Unified Payment Interface (UPI) is one of the best payment methods in India. Various apps such as Google Pay, Paytm, Amazon Pay, and many more allow users to pay the merchant via the UPI method in India. One of them is PhonePe. The platform is one of the most used UPI apps in India and currently holds almost half of the transaction counts in the country. While the app is useful, it has certain limitations on how much amount a user can send. In this article, we will tell you about the PhonePe transaction limit per day per month. And, how much amount you can transfer to the receiver. Without any further ado, let’s get started.
Also Read: Where Is UPI ID: How to Find UPI ID in Google Pay, PhonePe, Paytm?
Phonepe Transaction Limit Per Day
Here are all the payment limits imposed by PhonePe on UPI transactions.
- A user can transfer a maximum amount of Rs 1,00,000 per day per bank account.
- Rs 1,00,000 is the daily limit for UPI transactions on the PhonePe app. Once crossed, the UPI transactions will fail.
- A maximum of 10 or 20 transactions are allowed per day, depending on the account.
Phonepe Transaction Limit Per Day For Different Banks
Here’s a detailed table of the limits imposed by each bank for PhonePe transactions.
| Name of Bank | Phonepe Per day transaction limit (in Rs) |
| A P Mahesh | 100,000 |
| Aditya Birla Bank | 100000 |
| Airtel Payments | 1,00,000 |
| Allahabad Bank | 1,00,000 |
| Allahabad UP Gramin | 100,000 |
| Andhra Bank | 1,00,000 |
| Andhra Pradesh Grameen Vikas | 25000 |
| Andhra Pragathi | 25000 |
| Apna Sahakari | 100000 |
| Assam Grameen | 25000 |
| Axis | 1,00,000 |
| Bandhan | 100000 |
| Bank of Baroda | 50,000 |
| Bank of Maharashtra | 20000 |
| Baroda Gujarat Gramin | NA |
| Baroda Uttar Pradesh Gramin | 100,000 |
| Bassein | 40000 |
| Bihar Gramin | 200,000 |
| BOI | 100,000 |
| Canara Bank | 100,000 |
| Catholic Syrian Bank | 1,00,000 |
| Central Bank of India | 50000 |
| Chaitanya Godavari Gramin Bank | 100,000 |
| Chhattisgarh Rajya Gramin Bank | 25000 |
| Citibank | 1,00,000 |
| Corporation Bank | 1,00,000 |
| Cosmos | 50000 |
| City Union Bank | 1,00,000 |
| DBS Bank | 1,00,000 |
| DCB BANK | 25,000 |
| Dena BanK | 100,000 |
| Deutsche Bank AG | NA |
| Dhanlaxmi Bank | 1,00,000 |
| Dombivli Nagri Sahakari Bank | 100,000 |
| Equitas Small Finance Bank Payments Bank | 1,00,000 |
| Fino | NA |
| Federal bank | 1,00,000 |
| G P Parsik Bank | 100000 |
| Gujarat State Bank | 50000 |
| Hasti | 100000 |
| HDFC Bank | 1,00,000 |
| HSBC Bank | 100000 |
| Indian Bank | 1,00,000 |
| ICICI Bank | 10,000 |
| IDBI | 50,000 |
| IDFC | 100,000 |
| Indiusind Bank | 100000 |
| IndusInd Bank | 100000 |
| IOB | 100,000 |
| Janta Sahakari Bank | NA |
| Kallapanna | 100000 |
| Karnataka Bank | 100,000 |
| Karnataka Vikas | 25000 |
| Karur Vysya Bank | 1,00,000 |
| Kaveri | 25000 |
| Kerala Grameen Bank | 50000 |
| Kotak bank | 50,000 |
| LVB | 100,000 |
| Langpi Dehangi | 25000 |
| Mahanagar Bank | 100,000 |
| Maharashtra Grameen Bank | 25000 |
| Malwa Gramin Bank | 25000 |
| Meghalaya Rural Bank | 25000 |
| Mehasana Urban co-operative Bank | 1,00,000 |
| Mizoram | 25000 |
| NKGSB Co-Op Bank Ltd | 40,000 |
| OBC | 1,00,000 |
| PNB | 100,000 |
| Punjab and Maharashtra Co- Op Bank Ltd | 1,00,000 |
| Paytm Payments Bank | NA |
| Pragathi Krishna Grameen Bank | 20000 |
| Prathma Bank | 25000 |
| PSB | 25,000 |
| Purvanchal Bank | 25000 |
| Rajasthan Marudhar | 25000 |
| Rajkot nagrik Bank | 100000 |
| RBL | 100000 |
| Samruddhi Co Op Bank | 50000 |
| Saraswat Co-op Bank | 50,000 |
| Saurashtra Gramin Bank | 25000 |
| SBI / State Bank of India | 100,000 |
| South Indian Bank | 1,00,000 |
| Standard Charter Bank | NA |
| Standard Chartered Bank | 100000 |
| SUCO SOUHARDA SAHAKARI BANK | 8,00,000 |
| Surat People Cooperative Bank | 100,000 |
| SVC Bank | 20,000 |
| Syndicate bank | 50,000 |
| TELANGANA GRAMEENA BANK | 25000 |
| Thane Bharat Sahakari Bank | 100000 |
| Thane Janta sahakari Bank | 100000 |
| The Jammu and Kashmir Bank Ltd | 25,000 |
| The Kalyan janta sahakari Bank | 100000 |
| The Sutex Co – Op Bank | 200000 |
| TMBL | 100000 |
| UCO | 1,00,000 |
| Ujjivan Small Finance Bank | 100,000 |
| Union Bank of India | 100,000 |
| United Bank of India | 25,000 |
| Uttarakhand Gramin Bank | 25000 |
| Vananchal | 25000 |
| Varanchha Bank | 40,000 |
| Vijaya bank | 50,000 |
| Vishveshwar Co opp Bank | 1,00,000 |
| Yes bank | 1,00,000 |
PhonePe Transaction Limit For Businesses
A business has to receive or send a huge amount multiple times; hence, PhonePe doesn’t levy any limit on them to do as many transactions as they want. Do note that this benefit is only for the users who hold a PhonePe business account and have a valid shop registered within the company.
Also Read: How to Create UPI ID in Google Pay, Paytm, PhonePe, Amazon Pay Payment Apps
PhonePe Money Transfer Limit for Wallet
PhonePe wallet is the company’s own payment option in which users can keep their money. This cannot be transferred to any bank account but to another wallet only. PhonePe has kept a monthly and annual limit on its wallet to avoid any risk. The company has allowed users to load a maximum balance of Rs 10,000 monthly and Rs 1,20,000 annually in the wallet. Besides that, the company will not allow users to load more than Rs 10,000 in the wallet at any time. However, this rule will exempt users who will receive a refund or cancellation amount in their wallets.
FAQs
How many transactions can I do in PhonePe in one month?
A user can do a maximum of 20 transactions per day from its PhonePe account. This means that a maximum of 600 transactions should be allowed in a month.
Can I increase my PhonePe limit?
Unfortunately, you cannot increase your PhonePe limit, but you can link another bank account to your PhonePe UPI and transact more.
What is the minimum amount that can be sent through PhonePe?
Re 1 is the minimum amount that can be sent through PhonePe via UPI or wallet.
Does PhonePe charge for transactions?
PhonePe has revealed that all the UPI money transfer done from its application is free of cost. These include UPI transfers, offline and online payments (across UPI, credit and debit cards, and wallets). Users can transfer money for free using the PhonePe application.
