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

New Delhi. In the digital age, 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) as a good option. Through this, any person can immediately send or receive money from his bank account to another bank account. In this, the user can transact money only through UPI ID and PIN without giving any 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. With UPI, you can use UPI with the help of many apps like BHIM, Phone Pay, Google Pay, Mobikwik, Paytm. At present the maximum limit for transferring funds through UPI is Rs 1 lakh. Although every bank is different.

Also read: Now the country’s economy also rests on the shoulders of farmers! Agriculture sector is the option to overcome the crisis

Activate UPI account in this way
You can download any app to create a UPI account. 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 will have to search the name of your bank here. After clicking the name of the bank, you will have to add your account. If your mobile number is linked to your account then it will be visible. After selecting the account, you will have to provide ATM card details to make 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 decides the maximum amount of money you can send at one time. The second limit sets the limit on the total amount 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 at a time to another bank account.

Also read: Check new rules before boarding the flight, otherwise your tension will increase.

Banks with transaction limit up to Rs 1 lakh

Allahabad Bank (Daily limit Rs 1 lakh)
Andhra Pradesh Rural Development 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 State 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 (day limit Rs 1 lakh)
Telangana Gramin Bank (Daily Limit Rs 1 Lakh)

Also read: Be careful! 17 crore notes of Rs 2000 got spoiled due to sanitizing, washing and drying in sun, do not make this mistake

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

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

Tags: digital banks, digital payment, Money Management Tips

Related articles