How to Increase PhonePe Limit - In Just 2 minutes

How to Increase PhonePe Limit?

Searching for How to Increase PhonePe Limit of UPI? 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. 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 the 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. 

What Are Wallet Transaction Limits?

Users can store their money in the company's own payment option, PhonePe wallet. This can only be moved to another wallet and not to any bank account. In order to minimise risk, PhonePe has set monthly and annual limits on its wallet.

Withdrawal Limits

Here, you will get to know about all the PhonePe wallet withdrawal limits.

Full KYC

• Per Transaction: Rs. 5000

• Per Day: Rs. 25,000

• Per Month: Rs. 25,000

• Per Financial Year: Rs. 3,00,000

Min KYC

• Per Transaction: N/A

• Per Day: N/A

• Per Month: N/A

• Per Financial Year: N/A

Top-Up Limits

Learn about different top-up limits by scrolling through the article below. 

Full KYC

• Per Transaction: Rs. 1,00,000

• Per Day: Rs. 1,00,000

• Per Month: Rs. 1,00,000

• Per Financial Year: Rs. 2,00,000

Min KYC

• Per Transaction: Rs. 10,000

• Per Day: Rs. 10,000

• Per Month: Rs. 10,000

• Per Financial Year: Rs. 1,20,000

Purchase Limit

Below, I will tell you about the purchase limit on the PhonePe wallet. So, to know more, keep reading this article until the end. 

Full KYC

• Per Transaction: Rs. 1,00,000

• Per Day: Rs. 1,00,000

• Per Month: Rs. 1,00,000

• Per Financial Year: Rs. 2,00,000

Min KYC

• Per Transaction: Rs. 10,000

• Per Day: Rs. 10,000

• Per Month: Rs. 10,000

• Per Financial Year: Rs. 1,20,000

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 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. Why is my PhonePe limit 5000?

A. If you are attempting to make this payment with a bank account that you recently added on PhonePe. Be aware that due to account security, your bank will only permit you to send up to ₹5,000 from this account over the next 24 hours.

Q. What is the PhonePe UPI limit per day?

A. According to the NPCI, the daily PhonePe UPI transaction limit is Rs. 1 lakh.

Q. Can I withdraw money from my PhonePe wallet?

A. By choosing the PhonePe wallet option and then clicking on the withdrawal option, you can move money from a PhonePe wallet to your bank account.