Digital payments have certainly made people’s lives easier, but they’ve also increased daily expenses. With UPI payments, we often lose track of how much money is being spent and where. To reduce this uncontrolled spending and avoid fraud, you can set a daily UPI limit. This feature protects you from both overspending and fraud.
For example, if you set a daily limit of ₹5,000, you won’t be able to make payments exceeding ₹5,000 through UPI payments. This will not only help you keep track of your daily spending but also ensure that even if someone learns your UPI PIN, they can’t misuse a large amount. Setting a daily UPI transaction limit is very easy; we’ll explain the steps below.
Daily UPI Limit
UPI has simplified online payments. You can make payments of thousands of rupees in a matter of seconds. However, this convenience has led to both increased spending and fraud. People often don’t realize how much money they spend in a day. Furthermore, if your phone is hacked, someone learns your PIN, or it’s accidentally tapped, money can be withdrawn from your bank account instantly. Therefore, the daily UPI limit is an essential and useful feature. This feature limits the number of payments or transactions per day to a limit you set.
Currently, most banks and apps allow payments of up to ₹1 lakh per day through UPI. Apps like Google Pay, PhonePe, and Paytm also allow around 20 transactions per day. However, this limit increases for services like insurance payments, education fees, government services, and investments.
How to Set Your UPI Daily Payment Limit
To help protect the security of UPI payments and users, banks now offer several ways to reduce the daily UPI limit.
1. Using a Self-Service Tool
Many major banks allow you to manually manage your UPI daily limit. This option is typically found in UPI Settings, Fund Transfer Limits, or Security Controls. Currently, this feature is available with HDFC Bank (NetBanking), ICICI Bank (iMobile app), and SBI (YONO app).
2. Request Bank Customer Service
If your bank doesn’t offer a self-service tool, you can contact Customer Service and request a daily UPI limit reduction. Most banks process limit reductions quickly, as this enhances user security.
3. Switch to UPI Lite or Wallet
If you mostly use UPI for small payments, UPI Lite is a safe and effective option. It offers built-in limit options. There’s a per-transaction limit of ₹1,000, a daily limit of ₹10,000, and a maximum wallet balance of ₹5,000.
4. Use a Digital Wallet
Using Paytm Wallet, PhonePe Wallet, or a bank e-wallet also has daily transaction and spending limits, and the best part is that the money isn’t deducted directly from the bank.