Utility: How much money can be sent through UPI? What is the transaction limit of major banks including SBI, and HDFC, know!
Online payment has made the life of people much easier. You can easily pay a large amount to anyone through mobile. But many people have a question what is the limit of payment through UPI? Hence this limit varies from bank to bank. HDFC, ICICI, and other banks have set different limits for this. You cannot transact more than this limit.
What is UPI?
According to the National Payments Corporation of India (NPCI), Unified Payments Interface (UPI) is a system where you can easily link your multiple bank accounts through a single mobile app. Its best feature is that you can easily send money to the person you want to send money to by simply entering their number and your UPI PIN.
According to NPCI, through UPI, a person can withdraw a maximum of Rs 1 lakh from his account in a day. This limit varies from bank to bank. Google Pay has released the complete list of UPI limits of major banks in the country. let's find out.
UPI payment limits of banks on Google Pay
The UPI transaction limit in the State Bank of India is Rs 1 lakh.
- The UPI transaction limit in HDFC Bank has been fixed at Rs 1 lakh. However, for new customers, this limit is Rs 5,000.
ICICI Bank customers can do UPI transactions up to Rs 10,000, but for Google Pay users, this limit has been fixed at Rs 25,000.
Axis Bank has increased the UPI transaction limit to Rs 1 lakh.
Bank of Baroda has fixed the UPI transaction limit at Rs 25,000.