PhonePe transaction limit per day: What is the maximum money transaction limit per day on PhonePe for different banks |


PhonePe, like many other digital payment apps, has certain limits on the number and amount of transactions you can perform on a daily or monthly basis. These limits, known as limits, apply to different payment modes within the app, be it UPI or wallet. Then the limits set by the banks as well as your UPI ID are linked. In this article, we will tell you the daily transaction limits on PhonePe as well as other restrictions set on wallets and business-based payments.

PhonePe transaction limit is limit per day

As PhonePe works on the UPI (Unified Payments Interface) platform, users can make payments directly from their bank accounts on a real-time settlement basis. However, like other bank transfer modes like NEFT and IMPS, there are certain limits on the number and amount of transactions that can be done through PhonePe in a day.

The transaction limits on PhonePe UPI are as follows:

  • Daily limit is Rs. 1,00,000 – A user spends Rs. 1,00,000 total amount can be transferred. This limit also varies from bank to bank.
  • Maximum 10 or 20 transactions per day – PhonePe users can only transact 10 or 20 times daily depending on the bank.
  • A maximum of Rs. Request up to 2,000 – PhonePe user in one day from one to a maximum of just Rs. 2,000 can be requested.

What is the PhonePe limit per day for banks?

Here is the list of bank wise transaction limits for PhonePe UPI.

Bank Name Transaction limit per day
AP Mahesh Rs. 1,00,000
Aditya Birla Bank Rs. 1,00,000
Airtel Payments Rs. 1,00,000
Allahabad Bank Rs. 1,00,000
Allahabad UP Rural Rs. 1,00,000
Andhra Bank Rs. 1,00,000
Andhra Pradesh Rural Development Rs.25,000
Andhra Pragathi Rs.25,000
Apna is a contributor Rs. 1,00,000
Assam Grameen Rs.25,000
axis Rs. 1,00,000
Bandhan Rs. 1,00,000
Bank of Baroda Rs.50,000
Bank of Maharashtra Rs.20,000
Baroda Uttar Pradesh Rural Rs. 1,00,000
swimming pool Rs.40,000
Rural Bihar Rs. 2,00,000
BOI Rs. 1,00,000
Canara Bank Rs. 1,00,000
Catholic Syrian Bank Rs. 1,00,000
Central Bank of India Rs.50,000
Chaitanya Godavari Grameen Bank Rs. 1,00,000
Chhattisgarh Rajya Gramin Bank Rs.25,000
City Bank Rs. 1,00,000
Corporation Bank Rs. 1,00,000
Cosmos Rs.50,000
City Union Bank Rs. 1,00,000
DBS Bank Rs. 1,00,000
DCB Bank Rs.25,000
Dena Bank Rs. 1,00,000
Dhanalakshmi Bank Rs. 1,00,000
Deutsche Bank AG that
Dombivili Nagri Cooperative Bank Rs. 1,00,000
Equitas Small Finance Bank is a payments bank Rs. 1,00,000
Federal Bank Rs. 1,00,000
until that
GP Parsik Bank Rs. 1,00,000
Gujarat State Bank Rs.50,000
well Rs. 1,00,000
HDFC Bank Rs. 1,00,000
HSBC Bank Rs. 1,00,000
Indian Bank Rs. 1,00,000
ICICI Bank Rs.10,000
IDBI Rs.50,000
IDFC Rs. 1,00,000
Indicind Bank Rs. 1,00,000
IOB Rs. 1,00,000
Janata Cooperative Bank that
strength Rs. 1,00,000
Karnataka Bank Rs. 1,00,000
Karnataka Vikas Rs.25,000
Karur Vysya Bank Rs. 1,00,000
Kaveri Rs.25,000
Kerala Grameen Bank Rs.50,000
Kotak Mahindra Bank Rs.50,000
LVB Rs. 1,00,000
Longpi Dehangi Rs.25,000
Mahanagar Bank Rs. 1,00,000
Maharashtra Grameen Bank Rs.25,000
Malwa Grameen Bank Rs.25,000
Meghalaya Rural Bank Rs.25,000
Mehsana Urban Co-operative Bank Rs. 1,00,000
NKGSB Co-op Bank Limited Rs.40,000
OBC Rs. 1,00,000
PNB Rs. 1,00,000
Punjab and Maharashtra Co-op Bank Ltd Rs. 1,00,000
Paytm Payments Bank that
Pragathi Krishna Gramin Bank Rs.20,000
First Bank Rs.25,000
PSB Rs.25,000
Purvanchal Bank Rs.25,000
Marudhar of Rajasthan Rs.25,000
Rajkot Nagarik Bank Rs. 1,00,000
RBL Rs. 1,00,000
Samriddhi Co-op Bank Rs.50,000
Saraswat Co-op Bank Rs.50,000
Saurashtra Grameen Bank Rs.25,000
State Bank of India Rs. 1,00,000
South Indian Bank Rs. 1,00,000
Standard Chartered Bank Rs. 1,00,000
Suko Souharda Sahakari Bank Rs. 8,00,000
Surat People Cooperative Bank Rs. 1,00,000
SVC Bank Rs.20,000
Syndicate Bank Rs.50,000
Telangana Grameen Bank Rs.25,000
Thane Bharat Cooperative Bank Rs. 1,00,000
Kalyan Janta Sahkari Bank Rs. 1,00,000
The Sutex Co – Op Bank Rs. 2,00,000
TMBL Rs. 1,00,000
UCO Rs. 1,00,000
Ujjeevan Small Finance Bank Rs. 1,00,000
Union Bank of India Rs. 1,00,000
United Bank of India Rs.25,000
Uttarakhand Grameen Bank Rs.25,000
Vananchal Rs.25,000
Varancha Bank Rs.40,000
Vijaya Bank Rs.50,000
Visveshwar Co-op Bank Rs. 1,00,000
Yes Bank Rs. 1,00,000

