A Monthly limit of Rs, 10,000 and an annual limit of Rs. 1,20,000 have been set by Phonepe. PhonePe Wallet can be used for purchasing things from merchants that accept PhonePe. Here also, you’ll face a Phonepe transaction limit per day. A debit limit of Rs. 10,000/- per month is applicable in such scenarios. Why are there such limits on Phonepe
PhonePe Transfer Limit. The PhonePe app supports various payment methods so the minimum and maximum limit are different for each payment methods. 1. UPI Transactions: The UPI limit is the same as the limit of UPI transactions. 2. Wallet To Wallet: You can send Rs 10,000 in a single transaction while your monthly top up limit is Rs 10,000. 3.
Phonepe transaction limit per day. But there are some limitations you should know before using the app. There is an individual transaction limit of ₹1 lakh per day as well as 20 UPI transactions per day that are applicable across all linked accounts on this platform. Maximum number of PhonePe transactions limit in 24 hours = 10 or 20 (depends).
Wallet Top up limit: ₹ 10,000/transaction and ₹ 20,000/month. Wallet Withdrawal limit: ₹ 5,000/transaction and ₹25,000/month. Wallet transfer limit: Monthly limit depends on how much your beneficiary has loaded money in his PhonePe wallet in that particular month.
Further, Your PhonePe Wallet balance shall be limited to Rs. 10,000/- at any point in time and You may not be allowed to add funds in case Your PhonePe limits are triggered except in case of refunds on cancelled transactions, wherein the balance may be higher than the limit of Rs. 10,000/-.
There’s a singular transaction limit of Rs.1 lakh each day just as 20 UPI transactions each day that apply to all connected accounts on this platform. • Maximum Amount Per transaction = Rs.1 Lakh • Maximum Amount can be paid in a day = Rs.1 lakh • Maximum Number of Phonepe Transaction limit in 24 hours = 10 or 20 (depending).
The eGVs shall be valid for 1 year and is subject to a maximum limit of Rs.10,000 per gift voucher. PhonePe reserves the right to extend the validity period of your vouchers at its discretion. PhonePe reserves the right to impose additional amount limits within the overall applicable limit.
In a statement on Thursday, NPCI announced that third-party applications or TPAs like Google Pay and PhonePe — companies providing payment services via UPI can process a maximum of 30% of the transaction volumes starting Jan. 1, 2021. And this is a problem since PhonePe and Google Pay currently hold about 40% of the market, each.