Yes, you can increase your PhonePe daily transaction limit by completing Full KYC, which often allows transactions up to ₹1,00,000 per day for UPI. For higher limits or issues, you must contact your bank directly to raise the UPI transfer limit, as banks set their own, or try using UPI Lite.
How to Increase PhonePe Limit?
PhonePe transaction limit per day is ₹1,00,000 with a maximum of 20 UPI transfers within 24 hours. These limits are set by NPCI and may vary depending on your bank and account type. Completing full KYC or contacting your bank can help increase your limits for smoother transactions.
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.
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.
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.
According to the circular issued by NPCI last month, per-transaction limit has been raised upto 5 lakh rupees while the daily aggregate limit has been increased to 10 lakh rupees in insurance premiums, capital markets, travel, collections and Government e-Marketplace (GeM).
How to Increase PhonePe Transaction Limit?
Can we transfer 50,000 through PhonePe? Yes, you can transfer ₹50,000 through PhonePe as the UPI transaction limit is ₹1,00,000 per day per bank account.
To transfer ₹2 lakh immediately, you can use IMPS (Immediate Payment Service) or RTGS (Real Time Gross Settlement). IMPS allows instant fund transfer 24/7, and the per-transaction limit has been increased to ₹5 lakh.
PhonePe lets you link international numbers from many countries, like the United States, United Arab Emirates, United Kingdom, Saudi Arabia, Canada, Qatar, Singapore, Australia, Oman, Hong Kong, France, and India (for returning NRIs).
What is the PhonePe UPI limit per day? The PhonePe UPI transaction limit per day is ₹1 lakh (₹100,000) for all users. In 24 hours, you can send money only 20 times on Phonepe. This means that you can transfer up to ₹1 lakh in a single day, which can be broken into a total of 20 transactions each day.
The Google Pay transaction limit per day remains Rs. 1,00,000 for most banks with a maximum of 20 transactions allowed per day. Additionally, Google Pay limits vary based on your bank and transaction type (e.g. P2P, merchant, or capital market transactions).
For a temporary increase to your Interac e-Transfer limit, give us a call at 1-800-472-6842. To make a permanent change to your limits, please visit your home branch. If you're unsure which branch is your home branch, you can find its address at the top of your statements.
To change yours, open your banking application, navigate to UPI settings, and select 'Change Limit'. Enter your desired amount and confirm with your UPI PIN. Remember, limits vary by bank and payment type, typically resetting daily at midnight.
How NRIs can set up UPI payments
UPI Transaction Limits: Complete Overview
The UPI daily limit is set at ₹1,00,000 per day for standard transactions, as established by NPCI regulations. This means: Maximum daily transfer: ₹1 lakh across all UPI transactions. Limit applies to both Person-to-Person (P2P) and Person-to-Merchant (P2M) payments.
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.
Completing your full KYC verification with your bank may lead to an automatic increase or allow you to request an adjustment. You can also formally request a higher limit through your bank's mobile banking app or website by navigating to the UPI section and locating the "Transaction Limit" option.
If you have exceeded the UPI limit, it means you have likely hit the daily maximum of ₹1,00,000 or the maximum number of transactions (usually 10 to 20, depending on the bank). The most straightforward solution is to wait for the limit to reset, which typically happens after 24 hours.
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 21 lakh on Walmart-owned digital payments firm. The penalty, announced through an order dated September 10, follows a statutory inspection of PhonePe's operations for the period between October 2023 and December 2024.
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).
Restrictions for using PhonePe wallet depend on your KYC verification level. Minimum KYC has lower caps. However, completing the full KYC procedure allows users to increase the PhonePe transfer limit for wallet and send higher-value payments in a single transaction.
Below are the most effective and reliable ways to increase your UPI transaction limit.
The general daily UPI transaction value limit is ₹1,00,000. However, for a first transaction after setting or resetting a UPI PIN, the maximum amount is ₹5,000, and the cumulative amount in a day is ₹5,000 for the first 24 hours for Android users.