To transfer more than ₹5,000 on PhonePe, you must wait 24 hours if you are a new user, as NPCI regulations limit first-day transactions to ₹5,000. After 24 hours, you can transfer up to ₹1 lakh per day, provided your account has full KYC. If you still cannot transfer more, contact your bank to increase the daily limit.
How to Increase PhonePe Transaction Limit?
Complete Full KYC
Minimum KYC: This allows daily transactions up to ₹10,000. Full KYC: This increases the daily limit to ₹4,00,000 per day. To complete Full KYC, you'll need to provide additional documents, such as an Aadhaar card, PAN card, and address proof. You can do this within the PhonePe app.
Make a wire transfer
Wire transfers are a good choice if you're sending more than $5,000 or need to get money to someone outside the U.S. Some fees may apply when sending or receiving wire transfers.
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.
PhonePe Money Transfer Limit for Wallet
With a minimum KYC, you can make a limited transaction of ₹10,000 with your PhonePe wallet. With documentation and personal details, you have to complete your full KYC. Then, you can get up to ₹2,00,000 limit per transaction and ₹4,00,000 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.
If you're sending a large amount of money, you may want to use a wire transfer at your bank. You'll need the recipient's account and routing numbers. You and the recipient will likely incur fees. Wire transfers take place in less than 24 hours but do not occur on weekends or on bank holidays.
UPI Transaction Limits (NPCI/RBI Guidelines)
Per transaction cap: ₹1 lakh (standard); ₹2 lakh for some sectors; ₹5 lakh for IPOs/Retail Direct. Daily limit: ₹1 lakh per day. UPI 123PAY: ₹5,000 per txn/day (P2P); ₹1 lakh daily for merchant. UPI Lite: ₹1,000/txn; ₹10,000/day; ₹5,000 wallet limit.
Sending a wire transfer through your bank might be the best way to send a large amount quickly; P2P apps limit how much you can send (generally $1,000 to $10,000 per transfer) and delivery can take multiple days. Bank wire transfers generally are delivered within hours or minutes.
What is the PhonePe Transaction Limit Per Day (as of 2025)?
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.
PhonePe offers IMPS fund transfer to any beneficiary bank account to enable instant fund transfer. IMPS combines the power of both NEFT and RTGS, allowing instantaneous transactions up to a maximum limit of ₹5 lakh. This limit can, however, vary from one bank to another.
Limits, set by your bank, protect against fraud. 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.
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).
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.
2) Own account fund transfer — No limit (up to the available balance in debit account). 3) IMPS to registered beneficiary - up to Rs 5 Lakh per day/per transaction. 4) NEFT to registered beneficiary per day - up to Rs. 10 lakh./per transaction - up to Rs 5 lakh.
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.
1,00,000. Additionally, you can make a maximum of 20 transactions through GPay or other UPI apps within a time frame of 24 hours. No, you cannot send Rs. 2 lakh through Google Pay at a time.
How to transfer money online to friends and family
Reporting The Foreign Gift To The IRS
According to IRS regulations, if the aggregate amount received from the nonresident exceeds $100,000 during the taxable year, the gift needs to be reported.
Are transactions safe? Yes, all apps are regulated by NPCI and follow UPI security protocols Upi Security Tips.
PhonePe Receives Final RBI Authorization to Operate as an Online Payment Aggregator. September 19th, 2025, Bangalore: PhonePe, today, announced that it has received the final authorization from the Reserve Bank of India (RBI) to operate as an online payment aggregator.
The per-transaction limit defines the maximum amount that can be transferred in a single UPI transaction. Most banks and UPI apps, like Google Pay or PhonePe, set a limit between ₹40,000 and ₹1,00,000 per transaction. Exceeding this limit will require multiple transactions or alternative payment methods.