How much can I transfer through bank?

Understanding Bank Transfer Limits

When it comes to transferring money via bank, there are certain limits imposed to safeguard financial transactions and prevent fraud. These limits vary depending on the bank and the service being used.

UPI Transfer Limits

UPI (Unified Payments Interface) is a popular digital payment system in India that allows for instant money transfers. The daily transfer limits for UPI are as follows:

• Transaction Limit: ₹100,000 per account
• Number of Transactions: Maximum of 10 per day

These limits are set to protect users from unauthorized transactions and to ensure the smooth functioning of the UPI system.

Other Bank Transfer Limits

In addition to UPI transfers, banks may also impose limits on other types of transfers, such as:

• NEFT (National Electronic Funds Transfer): Varies from bank to bank, but typically ranges from ₹50,000 to ₹2 lakhs per transaction.
• RTGS (Real-Time Gross Settlement): Typically ₹2 lakhs to ₹10 crores per transaction, depending on the bank.
• IMPS (Immediate Payment Service): Varies from bank to bank, but usually between ₹2 lakhs to ₹10 lakhs per transaction.

Important Considerations

When planning a bank transfer, it’s crucial to consider the following:

• Check with Your Bank: Verify the specific transfer limits applicable to your account and the service you intend to use.
• Plan Accordingly: Avoid making multiple transfers that exceed the daily limit.
• Split Large Transfers: If you need to transfer an amount that exceeds the limit, consider splitting the transfer into multiple smaller transactions.
• Consider Other Options: If the bank transfer limits are insufficient, explore alternative payment methods such as mobile wallets or prepaid cards.

By understanding and adhering to bank transfer limits, you can ensure secure and convenient financial transactions.