Increased UPI transaction limit, You Can Now Send A Huge Amount Of Money Without Any Hassle
The limit for sending money through UPI in India is now determined by individual banks, rather than the apps. Many users don’t know their bank limit, which leads to failed transactions. Apps like PhonePay, Google Pay, and Paytm only allow payments based on your bank limit.
Many bank users don’t know about their bank limits. That’s why their transaction has failed. Phonepay, Google Pay, and Paytm apps are allowing payment through limits.
Each bank sets its limit on risk profile, past transaction history, and user activity. Check your bank limits in the UPI or Fund transfer section of the Bank apps. Many times, your bank limit is reduced due to security blocks, phone or SIM changes, or UPI PIN resets.
To increase your limit, you first search for increased limit options in the bank app or on websites. Manage UPI options have many bank apps. After the bank’s approval for increased limits, immediately update the apps. If a bank establishes a strict risk policy, the time limits do not increase.