PhonePe transaction limit for businesses

Transaction limit for PhonePe business users

Many business owners use PhonePe Merchant Solutions For day-to-day operations such as sending payments to other parties or accepting payments from their end customers in exchange for goods and services. Considering this, PhonePe has no limit on the number of transactions that can be done through the app. This way, no matter how many transactions happen in a day or week, there is always a seamless flow of funds in and out.

PhonePe Wallet Transfer Limits

Apart from allowing users to pay and receive money through UPI in its app, PhonePe also has a built-in wallet that can be used to make payments for goods and services both online and offline. Once an amount is added to the wallet, it cannot be withdrawn or transferred to any bank account. The users of the company can add to their wallet a monthly maximum of Rs. 10,000 per annum allowing it to be added Rs. 1,20,000 has a maximum limit. However, in case of refunds or cancellations, Rs. Any balance above 10,000 can be added back to your wallet. Such limits are imposed to add balance to the PhonePe wallet to avoid the risk of fraudulent transactions.

Frequently Asked Questions

Why does PhonePe have a transaction limit?

PhonePe restricts the user from exceeding a certain amount or number of transactions to prevent misuse of funds in the bank account in case the user’s mobile phone is stolen or the PhonePe account is hacked. As transaction limits are in place, fraudsters cannot withdraw the entire amount.

How to increase PhonePe transaction limit?

Currently, there is no provision to increase transaction limits on PhonePe UPI or wallet based payments. PhonePe works on the UPI framework, which has guidelines set by NCPI and RBI.

Are there any charges on PhonePe transactions?

No, all UPI based transactions through the PhonePe app are free. In fact, any organization or company providing UPI functionality, irrespective of the app or platform, does not charge the account holder for making and receiving payments. The finance department has also clarified that UPI transactions are free After rumors surfaced that the government was planning to impose a fee on the use of UPI.


Source by 91 Mobiles

Written By Sabhitech

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