Phonepe Limit Per Day and How to Increase

Phonepe has a daily transaction limit of ₹20,000, as stated in the article. This limit applies to both debit and credit card transactions.

To increase this limit, you'll need to upgrade your Phonepe account to a higher tier, such as Phonepe Pro or Phonepe Gold, which allows for higher transaction limits.

Phonepe Pro has a daily transaction limit of ₹50,000, while Phonepe Gold has a limit of ₹1,00,000.

The daily transaction limits on PhonePe are worth knowing. You can make a maximum of ₹1 lakh in transactions per day.

PhonePe's daily transaction limit is divided into different categories. For instance, you can make a maximum of 10 to 20 transactions per day, depending on your bank's policies.

If you need to request money on PhonePe, you can do so up to a maximum of ₹2,000 per transaction. This is a convenient feature for those who need to send or receive money regularly.

Here's a quick rundown of PhonePe's daily transaction limits:

Remember, these limits are in place to ensure a smooth and secure transaction experience on PhonePe.

When dealing with PhonePe limits, it's essential to consider the factors that can influence them. Your bank's specific policies can affect the standard PhonePe limit.

The bank you're linked to on PhonePe may have its own additional limits that are lower than the standard PhonePe limit. This is something to be aware of, especially if you're new to PhonePe.

Your KYC status also plays a significant role in determining your transaction limits. Users with full KYC verification typically have higher transaction limits compared to those with minimal KYC.

Here are the influencing factors to keep in mind:

The UPI transaction limit on PhonePe is Rs. 1 lakh, but it also depends on the linked bank account.

Linking multiple bank accounts on PhonePe can increase your transaction limit per day.

Each bank account you link to PhonePe will increase the transaction limit.

For example, linking the Bank of Baroda bank account on PhonePe increases the upper limit per transaction to Rs. 25,000 and the daily transaction limit to Rs. 50,000.

You can link more than one bank account to PhonePe to increase your daily transaction limit.

Different banks have set limits for transactions, such as SBI, HDFC, and DBS, which have an upper limit per transaction of Rs. 1 lakh.

PhonePe's withdrawal and transfer limits are quite flexible, but also have some restrictions to keep an eye on. The per-transaction limit is Rs. 5000, which is a good amount for small transactions.

For daily withdrawals, you're capped at Rs. 25,000, which is a decent amount for regular expenses. This limit also applies to monthly withdrawals, so you don't have to worry about exceeding it.

If you need to withdraw a larger amount, you can do so up to Rs. 3,00,000 per financial year. This is a good option for big-ticket purchases or emergency fund withdrawals.

Here's a quick summary of PhonePe's withdrawal limits:

Transfers can be a bit tricky, especially when it comes to limits. The maximum UPI daily transfer limit is Rs.1 lakh as per NPCI.

However, some transactions have higher limits, such as capital markets, insurance, collections, and foreign inward remittances, which have a limit of Rs.2 lakh.

Tax payments, payments to educational institutions and hospitals, payments to IPO, and RBI retail direct schemes payment have a higher limit of Rs.5 lakh.

Some banks have set their own UPI transfer limits, ranging from Rs.25,000 to Rs.1 lakh per day. A few banks have even set limits per week or per month instead of a day.

So you're wondering about withdrawal limits with PhonePe? Don't worry, I've got you covered. You can withdraw up to Rs. 5000 per transaction.

If you need to withdraw a larger amount, you can do so up to Rs. 25,000 per day. This is a daily limit, so be mindful of that.

To give you a better idea, here are the withdrawal limits in a nutshell:

For your records, the monthly limit is the same as the daily limit, Rs. 25,000.

The NPCI has set a general limit for UPI transactions at INR 1 lakh, but for verified merchants, this limit is increased to INR 2 lakh.

This limit, however, does not apply to all types of UPI transactions, and the total number of UPI transactions per day is typically capped at 20, which can vary across banks.

With UPI, you only need to provide your bank details once when registering your UPI ID.

One of the best things about UPI is that it allows you to operate multiple bank accounts using a single app, making it super convenient.

You can transfer up to INR 1 lakh in a single transaction, which is a pretty high limit.

UPI also lets you schedule transactions like bills and rents for added convenience.

You can use UPI to transfer funds 24*7, which means you can send money at any time of day.

All UPI transactions are linked to your Aadhar Card for added security.

Each transaction occurs after multiple security checks, so you can be sure your money is safe.

Here are some key features of UPI at a glance:

The general transaction limits for UPI transactions are quite straightforward. The current UPI transaction limit is INR 1 lakh, but verified merchants can transfer up to INR 2 lakh in a single transaction.

You can make a UPI transaction of up to INR 1 lakh in a single transaction, unless you're a verified merchant, in which case the limit is INR 2 lakh.

The total number of UPI transactions per day is typically limited to 20, but this limit varies across banks.

If you're a frequent user of PhonePe, you know that it's one of the most popular UPI apps. You can transfer up to INR 1 lakh in one day in a single transaction.

PhonePe allows you to transfer funds up to 20 times across all UPI apps, which is more than some other apps. This is great for people who need to make multiple transactions in a day.

To give you a better idea of the different UPI apps and their limits, here's a comparison of the UPI transaction limits on some popular apps:

As you can see, PhonePe has a slightly higher transaction limit compared to Google Pay and BHIM App.