How To Increase UPI Limit: Transferring money through UPI is simple, but for some people it becomes difficult to make transactions larger than the daily limit of Rs 1 lakh. If you are also troubled by this, then let us tell you how you can increase the limit of UPI…
How to increase UPI Limit: In this era of digital payments, UPI (Unified Payments Interface) has become the fastest and most popular way to transfer money. Every day, millions of people pay bills, make purchases and send money through UPI from mobile phones.
But sometimes the daily limit of Rs 1 lakh is not enough, especially when large bills or business transactions have to be done. In such a situation, it becomes necessary to increase the UPI limit so that large amounts can be sent without interruption. Let us know how you can increase your UPI limit, that too in a simple step by step manner.
The UPI limit is set by the National Payments Corporation of India (NPCI), and currently for most banks it is 1 lakh per day. In some special sectors like hospitals, education or tax payments, this limit can be up to 2 lakhs or even 5 lakhs. Every bank can also make changes in it according to its own.
How can you increase UPI limit?
- First of all, check your current limit by visiting your UPI app (Google Pay, PhonePe, Paytm, BHIM, YONO etc.) or bank’s website. This limit may vary in different banks and apps.
- You will have to contact your bank to request to increase the limit. You can visit the bank branch, or submit a request through net/mobile banking app. The option to increase the limit is also available in the apps of many banks.
- To increase the limit, your bank account should be fully KYC verified. Along with this, your transaction history is also necessary, so that the bank can check your credibility.
- The bank approves your request to increase the limit based on your profile, transaction pattern and needs. This can usually take 1-2 days.
- If you reach the limit of one UPI ID, you can use another UPI ID linked to another bank account to transact using this method and transfer large amounts easily.
Some important points
- The limit of every bank and UPI app may be different, so make sure to know the policy of your bank.
- Increasing the limit depends only on the requirement and bank approval, and not everyone can get it.
- Generally higher limits are available for payments like hospital, education, tax or IPO.
- While increasing the limit, your account should be verified and transaction history should be correct.
