UPI Transaction Limit per Day for SBI: How to Avoid Exceeding It

Introduction:

The Unified Payments Interface (UPI) is a real-time payment system developed by the National Payments Corporation of India (NPCI). It allows users to make instant payments to anyone with a UPI-enabled bank account.

The UPI transaction limit per day for SBI is Rs. 1 lakh. This means that you can make a maximum of Rs. 1 lakh in UPI transactions in a day.

Here are some of the things you need to know about the UPI transaction limit per day for SBI:

• The limit applies to all UPI transactions, including peer-to-peer (P2P) payments, merchant payments, and bill payments.
• The limit is set by the bank and may vary depending on the type of account you have.
• You can check your UPI transaction limit by logging into your SBI online banking account or by contacting your bank.
• You can contact your bank if you need to increase your UPI transaction limit.

Here are some of the reasons why the UPI transaction limit is set:

• To prevent fraud and money laundering.
• To protect customers from overspending.
• To ensure that the UPI system is stable and can handle many transactions.

Here are some of the things you can do if you exceed your UPI transaction limit:

• Wait for the next day and try again.
• Contact your bank and request an increase in your limit.
• Use a different payment method, such as a debit card or credit card.

Conclusion:

The UPI transaction limit per day for SBI is Rs. 1 lakh. This limit is set to protect customers from fraud and money laundering and to ensure that the UPI system is stable. You can contact your bank if you need to increase your UPI transaction limit.