UPI Transaction Rules: The name of Unified Payment Interface (UPI) comes at the top when it comes to Digital Transaction in India . UPI has made digital payments so easy in the country that now everyone is very comfortable to pay through it. People now prefer to use UPI instead of cash for every small payment. UPI payments in the country are growing at rocket speed every day.
Due to this revolution in Digital Transaction, other countries have also been greatly influenced by India and this is the reason that UPI is now providing its facility not only in India but also in 10 other countries. These 10 countries are as follows- Australia, Canada, Hong Kong, Singapore, Oman, Qatar, America, Saudi Arabia, UAE and UK.
If you use more UPI then you should also know about its limit. You may be a customer of any bank in India, UPI allows you to send only a fixed amount of money. Out of many UPI payment apps, Google Pay has released the payment limit for each bank. We tell you to which bank you can send up to how much money daily.
- State Bank of India (SBI): SBI Bank’s UPI transaction limit is Rs 1 lakh. The daily limit for UPI is also Rs 1 lakh.
- HDFC Bank: HDFC Bank’s UPI transaction limit is 1 lakh (Rs.5000 for new customer), Rs. While the UPI daily limit is Rs 1 lakh.
- ICICI Bank: ICICI Bank has both a UPI transaction limit and a daily limit of Rs 10000. (25000 for google pay)
- Axis Bank: The Axis Bank UPI transaction limit and the bank’s daily limit is Rs 1 lakh.
- BOB : BOBBank’s UPI transaction limit is Rs 25000. However, the daily limit for BOB Bank is not fixed yet.
