For the most part, UPI has made our lives easier. One of the most widely utilised digital methods is payment. The convenience of payment may lead to you exceeding your daily limit. Yes, there may be a daily transaction restriction on UPI.
When you use UPI to make a payment, you have to deal with several apps, banks, and different permutations and combinations. Non-banking apps like PhonePe and GPay continue to dominate in terms of transaction volume. A failed transaction may occur frequently, and one cause for this could be the daily limit.
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The amount of money you can send or receive is limited on a daily and monthly basis. Limits vary depending on the app you’re using, whether it’s UPI or your bank.
REASONS BEHIND REACHING DAILY LIMIT:
- You attempt to send more than 1,00,000 across all UPI apps in a single day.
- You attempt to send money through all UPI apps more than ten times in one day.
- You ask someone for more than 2,000 dollars.
HOW TO FIX THESE ISSUES?
You can either request a reduced amount or wait until the next day to give additional money.
WHAT TO DO IF YOU REACH YOUR BANK LIMIT?
If you’re still experiencing problems, try a different bank account if your daily transactions are below the UPI limit. Your bank’s limits on how much you can send or receive may apply. You can also contact your bank for more information and clarification about the transaction failure.
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Some transactions may be flagged for further investigation to safeguard against fraud. If you’re experiencing problems making a transaction and don’t believe you’ve reached a limit, contact the UPI app’s support staff.
