February 7, 2023

Daily Limit for UPI Transactions: How to fix the problem of payment failure

UPI has definitely made our life simpler. This payment mode has now become one of the most used digital payment modes. Due to the ease of payment, we can easily end up overusing it and reach the daily restriction. You heard it right, there is usually a daily restriction for transactions on UPI.
Non-banking apps like PhonePe and GPay nonetheless account for a big share of transactions. When you make a payment using UPI, there are various other things involved including the parameters defined by your bank. So next time when you encounter a payment failure, your UPI daily limit can be one of the culprits.
There are various kinds of UPI limits. It can be the daily limit or a monthly limit on how much amount you can send or receive. Restrictions can also be on the basis of the value of transactions or the number of transactions. For example

  • You can send a maximum of Rs 1,00,000 in a day on all UPI apps.
  • You can only send money 10 times in a day on all UPI apps.
  • You can only send up to Rs 10,000 on a single transaction.

What is the solution to your problem?
One solution is to wait until tomorrow because all these limits are reset as the day changes.
Another option could be to use multiple bank accounts. Mostly these limits are set by your bank and not the UPI application. You can easily add more than one bank account to most of the UPI applications.
In case your daily transactions on UPI are below the prescribed limit, still, you are facing the issue, you can add the same bank account to another UPI app. Yes, you heard it right. Just the way you can add multiple bank accounts to one UPI app, you can also add one bank account to multiple apps.
Some transactions can also be flagged for additional checks to protect you from fraud. If your transaction fails and you believe you have not reached the limit yet, you can contact the customer care of the UPI app you are using.

Leave a Reply

Your email address will not be published. Required fields are marked *