UPI Payment – All these banks including HDFC, SBI and ICICI have fixed the limit for sending money through UPI. Let’s go through the news below about the limit of sending money through UPI of all these banks.
Online payment has made people’s life much easier. You can easily pay anyone through mobile without large amount of cash, but the question arises in the mind of many people that what is the limit of payment through UPI?
Please tell, it varies according to the bank. Its different limits have been set by HDFC, ICICI and other banks. You cannot transact money beyond this limit.
What is UPI?
According to the National Payments Corporation of India (NPCI), Unified Payments Interface (UPI) is a system in which you can easily link your multiple banking accounts through a single mobile app. Its biggest feature is that the person to whom you have to send money. Send money easily by just entering his number and entering your UPI PIN.
According to NPCI, through UPI, any person can send a maximum of one lakh rupees from his account in a day. However, the limit varies from bank to bank. Google Pay has released the complete list of UPI limits of major banks in the country. Let’s know.
UPI payment limit of banks on Google Pay-
- The UPI transaction limit in 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 five thousand rupees.
- 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 capped the UPI transaction limit at Rs 1 lakh.
- The UPI transaction limit has been fixed at Rs 25,000 by Bank of Baroda.
