Ever since the introduction of the UPI payment method in India, it has become one of the best payment methods in India. Since the introduction of this UPI payment method in India, many apps have stepped forward to provide this service, including Google Pay, Paytm, Amazon Pay, and many others that allow customers to pay through UPI. One of the best-serving and most used apps in India is PhonePe. Almost half of the transactions in India are done through PhonePe apps. There are minimum and maximum limits on transactions made through any UPI apps that PhonePe apps or similar apps are bound to follow. PhonePe, Bank – PSP, or other payment participants may also reject/suspend transactions (in whole or in part) based on their respective policies and assessments. Each transaction record of the customer can be reviewed in the “History” section of the UPI apps. In this article, we are going to know about the PhonePe transaction limit per day. Today in this article we will take a look at Phonepe Transaction Limit Per Day For New Users.
Phonepe Transaction Limit Per Day
- Rs 1,00,000 per day per bank account.
- Rs 1,00,000 is the daily limit, the above transactions will fail.
- 10 or 20 transactions are allowed per day.
Phonepe Transaction Limit Per Day For Different Banks
| Phonepe Per day transaction limit (in Rs) | Name of Bank |
| 100,000 | A P Mahesh |
| 100000 | Aditya Birla Bank |
| 1,00,000 | Airtel Payments |
| 1,00,000 | Allahabad Bank |
| 100,000 | Allahabad UP Gramin |
| 1,00,000 | Andhra Bank |
| 25000 | Andhra Pradesh Grameen Vikas |
| 25000 | Andhra Pragathi |
| 100000 | Apna Sahakari |
| 25000 | Assam Grameen |
| 1,00,000 | Axis |
| 100000 | Bandhan |
| 50,000 | Bank of Baroda |
| 20000 | Bank of Maharashtra |
| NA | Baroda Gujarat Gramin |
| 100,000 | Baroda Uttar Pradesh Gramin |
| 40000 | Bassein |
| 200,000 | Bihar Gramin |
| 100,000 | BOI |
| 100,000 | Canara Bank |
| 1,00,000 | Catholic Syrian Bank |
| 50000 | Central Bank of India |
| 100,000 | Chaitanya Godavari Gramin Bank |
| 25000 | Chhattisgarh Rajya Gramin Bank |
| 1,00,000 | Citibank |
| 1,00,000 | Corporation Bank |
| 50000 | Cosmos |
| 1,00,000 | City Union Bank |
| 1,00,000 | DBS Bank |
| 25,000 | DCB BANK |
| 100,000 | Dena BanK |
| NA | Deutsche Bank AG |
| 1,00,000 | Dhanlaxmi Bank |
| 100,000 | Dombivli Nagri Sahakari Bank |
| 1,00,000 | Equitas Small Finance Bank Payments Bank |
| NA | Fino |
| 1,00,000 | Federal bank |
| 100000 | G P Parsik Bank |
| 50000 | Gujarat State Bank |
| 100000 | Hasti |
| 1,00,000 | HDFC Bank |
| 100000 | HSBC Bank |
| 1,00,000 | Indian Bank |
| 10,000 | ICICI Bank |
| 50,000 | IDBI |
| 100,000 | IDFC |
| 100000 | IndusInd Bank |
| 100000 | IndusInd Bank |
| 100,000 | IOB |
| NA | Janta Sahakari Bank |
| 100000 | Kallapanna |
| 100,000 | Karnataka Bank |
| 25000 | Karnataka Vikas |
| 1,00,000 | Karur Vysya Bank |
| 25000 | Kaveri |
| 50000 | Kerala Grameen Bank |
| 50,000 | Kotak bank |
| 100,000 | LVB |
| 25000 | Langpi Dehangi |
| 100,000 | Mahanagar Bank |
| 25000 | Maharashtra Grameen Bank |
| 25000 | Malwa Gramin Bank |
| 25000 | Meghalaya Rural Bank |
| 1,00,000 | Mehsana Urban Co-operative Bank |
| 25000 | Mizoram |
| 40,000 | NKGSB Co-Op Bank Ltd |
| 1,00,000 | OBC |
| 100,000 | PNB |
| 1,00,000 | Punjab and Maharashtra Co-Op Bank Ltd |
| NA | Paytm Payments Bank |
| 20000 | Pragathi Krishna Grameen Bank |
| 25000 | Prathma Bank |
| 25,000 | PSB |
| 25000 | Purvanchal Bank |
| 25000 | Rajasthan Marudhar |
| 100000 | Rajkot Nagrik Bank |
| 100000 | RBL |
| 50000 | Samruddhi Co-Op Bank |
| 50,000 | Saraswat Co-op Bank |
| 25000 | Saurashtra Gramin Bank |
| 100,000 | SBI / State Bank of India |
| 1,00,000 | South Indian Bank |
| NA | Standard Charter Bank |
| 100000 | Standard Chartered Bank |
| 8,00,000 | SUCO SOUHARDA SAHAKARI BANK |
| 100,000 | Surat People Cooperative Bank |
| 20,000 | SVC Bank |
| 50,000 | Syndicate bank |
| 25000 | TELANGANA GRAMEENA BANK |
| 100000 | Thane Bharat Sahakari Bank |
| 100000 | Thane Janta sahakari Bank |
| 25,000 | The Jammu and Kashmir Bank Ltd |
| 100000 | The Kalyan janta sahakari Bank |
| 200000 | The Sutex Co–Op Bank |
| 100000 | TMBL |
| 1,00,000 | UCO |
| 100,000 | Ujjivan Small Finance Bank |
| 100,000 | Union Bank of India |
| 25,000 | United Bank of India |
| 25000 | Uttarakhand Gramin Bank |
| 25000 | Vananchal |
| 40,000 | Varanchha Bank |
| 50,000 | Vijaya bank |
| 1,00,000 | Vishveshwar Co opp Bank |
| 1,00,000 | Yes bank |
PhonePe Transaction Limit Per Day For Businesses
While doing business many times one has to accept or send a large amount of money. It is very troublesome for such business people to go to the bank every time to do transactions. For that, PhonePe gives businessmen the freedom to do as many transactions as they want without putting any limit on their transactions. This benefit only for users who have a business account or shop registered on PhonePe is for the people. General customers can transact within their limits.
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PhonePe Money Transfer Limit Per Day For Wallet
PhonePe wallet means a customer can add his own money to this wallet, and send money to any other person but only to those who have the wallet. Cannot be transferred to any other bank account. PhonePe also limits this transfer to the wallet worn 10,000 per month in this. and Rs.120,000 per annum. is limited. PhonePe does not allow loading of more than 10,000.
It is important to note that this limit may change over time, and users are advised to check with PhonePe for the most up-to-date information. The transaction limit may also vary based on various factors, such as the user’s bank, the bank’s terms and conditions, and PhonePe’s risk management policies.
In addition to the transaction limit, PhonePe also provides a range of security features to protect its users’ finances. For example, the platform uses secure encryption to protect users’ personal information, and it requires users to verify their identities using a one-time password (OTP) before making transactions.
In conclusion, PhonePe is committed to providing a safe and convenient digital payment experience for all its users, including new users. With its transaction limit and robust security features, PhonePe makes it easy for individuals to make online transactions with confidence.
FAQs
- Can I send 50000 through PhonePe?- Yes If Your Limit is Not Crossed.
- Can I increase my UPI daily limit?
– No
3. Can I transfer 2 lakhs UPI?
– No