The daily PhonePe transaction limit is the threshold amount that a user can make transactions per day. Without this limit, users would be able to make PhonePe 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 PhonePe Transaction Limit Per Day?
Phonepe, a mobile application, is best when it comes to performing secure and swift transactions. The app is easy to use, and one can connect any of their accounts in just a single click and then carry out the transaction! There are, however, transaction limitations that you need to know about before using Phonepe.
The daily transaction limit of the PhonePe is ₹ 1 Lakh. PhonePe users can make 20 transactions per day.
PhonePe Daily limit for your Wallet
PhonePe customers who are KYC-compliant have an individual wallet that is restricted to a maximum balance of ₹ 1,00,000.
How to Increase PhonePe Transaction Limit?
We can not increase the limits on transactions per day because they are set by your bank. The PhonePe app allows for up to ₹ 1 Lakh of transfer to be made in a 24-hour period under normal circumstances.
Can I transfer more than ₹ 1,00,000 per day from PhonePe?
In the PhonePe application, there’s a daily cap on UPI payments and how many transactions an account can make. We can not make transactions of more than ₹ 1 lakh.
What if I want to make transactions of more than ₹ 1,00,000 in a calendar day?
To make transactions above ₹ 1 lakh, users can try other transaction services such as NEFT and RTGS. NEFT and RTGS have a much higher cap than that of UPI payments.
What are the charges for UPI transactions in PhonePe?
The PhonePe application does not charge any fee for processing UPI transactions.