The daily Paytm transaction limit is the threshold amount that a user can make transactions per day. Without this limit, users would be able to make Paytm transactions in an unlimited amount per day, which would make it easy for fraudsters to abuse the platform.
The daily transaction limit is calculated on a per-user basis.
What is Paytm Transaction Limit Per Day?
To protect and inspire confidence and security for transactions, all transactions that occur through the UPI system are controlled to comply with standard guidelines set by the Reserve Bank of India.
According to the current standards and rules, the maximum daily limit of ₹ 1 lakh applies per separate account every day (for example: suppose you have two bank accounts, each having a 1 lakh rupee limit).
The maximum UPI limit on transactions for customers depends on which bank you’re with and may vary between banks.
If a user is trying to send an amount that exceeds the daily threshold, the user will be informed like “the maximum limit has been reached.”
Paytm Daily Limit For Wallet
Paytm customers who are KYC registered have an individual wallet limit of ₹ 100,000. They can determine how much the transfer limits are but the maximum restriction is ₹100,000.
How to Increase Paytm Transaction Limit?
There are no possible ways to increase the daily transaction limit in Paytm. The transaction limits for any transaction from or to a bank account can only be increased by the bank.
Customers who use Paytm are currently capped at transactions worth ₹ 1 Lakh on Paytm per day.
Can I transfer more than ₹ 1,00,000 per day from Paytm?
The Paytm application has a daily transaction limit of ₹ 1 lakh per day.
If you try to transact more than this amount, the application will inform you that you’re exceeding your limit and stop you from making more transactions on the app. Paytm has done this to make sure that there is no fraud conducted on the application.
What if I want to make transactions of more than ₹ 1,00,000 in a calendar day?
If you need to transfer funds that are more than ₹ 1 lakh, then you may want to look into other means of transaction, such as the Real-Time Gross Settlement (RTGS) and the National Electronic Funds Transfer (NEFT) systems. These both allow you to make transfers much larger than ₹ 1 lakh.
What are the charges for UPI transactions in Paytm?
Paytm is free to use and does not charge for making UPI transactions. Users can make 20 transactions per day for free.