PhonePe transaction limit per day: What is the maximum money transaction limit per day on PhonePe for different banks


PhonePe, just like several other digital payment apps, has certain restrictions on the number and amount of transactions you can deal with on a daily or monthly basis. These restrictions known as limits are applicable for different kinds of payment modes on the app be it UPI or wallet. Then there are limits set by the banks as well to which your UPI ID is linked to. In this article, we’ll be telling you the per-day transaction limits on PhonePe as well as other limits set on wallets and business-based payments.

PhonePe transaction limit per day limit

Since PhonePe works on the UPI (Unified Payments Interface) platform, users can make payments directly from their bank accounts on a real-time settlement basis. However, just like other bank transfer modes such as NEFT and IMPS, there are certain limits on the number and amount of transactions that can be done through PhonePe in a day.

The transaction limits on PhonePe UPI are as follows:


  • Daily limit of Rs 1,00,000 –A user can transfer a total amount of upto Rs Rs 1,00,000 per day. This limit also varies from bank to bank.
  • A maximum of 10 or 20 transactions per day –PhonePe users can only transact upto 10 or 20 times on a daily basis, depending on the bank.
  • Request upto a maximum of Rs 2,000 –A PhonePe user can request a maximum amount of just Rs 2,000 from someone in a day.

What is the PhonePe limit per day for banks?

Here is a list of bank-wise transaction limits for PhonePe UPI.

NAME OF BANK PER DAY TRANSACTION LIMIT
A P Mahesh Rs 1,00,000
Aditya Birla Bank Rs 1,00,000
Airtel Payments Rs 1,00,000
Allahabad Bank Rs 1,00,000
Allahabad UP Gramin Rs 1,00,000
Andhra Bank Rs 1,00,000
Andhra Pradesh Grameen Vikas Rs 25,000
Andhra Pragathi Rs 25,000
Apna Sahakari Rs 1,00,000
Assam Grameen Rs 25,000
Axis Rs 1,00,000
Bandhan Rs 1,00,000
Bank of Baroda Rs 50,000
Bank of Maharashtra Rs 20,000
Baroda Uttar Pradesh Gramin Rs 1,00,000
Bassein Rs 40,000
Bihar Gramin Rs 2,00,000
BOI Rs 1,00,000
Canara Bank Rs 1,00,000
Catholic Syrian Bank Rs 1,00,000
Central Bank of India Rs 50,000
Chaitanya Godavari Gramin Bank Rs 1,00,000
Chhattisgarh Rajya Gramin Bank Rs 25,000
Citibank Rs 1,00,000
Corporation Bank Rs 1,00,000
Cosmos Rs 50,000
City Union Bank Rs 1,00,000
DBS Bank Rs 1,00,000
DCB Bank Rs 25,000
Dena Bank Rs 1,00,000
Dhanlaxmi Bank Rs 1,00,000
Deutsche Bank AG NA
Dombivli Nagri Sahakari Bank Rs 1,00,000
Equitas Small Finance Bank Payments Bank Rs 1,00,000
Federal bank Rs 1,00,000
Fino NA
G P Parsik Bank Rs 1,00,000
Gujarat State Bank Rs 50,000
Hasti Rs 1,00,000
HDFC Bank Rs 1,00,000
HSBC Bank Rs 1,00,000
Indian Bank Rs 1,00,000
ICICI Bank Rs 10,000
IDBI Rs 50,000
IDFC Rs 1,00,000
Indiusind Bank Rs 1,00,000
Induslnd Bank Rs 1,00,000
IOB Rs 1,00,000
Janta Sahakari Bank NA
Kallapanna Rs 1,00,000
Karnataka Bank Rs 1,00,000
Karnataka Vikas Rs 25,000
Karur Vysya Bank Rs 1,00,000
Kaveri Rs 25,000
Kerala Grameen Bank Rs 50,000
Kotak Mahindra Bank Rs 50,000
LVB Rs 1,00,000
Langpi Dehangi Rs 25,000
Mahanagar Bank Rs 1,00,000
Maharashtra Grameen Bank Rs 25,000
Malwa Gramin Bank Rs 25,000
Meghalaya Rural Bank Rs 25,000
Mehasana Urban Co-operative Bank Rs 1,00,000
NKGSB Co-Op Bank Ltd Rs 40,000
OBC Rs 1,00,000
PNB Rs 1,00,000
Punjab and Maharashtra Co- Op Bank Ltd Rs 1,00,000
Paytm Payments Bank NA
Pragathi Krishna Grameen Bank Rs 20,000
Prathma Bank Rs 25,000
PSB Rs 25,000
Purvanchal Bank Rs 25,000
Rajasthan Marudhar Rs 25,000
Rajkot Nagrik Bank Rs 1,00,000
RBL Rs 1,00,000
Samruddhi Co-Op Bank Rs 50,000
Saraswat Co-op Bank Rs 50,000
Saurashtra Gramin Bank Rs 25,000
State Bank of India Rs 1,00,000
South Indian Bank Rs 1,00,000
Standard Chartered Bank Rs 1,00,000
Suco Souharda Sahakari Bank Rs 8,00,000
Surat People Cooperative Bank Rs 1,00,000
SVC Bank Rs 20,000
Syndicate Bank Rs 50,000
Telangana Grameena Bank Rs 25,000
Thane Bharat Sahakari Bank Rs 1,00,000
The Jammu and Kashmir Bank Ltd Rs 25,000
The Kalyan Janta Sahakari Bank Rs 1,00,000
The Sutex Co – Op Bank Rs 2,00,000
TMBL Rs 1,00,000
UCO Rs 1,00,000
Ujjivan Small Finance Bank Rs 1,00,000
Union Bank of India Rs 1,00,000
United Bank of India Rs 25,000
Uttarakhand Gramin Bank Rs 25,000
Vananchal Rs 25,000
Varanchha Bank Rs 40,000
Vijaya Bank Rs 50,000
Vishveshwar Co-Op Bank Rs 1,00,000
Yes Bank Rs 1,00,000

