How much can I transfer money per day?

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The daily limit for UPI money transfers is ₹100,000, or one lakh rupees. While this is the general guideline, individual banks may impose their own limits, and the number of daily transactions can also vary.
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How Much Can I Transfer Daily Using UPI? Navigating the Limits of Digital Payments

India’s Unified Payments Interface (UPI) has revolutionized the way we send and receive money, offering unparalleled convenience and speed. But with this ease comes the question: how much money can I actually transfer in a single day?

The simple answer is that the general daily limit for UPI transactions is ₹100,000 (one lakh rupees). This is a broad guideline set by the National Payments Corporation of India (NPCI), the body that governs UPI. However, relying solely on this number can be misleading. The actual limit you experience will depend on several factors, making it crucial to understand the nuances involved.

Beyond the General Limit: Bank-Specific Restrictions

While the NPCI sets a benchmark, individual banks retain the autonomy to implement their own, potentially lower, daily transfer limits. This means your specific bank might impose a limit of ₹50,000, ₹25,000, or even less, depending on factors such as your account type, KYC compliance, and the bank’s internal risk assessment. Checking your bank’s specific UPI transfer limits is paramount. This information is readily accessible through your bank’s mobile app, online banking portal, or by contacting customer service.

Transaction Limits: Another Layer of Control

Beyond the monetary limit, many banks also place restrictions on the number of UPI transactions you can make daily. This constraint, independent of the monetary limit, can prevent you from exceeding a certain number of transfers, even if the total value remains below your bank’s daily monetary limit. For example, you might be restricted to a maximum of 20 transactions per day, regardless of the individual amounts. Again, consulting your bank’s guidelines is essential to understand these transaction restrictions.

Factors Influencing Your Daily Transfer Limit

Several factors contribute to the variations in daily UPI transfer limits:

  • Account Type: Your account type (savings, current, etc.) directly influences the limits set by your bank. Business accounts, for instance, often have higher limits than individual savings accounts.
  • KYC Compliance: Fully completing your Know Your Customer (KYC) verification strengthens your account security and often leads to higher transaction limits.
  • Account History: Consistent and responsible usage of your UPI account builds trust with the bank, potentially resulting in increased limits over time.
  • Risk Assessment: Banks employ internal risk assessment models to determine individual limits, which can fluctuate based on perceived risk factors.

In Conclusion:

While the general UPI daily limit is ₹100,000, your actual limit will be determined by your specific bank’s policies. Proactively checking your bank’s website or app for UPI transfer limits and transaction restrictions is crucial to avoid any unexpected delays or failed transactions. Understanding these limitations empowers you to plan your digital payments effectively and seamlessly. Don’t rely on the general limit; always verify your individual limit with your bank.