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UPI Transaction Daily Limit: While UPI is one of the most popular ways to make payments, it keeps on improving as well as changing from time to time. Let us tell you that in the year 2016, UPI was launched by the National Payment Corporation of India, after which money was sent from one account to another within minutes. On the other hand, no fee has to be paid for making payments through UPI, while earlier UPI users could make any number of payments in a day, but now it has been changed.
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According to NPCI rules, you can do a maximum transaction of Rs 1 lakh through UPI in a day. Also, this limit may differ from one bank to another. Where in Canara Bank this limit is only Rs 25000 while in SBI this limit is Rs 1 Lakh. Along with this, talking about daily UPI transactions, its limit is also maximum 20, which gets renewed every 24 hours.
Explain that if you have more than one bank account, then you can increase your daily transaction limit, because being linked to 4 accounts of one number gives equal limit to all. Also, if you send money from one account to another, it does not count towards your limit, and merchant payments are not added to your account limit.
Please tell that through Paytm UPI you can transfer 1 lakh rupees in a day, as well as transfer of only 20000 thousand rupees can be done here in an hour.
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