UPI transaction daily limit: How to fix issues if payment is unsuccessful

UPI has made life easy for most of us. The payment mode is easily one of the most used digital methods. The ease of payment could sometime lead to reaching your daily limit. Yes, there can be a daily limit of transactions on UPI.

There are multiple apps, banks, and different permutations and combinations involved when you make a payment on UPI. Non-banking apps like PhonePe and GPay still own the lion’s share in the number of transactions. You might often come across a failed transaction and one reason could be the daily limit.

There are daily and monthly limits to how much money you can send or receive. Limits can differ for the app you are using, UPI or your bank.

Possible reasons behind reaching Daily limits:

-You try to send more than ₹1,00,000 in one day across all UPI apps.
-You try to send money more than 10 times in one day across all UPI apps.
-You request more than ₹2,000 from someone.

How to fix these issues?

-You can either wait until the next day to send more money
-Or else you can request a smaller amount

What to do if you reach your bank limits

If your daily transactions are below the UPI limit and you’re still having trouble, try a different bank account. Your bank might have its own limits on how much you can send or receive. You can also contact your bank directly for more information and clarity regarding the transaction failure.

Other limits

To protect against fraud, some transactions might get flagged for further review. If you’re having trouble making a transaction and you don’t think you reached a limit, contact the support team of the UPI app you are using.

Fun fact: You cannot transact money less than Re 1 via UPI. You will get an error message.

Faqs

As per the circular, if the money debited from customer’s bank account does not reverse back to the bank account within the specified time period, due to a failed transaction, then the bank is liable to pay a penalty of Rs 100 per day to the customer.03-Apr-2021

If they fail to do so within this timeline you need to lodge a complaint with your service provider or system participant. If they fail to resolve this issue within one month you can escalate the issue to the Ombudsman under The Ombudsman Scheme for Digital Transactions, 2019.03-Apr-2021

Below are the most common solution which may help to process UPI transaction. May be the server is busy or down, so wait for some time. Wait for some time because the App may be in maintenance mode. Update the App which is used to make transaction.

A user can do a limited number of UPI payments in 24 hours. Most of the banks put a limit of 10 daily UPI payments. If the user exceeds the daily limit then it is advised to retry after 24 hours or can try making payment using a different bank account.22-Nov-2021

The transaction failed but the amount got deducted from the bank account. Banks usually take up to 3 business days to add money back to your account. Please wait for your bank to complete the reversal. Refer to the bank account statement to verify if your transaction has been reversed.

Conclusion

UPI stands for Unified Payments Interface, a digital payment platform that allows you to make and receive money from different banks on your phone. UPI has made life easy for most of us. The payment mode is easily one of the most used digital methods. The ease of payment could sometime lead to reaching