Phonepe offers ease of financial transaction where one can receive, send and pay utility bills using the Phonepe app. The Phonepe users have a daily limit set by app developers per the RBI and government orders. The Indian Government offered an order allowing Phonepe transactions of up to
Rs. 3 lakhs (3,00,000 INR) per day. The limitations may affect positively or negatively according to the user’s needs. RBI has increased Phonepe UPI limits from Rs.10,000/- to Rs.20,000/- per day. The changes took effect early this year (2021).
Phonepe Transaction Limit Per Day
The Phonepe app is easily compatible with the user’s bank account. One can make payments using credit cards easily. However, the app has some restrictions where one can only transact Rs.1 lakh (₹ 1,00,000) per day and Rs 20,000 UPI transactions as directed by the RBI.
Phonepe Wallet to Bank Transfer
Phonepe has direct access to the bank account; the user needs to add the bank account as the beneficiary. The apps allow for Rs. 1,00,000 per month, limiting users from using more than One lakh Rupees from Phonepe account to Bank account.
Phonepe Daily Limit for your wallet
Financial wallets are designed to offer money transaction ease. However, each wallet has a limit set by the app developers for security purposes. Phonepe provides users a limit of Rs. 1,00,000 (Rs. 1 lakh) as a risk policy. To top up the wallet, one can directly recharge using a debit card, credit card, and BHIM UPI. Phonepe has extended its limits not just on daily limits but monthly (Rs. 10,000) and yearly limits (Rs.1,20,000). Cash withdrawal or purchasing from merchants also limits users based on the amount set by Phonepe. One can only debit Rs. 10,000/- per month.
Note the limits are adjusted to a considerable amount which is beneficial to the user. It helps one budget for essential things and not overuse the money. Banks, financial institutions, and apps have a set limit and follow the RBI and government guidelines.
For more information visit https://www.phonepe.com/en/terms.html
Phonepe Transaction Limit Per Day For 105 Banks
| Name of Bank | Per Transaction Limit of Google Pay (INR) | Phonepe Per day transaction limit (INR) | Phone Pe Transaction Limit Per Week (INR) | Phone Pe Transaction Limit Per Month (INR) |
| Name of Bank: A P Mahesh | 25,000 | 100,000 | NA | NA |
| Name of Bank: Aditya Birla Bank | 100000 | 100000 | NA | NA |
| Name of Bank: Airtel Payments | 1,00,000 | 1,00,000 | NA | NA |
| Name of Bank: Allahabad Bank | 25,000 | 1,00,000 | NA | NA |
| Name of Bank: Allahabad UP Gramin | 25,000 | 100,000 | NA | NA |
| Name of Bank: Andhra Bank | 1,00,000 | 1,00,000 | NA | NA |
| Name of Bank: Andhra Pradesh Grameen Vikas | 25000 | 25000 | NA | NA |
| Name of Bank: Andhra Pragathi | 25000 | 25000 | NA | NA |
| Name of Bank:Apna Sahakari | 100000 | 100000 | No limit | No limit |
| Name of Bank: Assam Grameen | 5000 | 25000 | 50000 | 100,000 |
| Name of Bank: Axis | 1,00,000 | 1,00,000 | NA | NA |
| Name of Bank: Bandhan | 100000 | 100000 | NA | NA |
| Name of Bank: Bank of Baroda | 25,000 | 50,000 | NA | NA |
| Name of Bank: Bank of Maharashtra | 10000 | 20000 | NA | NA |
| Name of Bank: Baroda Gujarat Gramin | 25,000 | NA | NA | NA |
