No, you cannot transfer a total of ₹2 lakh in one day using UPI apps like Google Pay and PhonePe combined. The daily UPI transfer limit is capped at ₹1,00,000 (1 lakh) per day across all UPI apps. Once you hit this limit on either app, you must wait 24 hours.
1 lakh (Rs 100,000) daily for all users. This limit applies to both P2P and P2M transactions. The PhonePe UPI transaction limit is set by the National Payments Corporation of India (NPCI).
UPI Maximum Transaction Amount by Category
Person-to-Person Transfers: ₹1,00,000. Merchant Payments: ₹1,00,000. Bill Payments: ₹1,00,000. Capital Markets: ₹2,00,000.
You can typically transfer more than ₹1 lakh online using banking services such as NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), or IMPS (Immediate Payment Service).
Daily limits
You may reach a daily limit if: You try to send more than ₹1,00,000 in one day across all UPI apps. You try to send money more than 20 times per day and 150 per month for P2P transactions across all UPI apps.
The overall daily limit for IMPS transfers is Rs. 5,00,000. Additionally, for a newly activated beneficiary, a total of Rs. 5,00,000 can be transferred during the first four days.
The PhonePe transaction limit per day is ₹1,00,000 for every UPI user. This limit applies to a 24-hour timeline and allows a maximum of 20 transactions. If you reach the limit, you must wait 24 hours from the last transaction to make a new transfer.
Though the maximum GPay transaction limit is Rs. 1,00,000 per day, the daily limit and limit per transaction vary from bank to bank. Thus, users must know their bank limits to avoid declined payments and manage finances effectively.
Note: The transaction limits for UPI are set and standardised by the National Payments Corporation of India (NPCI) that governing body for UPI. Since these limits are set by the government, users cannot increase or make changes to the UPI limit. Users must adhere to the daily transaction limit guidelines.
No, it will not be possible to transfer Rs. 2 lakh through PhonePe in a single transaction because the maximum transaction limit is Rs. 1 lakh per day.
As of 2026, the maximum amount that can be transferred through UPI is ₹1 lakh per day. Additionally, UPI 123Pay has a per-transaction limit of ₹10,000. However, these limits may vary depending on the bank and user-specific settings, with some banks imposing their own restrictions.
You can transfer large amounts of money, but transactions over $10,000, especially in cash or structured deposits, trigger mandatory reporting (like IRS Form 8300 or Bank Secrecy Act (BSA) reports), not necessarily taxes, to fight money laundering. Banks file reports for cash over $10k (CTR) or suspicious activity (SAR) if they see patterns to avoid reporting (structuring), which can flag accounts even for smaller amounts like $200 if part of a pattern.
To check this limit: Through UPI Apps: Look for the "Bank Account" or "Payment Methods" section in your UPI app (Google Pay, PhonePe, etc.) and look for per-day limit details. Bank's Mobile App: You can find your per-day limit under the UPI section in your bank's app.
Safe, secure transactions
With built-in authentication, transaction encryption, and fraud protection, Google Pay helps keep your money and personal information safe.
Generally, you can send up to ₹1,00,000 daily and per transaction. However, specific payments like those for capital markets, hospitals, or education may allow transfers up to ₹5,00,000. These limits protect your funds and comply with financial regulations.
The UPI transaction limit is ₹1 lakh per day as per NPCI. For capital markets, insurance, collections, and foreign inward remittances, the limit is ₹2 lakh. Tax payments, educational institutions, hospitals, IPOs, and RBI retail direct schemes, the limit is ₹5 lakh.
The Google Pay (GPay) transaction limit per day in India is ₹1 lakh (₹1,00,000) across major banks, allowing users to send or receive up to this amount within 24 hours. This limit can be divided across a maximum of 20 transactions per day on Google Pay and other UPI apps.
Based on transaction volume data, some of the top banks for UPI remittances include the State Bank of India (SBI), HDFC Bank, Bank of Baroda, Union Bank of India, and Punjab National Bank. Many banks, including HDFC and SBI, offer high UPI transaction limits, typically up to ₹100,000 INR per transaction.
You can send more than 1 lakh rupees online using services like NEFT (National Electronic Funds Transfer), RTGS (Real-Time Gross Settlement), or IMPS (Immediate Payment Service). RTGS is usually best for very large amounts.
You can easily check your current transaction limit within the PhonePe app via the following steps:
Daily Limit on PhonePe Transactions
1: For every user, the daily limit for PhonePe UPI transactions is ₹1 lakh (₹100,000). 2: You can only send money on Phonepe a maximum of 20 times in a 24-hour period. With 20 transactions per day, you may transfer up to ₹1 lakh in a single day.
PhonePe Security - Every Payment is Protected on PhonePe. That's why we have an advanced security infrastructure to keep your transactions safe. We do what it takes to earn the trust that you and 65+ crore* Indians have placed in us.
Download PhonePe, connect your NRE or NRO account to your overseas number, and you're ready to make secure UPI payments in minutes, no matter where you are. Download PhonePe, connect your NRE or NRO account to your overseas number, and you're ready to make secure UPI payments in minutes, no matter where you are.
Below are the most effective and reliable ways to increase your UPI transaction limit.