How much money can be transacted at one time through UPI, know the limit of your bank

New Delhi. In the digital era, people find it easier to do online transactions instead of using cash. To promote digital transactions among people and to make fund transfer faster, National Payment Corporation of India has considered UPI (Unified Payments Interface) a good option. Through this, any person can instantly send money from his bank account to another bank account or receive money. In this, the user can transact money only through UPI ID and PIN without giving account information. Today we are going to tell you about all the information related to this.

Know the benefits of UPI
With the help of UPI, you can transfer money to anyone’s account anywhere. You can use UPI with the help of many apps like BHIM, Phone Pay, Google Pay, Mobikwik, Paytm. Currently, the maximum limit for transferring funds through UPI is Rs 1 lakh. However, every bank has a different limit.

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Activate UPI account in this way
To create a UPI account, you can download any app. After this, you have to register on it by entering your mobile number. After this, you have to add your account in it. After adding the account, you have to search the name of your bank here. After clicking the name of the bank, you have to add your account. If your mobile number is linked to your account, then it will appear. After selecting the account, you have to give the details of the ATM card to make the payment. After that your UPI account is created.

Know what is the limit of which bank
Two types of limits have been set through UPI, in which the first limit determines the maximum amount you can send at one time. The second limit determines the total amount of money that can be transacted in a day. Know the list of those banks and financial institutions through which you can send up to Rs 1 lakh to another bank account at one time.

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Banks with transaction limit up to Rs 1 lakh

Allahabad Bank (Daily limit Rs 1 lakh)
Andhra Pradesh Grameena Vikas Bank ( Daily limit Rs. 1 lakh )
Bank of Baroda (daily limit Rs 1 lakh)
Corporation Bank (Daily limit Rs 1 lakh)
Gujarat State Co-operative Bank (Daily limit Rs 1 lakh)
Ujjivan Small Finance Bank (daily limit Rs 1 lakh)
Chhattisgarh Rajya Gramin Bank ( Daily limit Rs. 1 lakh)
Madhya Bihar Gramin Bank ( Daily limit Rs. 1 lakh)
Maharashtra Gramin Bank ( Daily limit Rs. 1 lakh)
Purvanchal Bank (daily limit Rs 1 lakh)
Telangana Grameena Bank (Daily limit Rs. 1 lakh)

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Banks with transaction limit up to Rs 50 thousand
Adarsh ​​Co-operative Bank (daily limit Rs 50,000)
Himachal Pradesh Gramin Bank (daily limit Rs 50,000)
Central Bank of India (daily limit Rs 50,000)
IDBI Bank (daily limit Rs 50,000)
India Post Payment Bank (daily limit Rs 50,000)
Punjab National Bank (daily limit Rs 50,000)
United Bank of India (daily limit Rs 60,000)
Vijaya Bank (daily limit Rs 50,000)

Banks with transaction limit up to Rs 25,000
Bhilwara Urban Co-operative Bank (daily limit Rs 25,000)
Karnataka Vikas Grameena Bank (daily limit Rs 25,000)
Cauvery Gramin Bank (daily limit Rs 25,000)

Tags: Digital Banks, Digital Payments, Money Management Tips