Check here per day UPI transaction limit of top banks

Unified Payments Interface, prominently known as UPI, handled 657 crore exchanges in August, information delivered by the National Payments Corporation of India (NPCI) showed. On a month-on-month (m-o-m) premise, UPI exchanges developed 4.6 percent in volume terms and 1 percent in esteem terms.

The essential purpose for UPI’s dramatic development is the problem free experience that it offers.

What is UPI?

The Unified Payments Interface (UPI) is a moment installment framework created by the National Payments Corporation of India (NPCI), a RBI directed substance. UPI is worked over the IMPS framework and permits people to immediately move cash between any two gatherings’ ledgers.

How UPI functions?
Clients will just need to set a Virtual Payment Address (VPA) and send cash. They can connect more than one ledger in a solitary cell phone application and make store moves giving IFSC code or record number. This is a constant installment framework where assets are credited quickly consistently.

People can utilize various installments applications like PhonePe, Paytm and Google Pay, aside from BHIM UPI application and their banks’ portable applications to move cash through this technique.

UPI transaction limits
The RBI and NPCI have placed a cap on the day to day exchange cutoff to Rs 2 lakh for every client. There is no base worth.

Under as far as possible, banks could likewise set their own UPI exchange limits. Thus, a few banks have brought down the UPI exchange cap on their clients.

Here are some per-exchange limits set by banks, and the per-day UPI exchange limit:

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