Online Payment App: Such a phase of digitization has gone on that people have shortage of cash, and money is lying online. People are resorting to online payment apps from booking cabs to paying for shopping. Most people prefer to make online payments through apps like GPay, Amazon Pay, PayTm and Phone Pe. Because of these apps, you do not need to keep much cash. We can say for sure that you too must be using UPI. If yes, then this news is of great use to you.
Will be able to transfer so much money in one day
The National Payment Corporation of India (NPCI) has fixed the limit for transferring money in UPI in a day. According to the new guideline, now you can transfer only up to Rs 1 lakh through UPI in a day. Apart from this, the amount that can be transferred also depends on your bank and the app being used. As per the information, no bank gives permission to make UPI payment of more than Rs 1 lakh within 24 hours. Let us know how much your apps allow you to pay.
GPay
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GPay lets you make payments up to Rs 1 lakh in a day through UPI. GPay does not allow you to do more than 10 transactions in a day. This means that you can either do one transaction of Rs 1 lakh or you can do only 10 transactions with different amounts.
Paytm
After the new rule of NCPI, Paytm allows you to pay up to Rs 1 lakh in a day through UPI. Apart from this, there is no other restriction related to online payment on the users.
PhonePe
PhonePe also lets you transfer up to Rs 1 lakh in a day. There is no other kind of restriction on the users of this app as well.
Amazon Pay
Amazon Pay lets you make payments of up to Rs 1 lakh in a day through UPI. However, this app allows users to do 20 transactions in a day.
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