UPI users: All firms like Google Pay (GPay), Phone Pay (PhonePe), Amazon Pay (Amazon Pay), and Paytm (Paytm) have established a limit for transacting every day, which will affect crores of people in the country. Users will bear the cost of UPI.
Users will bear the cost of UPI. In the modern era, UPI is used by all. There is good news for you if you also use the UPI daily limit to make payments.
The daily transaction cap has been set by all companies, including Google Pay (GPay), Phone Pay (PhonePe), Amazon Pay (Amazon Pay), and Paytm (Paytm), which will have an impact on the nation’s millions of UPI users.
NPCI has provided information by issuing a notification in this regard.
Find out how many transactions may be completed each day
The National Payment Corporation of India has guidelines that state that you can only transact up to Rs 1 lakh over UPI per day at this time.
Additionally, some smaller banks have set this cap at a maximum of $25,000. Let’s see the number of transactions you may make each day using which app.
What is the Amazon Pay maximum limit?
The maximum amount that may be paid through UPI has been set by Amazon Pay at Rs 1,000,000.
The user can only make transactions up to Rs 5000 in the first 24 hours after signing up for Amazon Pay UPI. The number of transactions has also been set at 20 per day on the basis of the bank.
Paytm also set the upper limit
A restriction of up to Rs 1 lakh has been set by Paytm UPI for consumers. Paytm has also transferred the hourly cap along with this.
Paytm has said that you can only complete 20,000 transactions per hour at this time. In addition, only 20 transactions can be completed in a day and 5 transactions can be completed per hour.
What is PhonePe’s maximum amount?
A daily UPI transaction cap of Rs 1,000,000 has been established by PhonePe. Additionally, depending on the rules set forth by the bank, a person may only complete 10 or 20 transactions through PhonePe UPI each day.
Google Pay only allows for ten transactions each day.
There is a cap of 10 transactions total across all UPI apps and bank accounts set by Google Pay, or GPay. Users will only be permitted to complete 10 transactions each day. You will be allowed to transact up to one lakh rupees every day using this.
These apps don’t have a set hourly cap.
Let us inform you that Google Pay and Phone Pay do not have an hourly cap. However, the app will stop working if someone sends you a money request through it for more than Rs 2000.
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