Table of Contents
PhonePe Transaction Limit Per Day
The PhonePe UPI transaction limit per day is ₹1 lakh (₹100,000) for all users.
In 24 hours you can send money only a maximum of 20 times on Phonepe. This means that you can transfer up to ₹1 lakh in a single day, which can be broken into a total of 20 transactions each day.
If you want to transfer more money or conduct a greater number of transactions, you will have to wait for the 24-hour time period to get over.
Note: As of November 2022, the NPCI proposed putting a 30% volume cap on all UPI apps. This is to ensure apps like Google Pay and PhonePe don’t have a monopoly of the UPI market. This means the Indian population cannot make unlimited transactions via their UPI apps.
Related Read: Google Pay Transaction Limits Per Day
PhonePe Transaction Limit Per Day for Different Banks
PhonePe is one of the most convenient and secure payment methods for digital payments. To ensure smooth transactions and protect users from fraudulent activities, PhonePe has set transaction limits for various banking activities.
Here is a detailed overview of the PhonePe daily limit for around 100 different banks across India.
S. No. |
Bank Name |
PhonePe Transactions Limit Per Day (INR) |
| 1 | State Bank of India | 1,00,000 |
| 2 | HDFC Bank | 1,00,000 |
| 3 | ICICI Bank | 10,000 |
| 4 | Axis Bank | 1,00,000 |
| 5 | Kotak Mahindra Bank | 50,000 |
| 6 | Yes Bank | 1,00,000 |
| 7 | Punjab National Bank | 1,00,000 |
| 8 | Bank of Baroda | 50,000 |
| 9 | A P Mahesh | 1,00,000 |
| 10 | Aditya Birla Bank | 1,00,000 |
| 11 | Airtel Payments Bank | 1,00,000 |
| 12 | Allahabad Bank | 1,00,000 |
| 13 | Allahabad UP Gramin | 1,00,000 |
| 14 | Andhra Bank | 1,00,000 |
| 15 | Andhra Pradesh Grameen Vikas | 25,000 |
| 16 | Andhra Pragathi | 25,000 |
| 17 | Apna Sahakari | 1,00,000 |
| 18 | Assam Grameen | 25,000 |
| 19 | Bandhan Bank | 1,00,000 |
| 20 | Bank of Maharashtra | 20,000 |
| 21 | Baroda Uttar Pradesh Gramin | 1,00,000 |
| 22 | Bassein | 40,000 |
| 23 | Bihar Gramin | 2,00,000 |
| 24 | BOI | 1,00,000 |
| 25 | Canara Bank | 1,00,000 |
| 26 | Catholic Syrian Bank | 1,00,000 |
| 27 | Central Bank of India | 50,000 |
| 28 | Chaitanya Godavari Gramin Bank | 1,00,000 |
| 29 | Chhattisgarh Rajya Gramin Bank | 25,000 |
| 30 | Citibank | 1,00,000 |
| 31 | Corporation Bank | 1,00,000 |
| 32 | Cosmos | 50,000 |
| 33 | City Union Bank | 1,00,000 |
| 34 | DBS Bank | 1,00,000 |
| 35 | DCB BANK | 25,000 |
| 36 | Dena Bank | 1,00,000 |
| 37 | Dhanlaxmi Bank | 1,00,000 |
| 38 | Dombivli Nagri Sahakari Bank | 1,00,000 |
| 39 | Equitas Small Finance Bank Payments Bank | 1,00,000 |
| 40 | Federal Bank | 1,00,000 |
| 41 | G P Parsik Bank | 1,00,000 |
| 42 | Gujarat State Bank | 50,000 |
| 43 | Hasti | 1,00,000 |
| 44 | HSBC Bank | 1,00,000 |
| 45 | Indian Bank | 1,00,000 |
| 46 | IDBI | 50,000 |
| 48 | IDFC | 1,00,000 |
| 49 | IndusInd Bank | 1,00,000 |
| 50 | IOB | 1,00,000 |
| 51 | Kallapanna | 1,00,000 |
| 52 | Karnataka Bank | 1,00,000 |
| 53 | Karnataka Vikas | 25,000 |
| 54 | Karur Vysya Bank | 1,00,000 |
| 55 | Kaveri | 25,000 |
| 56 | Kerala Grameen Bank | 50,000 |
| 57 | LVB | 1,00,000 |
| 58 | Langpi Dehangi | 25,000 |
| 59 | Mahanagar Bank | 1,00,000 |
| 60 | Maharashtra Grameen Bank | 25,000 |
| 61 | Malwa Gramin Bank | 25,000 |
| 62 | Meghalaya Rural Bank | 25,000 |
| 63 | Mehsana Urban Co-Operative Bank | 1,00,000 |
| 64 | Mizoram | 25,000 |
| 65 | NKGSB Co-Op Bank Ltd | 40,000 |
| 66 | OBC | 1,00,000 |
| 67 | Punjab and Maharashtra Co-Op Bank Ltd | 1,00,000 |
| 68 | Pragathi Krishna Grameen Bank | 20,000 |
| 69 | Prathama Bank | 25,000 |
| 70 | PSB | 25,000 |
| 71 | Purvanchal Bank | 25,000 |
| 72 | Rajasthan Marudhar | 25,000 |
| 73 | Rajkot Nagrik Bank | 1,00,000 |
| 74 | RBL | 1,00,000 |
| 75 | Samruddhi Co-Op Bank | 50,000 |
| 76 | Saraswat Co-Op Bank | 50,000 |
| 78 | Saurashtra Gramin Bank | 25,000 |
| 79 | South Indian Bank | 1,00,000 |
| 80 | SUCO SOUHARDA SAHAKARI BANK | 8,00,000 |
| 81 | Surat People Cooperative Bank | 1,00,000 |
| 82 | SVC Bank | 20,000 |
| 83 | Syndicate Bank | 50,000 |
| 84 | TELANGANA GRAMEENA BANK | 25,000 |
| 85 | Thane Bharat Sahakari Bank | 1,00,000 |
| 86 | Thane Janta sahakari Bank | 1,00,000 |
| 87 | The Jammu and Kashmir Bank Ltd | 25,000 |
| 88 | The Kalyan janta sahakari Bank | 1,00,000 |
| 89 | The Sutex Co-Op Bank | 2,00,000 |
| 90 | TMBL | 1,00,000 |
| 91 | UCO | 1,00,000 |
| 92 | Ujjivan Small Finance Bank | 1,00,000 |
| 93 | Union Bank of India | 1,00,000 |
| 94 | United Bank of India | 25,000 |
| 95 | Uttarakhand Gramin Bank | 25,000 |
| 96 | Vananchal | 25,000 |
| 97 | Varachha Bank | 40,000 |
| 98 | Vijaya Bank | 50,000 |
| 99 | Vishweshwar Co-Op Bank | 1,00,000 |
Related Read: What is the SBI UPI Transaction Limit Per Day?
