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    J&K Bank introduces API-based open banking services for corporate clients

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UPI payment limit: This is the daily amount one can spend using GPay, PhonePe, and Paytm

The daily limit for UPI transfers is set at 20 transactions. After exceeding the limit, one must wait 24 hours before the limit can be renewed. However, the limit may vary depending on bank policies.

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Amazon Pay has also set a Rs 1,000,000 maximum money transfer limit via UPI. Notably, users can only transact up to INR 5,000 in the first 24 hours after registering for Amazon Pay UPI. Depending on the bank, the number of transactions per day is limited to 20.

Google Pay supports daily transfers of money of up to Rs 10,00,000, as well as up to ten transaction limits across all UPI apps and bank accounts. Notably, GPay suspends daily transaction limits if a money request exceeds Rs 2,000.

Paytm UPI allows users to send money up to Rs 1 lakh. The Paytm hourly transfer limit is 20,000. Paytm’s transaction rate per hour is five, and its transaction rate per day is twenty.

PhonePe has set a daily limit of Rs 100,000 for UPI transactions. However, the limit may differ from one bank to the next. In addition, depending on the bank’s guidelines, a person can initiate a maximum of 10 or 20 transactions per day via PhonePe UPI.

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Source: Economic Times
Tags: banksGPaypaytmrbiupi
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