PhonePe, not Google Pay, your bank stops big UPI payments! Know the right way to increase the limit

Do your UPI payments fail again and again, especially when you are sending a large amount? Most of us blame it on apps like Google Pay, PhonePe, or Paytm, but the truth is different. Actually, the limit for sending money is not decided by the app but by your bank. These apps simply follow the rules of your bank.

Many people are not aware of this limit of their bank, due to which their transaction fails at the last moment. Let us know how you can know your limit and how to increase it.

How to know and increase your UPI limit?

Every bank decides the UPI limit of its customer after looking at his customer’s risk profile, past transaction records and account activity. The easiest way to know your limit is to login to your bank’s official mobile app and look in the UPI or fund transfer section there.

Sometimes, due to security reasons, like changing phone or SIM, resetting the UPI PIN or not doing any transaction for a long time, the bank automatically reduces your limit.

What is the process of increasing the limit?

If you want to increase your limit, first find the option to increase the limit on your bank’s app or website. In the apps of many big banks ‘Manage UPI limits’ As is the option. By submitting a request from here, if the bank finds your profile correct, then your increased limit is immediately visible in apps like PhonePe and Google Pay. However, if the bank’s risk policy is very strict, the limit will not increase immediately.

Safety reasons and some limitations

• To protect against online fraud, banks sometimes put a temporary ban on very large payments for some time.
• Even if you have logged in from a new device or are sending money to a new person for the first time, it may take some time for the limit to increase.
• During festivals or sale times, when online transactions are high, the bank may also temporarily reduce the limit to avoid fraud.

What to do if the limit is not increased?

If you are not able to increase the limit through any payment app (like Google Pay or PhonePe), then try directly through your bank’s app, chances of success are higher there. If you have to send a huge amount (like more than Rs 1 lakh), it is easier and better to use IMPS or RTGS through your bank’s net banking instead of UPI.

Therefore, next time before making a big payment, it is important to understand your UPI limit so that your work can be done without any hassle.