How to Increase PhonePe Transaction Limit Per Day?

Sameer Content Writer

Nowadays, more and more prefer digital transactions for most payments. Digital transactions help us make a contactless payment, whether it is online or at a nearby store. However, some people may still have doubts about transaction limits. 

In this post, we try to cover this topic in detail. And you will also get to know how to increase the PhonePe transaction limit. 

We will cover all things related to this topic, like the number of transactions allowed, the upper limit per transaction and the UPI transaction limit for different banks. So keep reading to learn more about all these things.

Meanwhile, recently we also shared a post on how to change PhonePe UPI PIN; for more details on this topic, click here

 

how-to-increase-phonepe-transaction-limit

What is Transaction Limit in PhonePe?

PhonePe is one of the most popular UPI apps with a huge user base. Millions of users perform different transactions on the app daily. In addition to UPI Payments, you can also add money to your PhonePe wallet and use it for online transactions such as cab bookings, food ordering, recharge, bill payments and more.

But whether it is PhonePe wallet or UPI, there is a transaction limit that you need to follow; otherwise, your payment will fail. The transaction limit also applies to other payment apps such as Paytm, Google pay, Freecharge, Mobikwik, and BHIM UPI. 

You can also increase your PhonePe wallet transaction in easy steps that we will share later in this post. 

PhonePe Transaction Limit 

Category

Transaction Limit

Maximum Limit Per transaction

₹1 Lakh

Maximum Limit Per Day

₹1 Lakh

No.of transaction Limit per day

10 to 20 depends

Wallet top-up limit

₹ 10,000 per month

How to Increase PhonePe UPI transaction limit

The UPI transaction limit on PhonePe is Rs. 1 lakh. However, the limit also depends on the linked bank account. To make a UPI transaction, you need to link a bank account on PhonePe. And different banks have set limits for transactions. 

The limit applies to all customers and can not be increased. If you want to increase your UPI transaction limit, you can link more than 1 bank account on PhonePe. Since the transaction limit depends on your bank, linking multiple bank accounts is the only possible solution if you want to increase transaction limit per day. 

With each bank account you link to PhonePe, the transaction limit will be increased. 

For instance, if you have linked the Bank of Baroda bank account on PhonePe, then the upper limit per transaction is Rs. 25,000. While the daily transaction limit is Rs. 50,000. 

Similarly, for other banks such as SBI, HDFC, and DBS, the upper limit per transaction is Rs. 1 lakh. 

How to Add Multiple Bank accounts on PhonePe?

  • Open the PhonePe app

  • Go to the My Money Page

  • Select bank accounts under payment modes

  • Click on add new bank account

  • Select your bank account

  • Set UP UPI PIN

  • Your bank account is added, now enjoy higher transaction limit per day 
     

UPI Transaction Limit For Banks

S.No.