What is the PhonePe Transaction Limit for Businesses?
- Transaction limits are the maximum amount of money a business can transfer or receive in a day through PhonePe.
- A business can use PhonePe to receive or send a lot of money many times, and there’s no limit on how many transactions it can conduct.
- This is great for businesses because they can handle many transactions without restrictions.
- However, it’s important to know that this perk is only for users with a PhonePe Business account and a registered shop within their company.
- Additionally, PhonePe offers seamless web integration, enabling businesses to streamline their online transactions and enhance their digital presence.
PhonePe Money Transfer Limit for Wallet
PhonePe transfer limit for wallet refers to the maximum amount you can transfer using PhonePe’s wallet.
PhonePe’s money transfer limits for wallet transactions are governed by various factors, including user account type and KYC completion:
- The daily PhonePe transfer limit for wallet users who have completed minimum KYC verification is ₹10,000. Thus, you can send or receive up to ₹10,000 in a single day using your PhonePe wallet.
- If you have completed full KYC verification, which involves providing additional personal information and documentation, the daily limit increases to ₹2,00,000 per transaction and ₹4,00,000 per day. With this higher limit, you can transfer more money using your PhonePe wallet.
It is worth noting that these limits may vary depending on factors such as your PhonePe account type, KYC status, and transaction history. To check your specific transaction limit, go to the “My Money” section of the PhonePe app.
Understanding the PhonePe transaction limit for bank transfers will help you effectively manage your finances and ensure smooth transactions within the platform.
How to Increase PhonePe Transaction Limit?
There are two ways to increase your PhonePe transaction limit
1. Complete Full KYC
To increase limit:
- Minimum KYC: This allows daily transactions up to ₹10,000.
- Full KYC: This increases the daily limit to ₹4,00,000 per day.
To complete Full KYC, you’ll need to provide additional documents like Aadhaar card, PAN card, and address proof. You can do this within the PhonePe app.
2. Contact Your Bank
To increase limit:
- Contact Your Bank: Reach out to your bank’s customer service or visit a branch to request an increase.
- Bank’s Assessment: Your bank will assess your financial history and risk profile before deciding on an increase.
Conclusion
PhonePe sets transaction limits to ensure security and prevent fraudulent activities. The PhonePe daily transaction limit for individuals varies depending on the bank. While some banks have a maximum limit of ₹1 lakh per day, others allow transactions up to ₹2 lakhs. For bank transfer transactions through PhonePe, the daily limit is generally set at ₹1 lakh. However, certain banks may have lower limits for transfers made via UPI Autopay or the UPI payment gateway. Businesses using PhonePe can also enjoy higher limits based on their requirements and approval from the NPCI.
Related Read: What are Payment Banks? Features & List of Payments Banks
Frequently Asked Questions
1. Can I increase the PhonePe transaction limit per day?
Yes, you can increase your PhonePe transaction limit per day by completing the full KYC process. Once your KYC is verified, you can enjoy higher transaction limits for money transfers.
2. Can I check your current transaction limit within the PhonePe app?
You can easily check your current transaction limit within the PhonePe app via the following steps:
- Open the app and go to the “My Money” section.
- Select “Limits & Withdrawal” to view your daily UPI transaction limits and other activities, such as bank transfers and money transfers.
3. What happens if I exceed the PhonePe daily transaction limit?
Exceeding the PhonePe daily transaction limit will result in your transaction being declined. The maximum transaction limits for different activities on PhonePe vary depending on the type of transaction and your KYC status. It is important to be aware of these limits to avoid any inconvenience.
4. Do the transaction limits vary for different PhonePe account holders?
Yes, the transaction limits on PhonePe can vary for different account holders. The daily transaction limit depends on factors like the type of PhonePe account, KYC status, and transaction history. It is also important to note that these limits may change over time.