| Name of Bank: Baroda Uttar Pradesh Gramin | 25,000 | 100,000 | NA | NA |
| Name of Bank: Bassein | 20000 | 40000 | NA | NA |
| Name of Bank: Bihar Gramin | 100,000 | 200,000 | NA | 2,000,000 |
| Name of Bank: BOI | 10,000 | 100,000 | NA | NA |
| Name of Bank: Canara Bank | 100,000 | 100,000 | NA | NA |
| Name of Bank: Catholic Syrian Bank | 1,00,000 | 1,00,000 | NA | NA |
| Name of Bank: Central Bank of India | 25000 | 50000 | NA | NA |
| Name of Bank: Chaitanya Godavari Gramin Bank | 25,000 | 100,000 | NA | NA |
| Name of Bank: Chhattisgarh Rajya Gramin Bank | 25000 | 25000 | NA | NA |
| Name of Bank: Citibank | 1,00,000 | 1,00,000 | NA | NA |
| Name of Bank: Corporation Bank | 50000 | 1,00,000 | NA | 20,00,000 |
| Name of Bank: Cosmos | 10000 | 50000 | NA | NA |
| Name of Bank: City Union Bank | 1,00,000 | 1,00,000 | NA | NA |
| Name of Bank: DBS Bank | 1,00,000 | 1,00,000 | NA | NA |
| Name of Bank: DCB BANK | 25000 | 25,000 | NA | NA |
| Name of Bank: Dena BanK | 100,000 | 100,000 | NA | NA |
| Name of Bank: Deutsche Bank AG | 100,000 | NA | NA | NA |
| Name of Bank: Dhanlaxmi Bank | 50,000 | 1,00,000 | NA | 1,500,000 |
| Name of Bank: Dombivli Nagri Sahakari Bank | 100,000 | 100,000 | NA | NA |
| Name of Bank: Equitas Small Finance Bank Payments Bank | 1,00,000 | 1,00,000 | NA | NA |
| Name of Bank: Fino | 100000 | NA | NA | NA |
| Name of Bank: Federal bank | 1,00,000 | 1,00,000 | NA | NA |
| Name of Bank: G P Parsik Bank | 50000 | 100000 | 700000 | 3000000 |
| Name of Bank: Gujarat State Bank | 25000 | 50000 | NA | NA |
| Name of Bank: Hasti | 100000 | 100000 | NA | NA |
| Name of Bank: HDFC Bank | 1,00,000 | 1,00,000 | NA | NA |
| Name of Bank: HSBC Bank | 100000 | 100000 | NA | NA |
| Name of Bank: Indian Bank | 1,00,000 | 1,00,000 | NA | NA |
| Name of Bank: ICICI Bank | 10,000 | 10,000 | NA | NA |
| Name of Bank: IDBI | 25,000 | 50,000 | NA | NA |
| Name of Bank: IDFC | 1,00,000 | 100,000 | 700,000 | 3,000,000 |
| Name of Bank: Indiusind Bank | 100000 | 100000 | NA | NA |
| Name of Bank: IndusInd Bank | 100000 | 100000 | NA | NA |
| Name of Bank: IOB | 50,000 | 100,000 | NA | NA |
| Name of Bank: Janta Sahakari Bank | 100000 | NA | NA | NA |
| Name of Bank: Kallapanna | 25000 | 100000 | NA | NA |
| Name of Bank: Karnataka Bank | 1,00,000 | 100,000 | NA | 20,00,000 |
| Name of Bank: Karnataka Vikas | 25000 | 25000 | NA | NA |
| Name of Bank: Karur Vysya Bank | 1,00,000 | 1,00,000 | NA | NA |
| Name of Bank: Kaveri | 25000 | 25000 | NA | NA |
| Name of Bank: Kerala Grameen Bank | **10-50000 | 50000 | NA | NA |
| Name of Bank: Kotak bank | 25,000 | 50,000 | NA | NA |
| Name of Bank: LVB | 100,000 | 100,000 | 700,000 | 3,100,000 |
| Name of Bank: Langpi Dehangi | 25000 | 25000 | NA | NA |
| Name of Bank: Mahanagar Bank | 25,000 | 100,000 | NA | NA |
| Name of Bank: Maharashtra Grameen Bank | 25000 | 25000 | NA | NA |
| Name of Bank: Malwa Gramin Bank | 25000 | 25000 | NA | NA |
| Name of Bank: Meghalaya Rural Bank | 25000 | 25000 | NA | NA |
| Name of Bank: Mehasana Urban co-operative Bank | 1,00,000 | 1,00,000 | NA | NA |
| Name of Bank: Mizoram | 25000 | 25000 | NA | NA |
| Name of Bank: NKGSB Co-Op Bank Ltd | 20,000 | 40,000 | NA | NA |
| Name of Bank: OBC | 1,00,000 | 1,00,000 | NA | NA |
