PhonePe Money Transfer Limit | PhonePe Transaction Limit Per Day, UPI

PhonePe Money Transfer | PhonePe Money Transfer Limit | PhonePe Daily UPI Payment Limit | PhonePe Money App Download

Phonepe is basically a UPI app that can be used for money transfers activities. As per the latest government order, the Phonepe UPI app will permit the user to make transactions only up to Rs. 3 lakhs in a single day. This is a huge change in how a user uses money and interacts with banks. However, this has not been activated yet. Phonepe was recently in the headlines as the RBI upped the Phonepe daily transaction limit from Rs 10,000 to Rs 20,000. Read the article below to know about the PhonePe Money Transfer Limit per day for transactions i.e how much money can you transfer through the app.

PhonePe Money Transfer Limit

PhonePe Money Transfer Limit

The Phonepe App is a fantastic method to conduct secure and fast transactions. With only one click, you may link your bank account or credit card and send money! However, there are some limitations to be aware of before using the program.

  • There is a daily transaction restriction of 1 lakh rupees per linked account, as well as a 20 daily UPI transaction limit for all linked accounts on this platform.
  • 1 lakh is the maximum amount per transaction allowed
  • 1 lakh is the maximum amount that can be paid in a single day.
  • In a 24-hour period, the maximum number of Phonepe transactions allowed is 10 or 20. (depending).

Transfer from Phonepe Wallet to Bank

Phonepe has direct access to the bank account; nevertheless, the user must add the bank account as a beneficiary. The apps provide for a monthly restriction of Rs. 1,00,000, preventing users from transferring moreover one lakh rupees from their Phonepe account to their bank account.

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PhonePe Money Transfer Limit for your Phonepe wallet

Financial wallets are intended to make money transactions as simple as possible. However, the software makers have imposed a limit for each wallet for security reasons. As a risk policy, Phonepe sets a maximum of Rs. 1, 00,000 for subscribers. You can instantly reload the wallet with a debit card, credit card, or BHIM UPI. Phonepe has increased its daily restrictions as well as monthly (Rs. 10,000) and yearly limits (Rs.1, 20,000). Users’ ability to withdraw cash or make purchases from merchants is similarly limited by the amount specified by Phonepe. A maximum of Rs. 10,000/- can be deducted per month.

Note: The limitations have been increased by a significant amount, which is helpful to the user. It aids in the formulation of a budget for important items and the avoidance of overspending. Banks, financial institutions, and apps are bound by a set of rules set by the RBI and the government.

