the UPI new transaction limit for 2023.
UPI Transaction Daily Limit 2023 ★Limit:
In India, Unified Payments Interface (UPI) has been widely adopted for the past few years. The National Payments Corporation of India (NPCI) has set a daily UPI transaction limit.
All users can make payments up to ₹100,000 in a day using UPI. After this, users have to wait for 24 hours to make the next payment. Different banks may have different limits, and users need to renew the limit after 24 hours.
UPI Transaction Daily Limit 2023:
The National Payments Corporation has set a new transaction limit for UPI users. Now, users can make 15 to 20 transactions in a day through the UPI application. After reaching this limit, users have to wait for 24 hours and then renew the limit.
For first-time users of UPI, there is a transaction limit of ₹50,000. Different UPI applications have different transaction limits. Here are the limits for popular apps:
★Google Pay: Users can make transactions up to ₹1 lakh in a day. This can be done only once or in multiple transactions.
★Paytm: Paytm allows users to make transactions up to ₹20,000 in 1 hour. There is a minimum of 20 transactions allowed, and the maximum limit is ₹1 lakh.
★PhonePe: Users can make transactions up to ₹1 lakh in a day. The maximum limit may vary depending on the user’s bank account.
★Amazon Pay: Similar to other UPI applications, Amazon Pay allows users to make transactions up to ₹1 million in a day.
Please note that these limits are subject to change and may vary based on the user’s bank account and the UPI application used.
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Note: This article is written in English.
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Summary at glance
The Indian government is actively promoting digital payments, and people are increasingly using digital payment methods such as UPI (Unified Payments Interface). Even small shops like juice shops and grocery stores are now accepting payments through UPI. However, there are limits on the amount of money that can be transacted through UPI. The National Payments Corporation of India (NPCI) has set a daily limit of ₹100,000 for UPI transactions. After reaching this limit, users have to wait for 24 hours before making another transaction. Different banks may have different limits, and users need to renew their limits after 24 hours. Some popular UPI applications like Paytm, PhonePe, Google Pay, and Amazon Pay also have their own transaction limits. For example, Google Pay allows transactions up to ₹1,00,000 per day, while Paytm allows transactions up to ₹1,00,000 per hour with a maximum of 20 transactions. PhonePe allows transactions up to ₹1,00,000 per day, and Amazon Pay allows transactions up to ₹1,00,000 per day as well.
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