| Name of Bank: PNB | 100,000 | 100,000 | 4,00,000 | 1,000,000 |
| Name of Bank: Punjab and Maharashtra Co- Op Bank Ltd | 1,00,000 | 1,00,000 | NA | NA |
| Name of Bank: Paytm Payments Bank | 100000 | NA | NA | NA |
| Name of Bank: Pragathi Krishna Grameen Bank | *10-20000 | 20000 | NA | NA |
| Name of Bank: Prathma Bank | 25000 | 25000 | NA | NA |
| Name of Bank: PSB | 25,000 | 25,000 | NA | NA |
| Name of Bank: Purvanchal Bank | 25000 | 25000 | NA | NA |
| Name of Bank: Rajasthan Marudhar | 25000 | 25000 | NA | NA |
| Name of Bank: Rajkot nagrik Bank | 100000 | 100000 | No limit | No limit |
| Name of Bank: RBL | 50000 | 100000 | NA | NA |
| Name of Bank: Samruddhi Co Op Bank | 50,000 | 50000 | 350000 | 150000 |
| Name of Bank: Saraswat Co-op Bank | 1,00,000 | 50,000 | NA | NA |
| Name of Bank: Saurashtra Gramin Bank | 25000 | 25000 | NA | NA |
| Name of Bank: SBI / State Bank of India | 100,000 | 100,000 | NA | NA |
| Name of Bank: South Indian Bank | 1,00,000 | 1,00,000 | NA | NA |
| Name of Bank: Standard Charter Bank | 100000 | NA | NA | NA |
| Name of Bank: Standard Chartered Bank | 100000 | 100000 | NA | NA |
| Name of Bank: SUCO SOUHARDA SAHAKARI BANK | 10000 | 8,00,000 | NA | NA |
| Name of Bank: Surat People Cooperative Bank | 100,000 | 100,000 | NA | NA |
| Name of Bank: SVC Bank | 10,000 | 20,000 | 140,000 | 600,000 |
| Name of Bank: Syndicate bank | 50,000 | 50,000 | NA | NA |
| Name of Bank: TELANGANA GRAMEENA BANK | 25000 | 25000 | NA | NA |
| Name of Bank: Thane Bharat Sahakari Bank | 50000 | 100000 | No limit | No limit |
| Name of Bank: Thane Janta sahakari Bank | 100000 | 100000 | No limit | No limit |
| Name of Bank: The Jammu and Kashmir Bank Ltd | 25,000 | 25,000 | NA | 250,000 |
| Name of Bank: The Kalyan janta sahakari Bank | 100000 | 100000 | No limit | No limit |
| Name of Bank: The Sutex Co – Op Bank | 200000 | 200000 | NA | NA |
| Name of Bank: TMBL | 20,000 | 100000 | NA | NA |
| Name of Bank: UCO | 1,00,000 | 1,00,000 | NA | NA |
| Name of Bank: Ujjivan Small Finance Bank | 50,000 | 100,000 | NA | NA |
| Name of Bank: Union Bank of India | 1,00,000 | 100,000 | 5,00,000 | 20,00,000 |
| Name of Bank: United Bank of India | 100,000 | 25,000 | NA | NA |
| Name of Bank: Uttarakhand Gramin Bank | 25000 | 25000 | NA | NA |
| Name of Bank: Vananchal | 25000 | 25000 | NA | NA |
| Name of Bank: Varanchha Bank | 20,000 | 40,000 | NA | NA |
| Name of Bank: Vijaya bank | 50,000 | 50,000 | NA | NA |
| Name of Bank: Vishveshwar Co opp Bank | 1,00,000 | 1,00,000 | NA | NA |
| Name of Bank: Yes bank | 1,00,000 | 1,00,000 | NA | NA |
Disclaimer
Now that you know the Phone Pe transaction limit per day, here’s a disclaimer.
The UPI transaction limit per day for Phonepe can differ according to banks.
NPCI has not issued any regulations for the UPI transaction limit per day. So, banks have varying limits. For instance, the Phonepe transaction limit per day for SBI is Rs 1,00,000. However, it is 50,000 for the Bank of Baroda.
Moreover, some banks have defined the Phonepe transaction limit by week, not per day. For instance, the Phonepe UPI transaction limit per week for IDFC bank is Rs. 30,00,000.
P.S. Most banks have not defined a Phonepe UPI transaction limit per month. Limits are defined by day or by week.
