If you send money from your phone using UPI, or Unified Payments Interface, we will inform you today how much you can send using these apps. You must be aware of that limit because there is a cap on the amount that may be transferred using UPI. Let's start by discussing the maximum amount of money you can transfer using various payment apps.
UPI is used through many payment apps
You use the UPI created by the government through various payment apps in our country's present system. Paytm, Phone Pay, Google Pay, and Amazon Pay are the key payment platforms where users use UPI. Even though no fee is associated with sending or transferring money with these payment apps, each app has its daily cap. Many times, the limit being exceeded prevents your transaction from being completed. Let us review each app you can use to send money one at a time.
Paytm
Millions of individuals currently use the Indian company Paytm. You can carry out other tasks and your everyday shopping using this app. There is a daily cap on the amount of money that can be sent through Paytm. You can transfer just 20,000 using Paytm in a single hour. You are only permitted to complete a maximum of five transactions each hour, per Paytm's restrictions. After that, you won't be able to use this app if you send money.
How much can you do with Phone Pay?
You can transfer up to 1,00,000 to anyone at any time of the day using Phone Pay. However, there are situations when it also depends on other factors, on which the bank's limit also depends. Because various banks occasionally have varying restrictions.
Google Pay
You can transfer up to 1,00,000 to anyone at any time of the day using Phone Pay. However, there are situations when it also depends on other factors, on which the bank's limit also depends. Because various banks occasionally have varying restrictions.
Amazon Pay
Amazon has also established a limit for sending money to someone using UPI and using Amazon Pay on your mobile device. This cap is set at 100,000. You can transfer 5,000 from your account in 24 hours if you're a new Amazon Pay member. However, you can transfer up to 100,000 after 24 hours after registration.
