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The limit for sending money through UPI apps is set by the bank, based on the customer’s profile, risk assessment, and regulatory guidelines. Apps like Google Pay, PhonePe, and Paytm only allow payments up to your bank limit.
The limit for sending money through UPI in India is now determined by individual banks, not apps. Many users are unaware of their bank limit, leading to failed transactions. Apps like PhonePe, Google Pay, and Paytm only allow payments based on your bank limit.
Understand and Increase Your Bank Limit
Each bank sets limits based on its risk profile, past transaction history, and user activity. To find out your bank limit, check the UPI or Fund Transfer section of your bank’s app. Sometimes, your limit is reduced due to reasons like security blocks, phone or SIM changes, or UPI PIN resets.
Process for Increasing Your Limit
If you need to increase your limit, first look for the limit increase option on your bank’s app or website. Many bank apps have a “Manage UPI limits” option. The increased limit is immediately updated in the apps upon bank approval. If the bank has established a strict risk policy, the limit will not be increased immediately.
Security Reasons and Limits
In some cases, banks impose temporary limits on high-value payments to prevent fraud. Adding a new device or beneficiary also requires a wait before the limit is increased. Additionally, limits may be temporarily reduced during festivals or promotions.
Solution Options
If increasing the limit through an app isn’t possible, try directly using the bank app. Sometimes, sending large amounts through net banking, IMPS, or RTGS is easier.
Therefore, it’s important for users to understand their bank’s UPI limits and adopt smart methods to increase the limit so they can make large payments without hassle.
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