Many business owners utilise PhonePe’s merchant solutions for day-to-day activities such as sending payments to other parties or accepting payments from their end customers in exchange for goods and services. Keeping this into consideration, PhonePe doesn’t have a limit on the number of transactions a business can make through the app. This way, no matter how many transactions have been dealt with during a day or a week, there’s always a seamless flow of funds inwards and outwards.

PhonePe wallet transfer limits

Apart from allowing users to pay and receive money through UPI on its app, PhonePe also has an inbuilt wallet that can be used to make payments for goods and services both online and offline. Once an amount is added to the wallet, it cannot be taken back or transferred to any bank account. The company allows users to add a maximum of Rs 10,000 monthly to their wallet, which accounts for a total of Rs 1,20,000 maximum limit annually. However, in case of refunds or cancellations, any balance of more than Rs 10,000 can be added back to your wallet. Such limits for adding balance to a PhonePe wallet have been imposed to avoid any risk of fraudulent transactions.


FAQs

Why does PhonePe have a transaction limit?

PhonePe restricts a user to exceed a particular amount or number of transactions to prevent the misuse of funds in a bank account in case the user’s mobile phone gets stolen or the PhonePe account gets hacked. With transaction limits in place, fraudsters won’t be able to withdraw the whole amount.

How to increase PhonePe transaction limit?

Currently, there’s no provision to increase the transaction limits on PhonePe UPI or wallet-based payments. PhonePe works on the UPI framework, which has its guidelines laid down by NCPI and RBI.

Are there any charges on PhonePe transactions?

No, all the UPI-based transactions done through the PhonePe app are free of charge. As a matter of fact, irrespective of the app or platform, any organisation or company offering the UPI functionality cannot charge the account holder for making and receiving payments. Even the Finance Ministry has clarified that UPI transactions will remain free after a rumour surfaced that the government is planning to impose a fee on the usage of UPI.

 

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