Making UPI payments? Know your bank's limit; SBI, HDFC to ICICI, Google Pay releases full list | How-to

Making UPI payments? Know your bank's limit; SBI, HDFC to ICICI, Google Pay releases full list

Google Pay (GPay) has released bank wise limits for sending money to someone. Check the list here.

By: HT TECH
| Updated on: Mar 03 2023, 18:33 IST
Google Wallet App is here to replace Google Pay! Know its features
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1/6 Google Wallet App will let consumers store a wide range of products such as their credit cards, event tickets, and car keys in the new app, unlike the Google Pay app. (Pixabay)
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2/6 Users in the U.S. and Singapore will still have access to Google Wallet as well as the Google Pay app, while in 39 other markets the Wallet app will replace Pay, Google announced at its annual Google I/O developer conference. (Bloomberg)
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3/6 Google introduced its payment app in 2015 and later in 2020, revamped it as a hub for consumers to track expenses and hunt for discounts. But due to the tough competition from Apple as well as Android devices, such as Samsung, Google has made the changes. (HT Tech)
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4/6 “As things have digitized so quickly, it became very clear that you’re moving beyond just the payments context, and so we need to give users a dedicated home for that,” Bill Ready, Google’s president of commerce, said in an interview. (Reuters)
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5/6 Due to the popularity of Google Pay in India, users will be able to use only the Pay app they’re familiar with, the company said in a statement. That means Google Wallet will not be accessible to Indian consumers. (Bloomberg)
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6/6 Due to the popularity of Google Pay in India, users will be able to use only the Pay app they’re familiar with, the company said in a statement. That means Google Wallet will not be accessible to Indian consumers. (AP)
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Know the maximum amount you can pay to someone via Google Pay. (Bloomberg)

Making online payments is not only easier but also lets people travel without keeping a lot of cash in their pocket. But there is a limit to the maximum amount of money you can send to someone. Google Pay (GPay) has informed about UPI issuing bank wise limits. From State Bank of India (SBI) to private banks like HDFC, ICICI, and more- there is a transaction limit for all.

What is UPI?

According to the National Payments Corporation of India (NPCI), Unified Payments Interface (UPI) is a system that powers multiple bank accounts into a single mobile application (of any participating bank), merging several banking features, seamless fund routing and merchant payments into one hood. It also caters to the “Peer to Peer” collect request which can be scheduled and paid as per requirement and convenience.

According to NPCI, the maximum amount a person can pay on a single day via UPI is Rs. one lakh. However, it needs to be noted that the limit varies from bank to bank. Are you aware of the limit? Check details here.

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GPay: UPI Payment limit of banks

1. State Bank of India (SBI): The UPI transaction limit of the bank is of Rs. 1 lakh. The UPI daily limit is also of Rs. 1 lakh.

2. HDFC Bank: The UPI transaction limit of the bank is of Rs. 1 lakh (Rs. 5000 for new customer), while the UPI daily limit is of Rs. 1 lakh.

3. ICICI Bank: Both the UPI transaction limit and daily limit of the bank is of Rs. 10000 (25000 for GPay users).

4. Axis Bank: The UPI transaction limit and daily limit of the bank is of Rs. 1 lakh.

5. Bank of Baroda: The UPI transaction limit of the bank is Rs. 25000. However, the daily limit of the bank is not yet set.

The complete list can be checked here.

When you request money from someone

Step 1:

You can request up to Rs. 2000 at a time from someone on Google Pay. Here is how.

Step 2:

Open Google Pay app.

Step 3:

From the bottom of the screen, swipe up.

Step 4:

Tap the photo of the contact from which you want to request money.

Step 5:

You can also search for their name, phone number, account number or UPI ID.

Step 6:

At the bottom, tap Request.

Step 7:

Enter the amount and description.

Step 8:

Tap Request.

Step 9:

When the other person pays or declines your request, you'll get a notification from Google Pay.

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First Published Date: 03 Mar, 18:33 IST
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