PhonePe, Paytm, Gpay sets Limit for UPI transactions. Read the article to know how it can effects you

These days UPI transactions are ruling in the market by defeating over the cash money . Dedicating to all the UPI users there is an announcement as all the companies like Google Pay (GPay), Phone Pay (PhonePe), Amazon Pay (Amazon Pay) and Paytm (Paytm) have fixed the limit for doing transactions every day, which will affect crores of UPI users in the country.

According to the guidelines of the National Payment Corporation of India, now you can transact only up to Rs 1 lakh per day through UPI. At the same time, some small banks have fixed this limit up to 25,000. 

Amazon Pay has fixed the maximum limit for payment through UPI at Rs 1,00,000. Paytm UPI has fixed a limit of up to Rs 1 lakh for the users where as PhonePe has set a daily UPI transaction limit of Rs 1,00,000.GPay has set a total limit of 10 transactions across all UPI apps and bank accounts.