UPI Limit: UPI Payment Failing Repeatedly? Know Your Bank’s Actual Limit and Easy Ways to Increase It

UPI Limit: In today’s digital age, the Unified Payments Interface or UPI has become an essential part of our daily transactions. However, many times our transactions fail when we try to send a large amount of money. The main reason for this is not the UPI apps, but the transaction limit set by your bank. Apps like Google Pay, PhonePe, and Paytm only allow you to send money up to the limit determined by your bank. Many users are unaware of their bank’s limit, which often leads to failed transactions.

Understand and Increase Your Bank Limit

Each bank sets a specific UPI transaction limit for its customers. This limit is based on the customer’s profile, risk assessment, and regulatory guidelines. The limit is determined based on the bank’s risk policy, your past transaction history, and user activity.

To find out your bank’s limit, you can check the UPI or Fund Transfer section of your bank’s own app. Sometimes, your transaction limit may be reduced due to reasons like security blocks, changing your phone or SIM, or resetting your UPI PIN.

Process for Increasing Your Limit

If you need to increase your transaction limit, first look for the limit increase option on your bank’s app or website. Many bank apps have an option like “Manage UPI limits”. Upon the bank’s approval, your increased limit is immediately updated in the apps. However, if the bank has a very strict risk policy, the limit may not be increased immediately.

Security Reasons and Limits

In some cases, banks impose temporary limits on high-value payments to prevent fraud. Additionally, after adding a new device or beneficiary, you may need to wait for some time before the limit is increased. The limit might also be temporarily reduced during festivals or promotional events.

Alternative Solutions

If increasing your limit through the app isn’t possible, there are some alternative methods. You can try using the bank’s app directly. Often, it’s easier to send large amounts through Net Banking, IMPS, or RTGS.

Therefore, it is very important for all UPI users to be aware of their bank’s set limits and adopt smart methods to increase it as needed. This will allow you to make large payments without any hassle.

Disclaimer: This article is for informational purposes only. Please contact your bank before making any decisions.