PhonePe Transaction Limit Per Day of 105 Banks

Name of BankPhonepe Per day transaction limit (INR)Phone Pe Transaction Limit Per Week (INR)Phone Pe Transaction Limit Per Month (INR)
A P Mahesh100,000NANA
Aditya Birla Bank100000NANA
Airtel Payments1,00,000NANA
Allahabad Bank1,00,000 NA NA 
Allahabad UP Gramin100,000NA NA 
Andhra Bank1,00,000NANA
Andhra Pradesh Grameen Vikas 25000NANA
Andhra Pragathi25000NANA
Apna Sahakari100000No limitNo limit
 Assam Grameen2500050000100,000
 Bandhan 100000NANA
 Bank of Baroda50,000NANA
 Bank of Maharashtra20000NANA
 Baroda Gujarat GraminNANANA
 Baroda Uttar Pradesh Gramin 100,000NANA
 Bihar Gramin200,000NA2,000,000
 BOI 100,000NANA
 Canara Bank100,000NANA
 Catholic Syrian Bank 1,00,000 NANA
 Central Bank of India50000NANA
 Chaitanya Godavari Gramin Bank100,000NANA
 Chhattisgarh Rajya Gramin Bank25000NANA
 Citibank 1,00,000 NANA
 Corporation Bank1,00,000NA20,00,000
 City Union Bank1,00,000NANA
 DBS Bank1,00,000NANA
 Dena BanK 100,000NANA
 Deutsche Bank AGNANANA
 Dhanlaxmi Bank1,00,000NA1,500,000
 Dombivli Nagri Sahakari Bank100,000NANA
 Equitas Small Finance Bank Payments Bank 1,00,000NANA
  Federal bank1,00,000 NANA
 G P Parsik Bank1000007000003000000
 Gujarat State Bank50000NANA
 HDFC Bank1,00,000NA NA
 HSBC Bank100000NANA
 Indian Bank1,00,000 NANA
 ICICI Bank10,000NANA
 IDBI 50,000NA NA
 IDFC 100,000700,0003,000,000
 Indiusind Bank100000NANA
 IndusInd Bank100000NANA
 Janta Sahakari BankNANANA
 Karnataka Bank 100,000NA20,00,000
 Karnataka Vikas25000NANA
 Karur Vysya Bank1,00,000 NANA
 Kerala Grameen Bank50000NANA
 Kotak bank50,000NANA
 Langpi Dehangi25000NANA
 Mahanagar Bank100,000NANA
 Maharashtra Grameen Bank25000NANA
 Malwa Gramin Bank25000NANA
 Meghalaya Rural Bank25000NANA
 Mehasana Urban  co-operative Bank1,00,000NANA
 NKGSB Co-Op Bank Ltd 40,000NANA
 Punjab and Maharashtra Co- Op Bank Ltd1,00,000NANA
 Paytm Payments BankNANANA
 Pragathi Krishna Grameen Bank20000NANA
 Prathma Bank25000NANA
 Purvanchal Bank25000NANA
 Rajasthan Marudhar25000NANA
 Rajkot nagrik Bank100000No limitNo limit
 Samruddhi Co Op Bank50000350000150000
 Saraswat Co-op Bank  50,000NANA
 Saurashtra Gramin Bank25000NANA
 SBI / State Bank of India100,000NANA
 South Indian Bank1,00,000 NANA
 Standard Charter BankNANANA
 Standard Chartered Bank100000NANA
 Surat People Cooperative Bank100,000NANA
 SVC Bank20,000140,000600,000
 Syndicate bank50,000NANA
 Thane Bharat Sahakari Bank100000No limitNo limit
 Thane Janta sahakari Bank100000No limitNo limit
 The Jammu and Kashmir Bank Ltd25,000NA250,000
 The Kalyan janta sahakari Bank100000No limitNo limit
 The Sutex Co – Op Bank200000NANA
UCO1,00,000NA NA 
Ujjivan Small Finance Bank100,000NANA
Union Bank of India100,0005,00,00020,00,000
United Bank of India 25,000NA NA 
Uttarakhand Gramin Bank25000NANA
Varanchha Bank40,000NANA
Vijaya bank50,000NANA
Vishveshwar Co opp Bank1,00,000NANA
Yes bank1,00,000NANA

The Impact of UPI on Indian Financial Transactions

In 2016, the Reserve Bank of India (RBI) launched the Unified Payments Interface (UPI), which has since grown in popularity among all citizens and simplified money transactions. The payment system is constantly improving, allowing citizens to obtain financial independence and flexibility. The RBI is working with financial institutions to ensure that digitalization is implemented so that Indian residents can transact quickly and securely without having to visit a bank. The Reserve Bank of India contributes to the establishment of daily, monthly, and annual transaction limitations for all financial wallets.

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What exactly is Phonepe?

Phonepe is a financial wallet approved by the RBI that allows users to transmit, receive, pay bills, and recharge their phones. For direct credit or debit services, the app is linked to the user’s bank account.

Why is there a daily, monthly, and annual restriction on Phonepe?

When withdrawing or transferring money from a bank account to the Phonepe app, users are limited to a certain amount. This helps to protect the account and money by preventing misuse. Theft or fraudsters are unable to withdraw the entire amount because there is a limit.

What is Phonepe’sofficial website?

The official website of Phone Pe is

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