Bank Name

Upper Limit Per Transaction

Per Day Transaction Limit

1

State Bank of India

Rs. 1 lakh

Rs. 1 lakh

2

ICICI Bank

Rs. 10,000

Rs. 10,000

3

HDFC Bank

Rs. 1 lakh

Rs. 1 lakh

4

Andhra Bank

Rs. 1 lakh

Rs. 1 lakh

5

Axis Bank

Rs. 1 lakh

Rs. 1 lakh

6

Bank of Baroda

Rs. 25,000

Rs. 50,000

7

Bank of Maharashtra

Rs. 10,000

Rs. 20,000

8

Canara Bank

Rs. 1 lakh

Rs. 1 lakh

9

Corporation Bank

Rs. 50,000

Rs. 1 lakh

10

Bank of India

Rs. 10,000

Rs. 1 lakh

11

Central Bank

Rs. 25,000

Rs. 50,000

12

Corporation Bank

Rs. 50,000

Rs. 1 lakh

13

Citibank

Rs. 1 lakh

Rs. 1 lakh

14

City Union Bank

Rs. 1 lakh 

Rs. 1 lakh

15

Dena Bank

Rs. 1 lakh

Rs. 1 lakh

16

DCB Bank

Rs. 25,000

Rs. 25,000

17

DBS Bank

Rs. 1 lakh

Rs. 1 lakh

18

Dhanlaxmi Bank

Rs. 50,000

Rs. 1 lakh

19

Equitas Small Finance Bank

Rs. 1 lakh

Rs. 1 lakh

20

Federal Bank

Rs. 1 lakh

Rs. 1 lakh

21

HSBC Bank

Rs. 1 lakh

Rs. 1 lakh

22

IDBI Bank

Rs. 25,000

Rs. 50,000

23

IndusInd Bank

Rs. 1 lakh

Rs. 1 lakh

24

IDFC Bank

Rs. 1 lakh

Rs. 1 lakh

25

Indian Overseas Bank

Rs. 50,000

Rs. 1 lakh

26

Karnataka Bank

Rs. 1 lakh

Rs. 1 lakh

27

Karur Vysya Bank

Rs. 1 lakh

Rs. 1 lakh

28

Kotak Mahindra Bank

Rs. 25,000

Rs. 50,000

29

Lakshmi Vilas Bank

Rs. 1 lakh

Rs. 1 lakh

30

Punjab National Bank

Rs. 1 lakh

Rs. 1 lakh

31

RBL

Rs. 50,000

Rs. 1 lakh

32

South Indian Bank

Rs. 1 lakh

Rs. 1 lakh

33

Standard Chartered Bank

Rs. 1 lakh

Rs. 1 lakh

34

Syndicate Bank

Rs. 25,000

Rs. 50,000

35

Tamilnad Mercantile Bank

Rs. 20,000

Rs. 1 lakh

36

UCO Bank

Rs. 1 lakh

Rs. 1 lakh

37

Ujjivan Small Finance Bank

Rs. 50,000

Rs. 1 lakh

38

Union Bank of India

Rs. 1 lakh

Rs. 1 lakh

39

Vijaya Bank

Rs. 50,000

Rs. 50,000

40

Yes Bank

Rs. 1 lakh

Rs. 1 lakh

 

How to increase PhonePe Wallet limit?

You can add a maximum of Rs. 10,000 to your PhonePe wallet per month. And the maximum limit per year is Rs. 1,20,000. Meanwhile, RBI recently increased the outstanding balance in wallets to Rs. 2 lakh. Earlier, the limit for all e-wallets was Rs. 1 lakh. 

Phone Withdrawal Limit

You can also withdraw money from your PhonePe account. The feature was recently introduced by the company to allow users to withdraw money at partner merchant stores.

Before you withdraw money from PhonePe, you should know the withdrawal limit. There is daily, monthly and yearly limit.

The daily withdrawal limit is Rs. 5000. You can withdraw up to Rs. 25,000. At the same time, the annual withdrawal limit is Rs. 3,00,000. 

Now, if you want to know whether you can increase your withdrawal limit. This withdrawal limit can't be increased. 

It is basically a feature introduced by the company to provide users with an option in case of an emergency when they need cash. 

PhonePe customer Care number

You can call on 080 - 68727374 or 022 - 68727374 to get in touch with PhonePe customer care.

You can also visit support.phonepe.com and log in with your mobile to solve all your queries related to your transactions or account.

Since the per day transaction limit is different for banks, if you want to increase your UPI transaction limit, then you link accounts with these banks and increase your limit. Nowadays, most banks are offering online savings account open services. You need to provide basic details and complete the Video KYC to open a savings account online. 
 

Frequently Asked Questions

What is the PhonePe Wallet limit?

The wallet limit for PhonePe is Rs. 10,000 per month. You can add up to Rs. 10,000 in a month.

What is the money transfer limit on PhonePe?

The maximum UPI money transfer limit is Rs. 1 lakh. However, the limit also changes as per the bank account. 

How to increase PhonePe money transfer limit?

You can link 2 or more bank accounts on PhonePe to increase your money transfer limit. 

About Author

Sameer

Content Writer

I’m an engineer that accidentally fell in love with words. I write about things that I like and things that I don’t, mainly in the online shopping sphere.