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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. 

What is the 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. 

How to increase PhonePe Wallet limit?

You can add a minimum 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 company recently introduced a feature to allow users to withdraw money at partner merchant stores. Before you withdraw money from PhonePe, you should know the withdrawal limit. There is a 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 Transaction Limit

Below I have mentioned types of PhonePe transactions and their transaction limits. Have al ook

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

UPI Transaction Limit For Banks

Every bank has a different UPI tarnsaction limit. Check out the upper limit per transaction and perday transaction limit.

Bank Name	Upper Limit Per Transaction	Per Day Transaction Limit
State Bank of India	Rs. 1 lakh	Rs. 1 lakh
ICICI Bank	Rs. 10,000	Rs. 10,000
HDFC Bank	Rs. 1 lakh	Rs. 1 lakh
Andhra Bank	Rs. 1 lakh	Rs. 1 lakh
Axis Bank	Rs. 1 lakh	Rs. 1 lakh
Bank of Baroda	Rs. 25,000	Rs. 50,000
Bank of Maharashtra	Rs. 10,000	Rs. 20,000
Canara Bank	Rs. 1 lakh	Rs. 1 lakh
Corporation Bank	Rs. 50,000	Rs. 1 lakh
Bank of India	Rs. 10,000	Rs. 1 lakh
Central Bank	Rs. 25,000	Rs. 50,000
Corporation Bank	Rs. 50,000	Rs. 1 lakh
Citibank	Rs. 1 lakh	Rs. 1 lakh
City Union Bank	Rs. 1 lakh	Rs. 1 lakh
Dena Bank	Rs. 1 lakh	Rs. 1 lakh
DCB Bank	Rs. 25,000	Rs. 25,000
DBS Bank	Rs. 1 lakh	Rs. 1 lakh
Dhanlaxmi Bank	Rs. 50,000	Rs. 1 lakh
Equitas Small Finance Bank	Rs. 1 lakh	Rs. 1 lakh
Federal Bank	Rs. 1 lakh	Rs. 1 lakh
HSBC Bank	Rs. 1 lakh	Rs. 1 lakh
IDBI Bank	Rs. 25,000	Rs. 50,000
IndusInd Bank	Rs. 1 lakh	Rs. 1 lakh
IDFC Bank	Rs. 1 lakh	Rs. 1 lakh
Indian Overseas Bank	Rs. 50,000	Rs. 1 lakh
Karnataka Bank	Rs. 1 lakh	Rs. 1 lakh
Karur Vysya Bank	Rs. 1 lakh	Rs. 1 lakh
Kotak Mahindra Bank	Rs. 25,000	Rs. 50,000
Lakshmi Vilas Bank	Rs. 1 lakh	Rs. 1 lakh
Punjab National Bank	Rs. 1 lakh	Rs. 1 lakh
RBL	Rs. 50,000	Rs. 1 lakh
South Indian Bank	Rs. 1 lakh	Rs. 1 lakh
Standard Chartered Bank	Rs. 1 lakh	Rs. 1 lakh
Syndicate Bank	Rs. 25,000	Rs. 50,000
Tamilnad Mercantile Bank	Rs. 20,000	Rs. 1 lakh
UCO Bank	Rs. 1 lakh	Rs. 1 lakh
Ujjivan Small Finance Bank	Rs. 50,000	Rs. 1 lakh
Union Bank of India	Rs. 1 lakh	Rs. 1 lakh
Vijaya Bank	Rs. 50,000	Rs. 50,000
Yes Bank	Rs. 1 lakh	Rs. 1 lakh

Conclusion

I hope this has provided you with all the answers to your question about How to Increase PhonePe Transaction Limit. Read and share this article with your friends and family so that they can also avail these benefits and  not get stuck during high-amount transactions. If you have any concerns, let us know in our comment section. 

Frequently Asked Questions

Q. What is the limit of PhonePe transaction per day?

A. The maximum limit of PhonePe transactions per day is Rs. 1 lakh. For more details regarding the PhonePe transaction limit, read the complete article.

Q. How do I increase my UPI transaction limit?

A. In this article, I have explained the whole process to increase the PhonePe UPI transaction limit. Read it out.

Q. What is the PhonePe Wallet limit?

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

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