With the growing popularity of cashless transactions using UPI, people can now freely spend their money. UPI transactions reduce the burden of carrying cash, a card, or frantically searching for an ATM. However, mobile users growing reliance on this mode is harmful to their finances.
State Bank of India has set a UPI transaction limit for its customers to address this issue. This blog will provide comprehensive knowledge on the SBI UPI limit per transaction and how to increase it.
What is the SBI UPI Limit?
State Bank of India has set a daily UPI transaction limit for its customers. This restricts unlimited transactions from the customers' end using UPI applications.
This SBI UPI limit assists you to manage your finances more judiciously and avoid reckless expenses daily. State Bank of India applied this new rule for UPI transactions since mid-2023. The bank also restricts its customers from making more than 10 transactions per day. SBI account holders must abide by this transaction limit to make payments across all UPI apps.
What is the SBI UPI Transaction Limit?
TheSBI UPI per transaction limit for its customers isRs.1,00,000. Regardless of the UPI payment application you are using, as an SBI customer, you cannot spend beyond this limit. It is important to note thatthese limits are subject to changeby the bank. Therefore, customers need to stay updated with the rules and regulations SBI set to stay on the same page regarding the SBI UPI limit.
What is the SBI UPI Transaction Limit per Month?
As per SBI’s recent update, there isno specificSBI UPI transaction limit per month. However, these are subject to changes; therefore, you must keep an eye out for updated information regarding them in future.
What is SBI UPI Transaction Limit and Charges?
There are no additional charges applicable to the SBI UPI transaction limit.
What is the SBI UPI Transaction Limit Per Year?
State Bank of India has not mentioned any yearly transaction limit for UPI payments for its customers.
How to Increase UPI Limit in SBI?
Themaximum SBI UPI transaction limit is Rs.1,00,000. You can personalise this limit to suit your financial planning through the SBI Yono application. However, youcannot increase this limit beyond Rs.1,00,000, which the bank authorities have set for UPI transactions.
How to Change UPI Transaction Limit in SBI?
You can follow the steps below to learn how to change the SBI UPI limit:
- Step 1:Open the online banking application of State Bank of India and log in with your credentials.
- Step 2:Locate the option ‘UPI Transfer’ from the top menu and tap on it.
- Step 3:A new page will open here. Select the option ‘Set UPI Transaction Limit’.
- Step 4:Enter your Internet banking password to go ahead with the next step.
- Step 5:The new page will display your existing UPI transaction limit and spaces for you to set and confirm the new limit.
- Step 6:If the existing UPI limit is set to Rs.1,00,000, you cannot increase it as it is the maximum limit. However, you can lower this limit to manage your finances at your convenience.
- Step 7:In the ‘Enter new UPI transaction limit’ box, enter an amount up to Rs.1,00,000.
- Step 8:Re-enter the same amount in the box below for confirmation and click ‘Submit’.
- Step 9:After verifying your new SBI UPI limit on the new page, click ‘Confirm’ to proceed.
- Step 10: Finally, you will receive an OTP on your registered mobile number. Enter the same in the given space to set a new UPI transaction limit successfully.
In order to help its customers maintain good financial health, the State Bank of India has set a UPI transaction limit. This should help you plan your daily finances and closely monitor your UPI transactions. However, theSBI UPI Limit is subject to periodic changes. Therefore, you must stay up-to-date with the limits at all times for convenience.
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Frequently Asked Questions
Are there any charges for using SBI UPI?
No, there are no additional charges for using SBI UPI transactions.
What is the SBI UPI transaction limit exceeded error?
If you receive the message SBI UPI Transaction Limit Exceeded Error, it means you have reached your daily UPI transaction limit and can no longer access it for the day.
What is the SBI UPI transaction limit per day through Google Pay?
The SBI UPI limit for Google Pay per day is Rs.1,00,000.
What is the SBI UPI transaction limit per day through PhonePe?
The SBI UPI transaction limit for PhonePe per day is Rs.1,00,000.
What is the SBI UPI transaction limit per day for Paytm?
The daily SBI UPI limit for Paytm is Rs.1,00,000.
What is the SBI zero balance account UPI transaction limit?
The UPI transaction limit for the SBI Zero Balance account is similar to other savings accounts, which is Rs.1,00,000.
What is the maximum number of transactions I can make using SBI UPI per day?
You can make 10 transactions daily using SBI UPI. This information is subject to change; therefore, consider keeping an eye out for the updated limit regarding SBI UPI transactions.
Is there a limit on the amount of money I can transfer in a single transaction using SBI UPI?
No, there is no specific limit for a single transaction using SBI UPI.
What is the difference between the daily transaction limit and the maximum transaction limit for SBI UPI?
The daily transaction limit for SBI UPI refers to the maximum amount you can spend for the day, after which you cannot conduct any UPI transaction for that day. However, the maximum limit can refer to any amount after which you cannot conduct any UPI transaction, whether monthly or annually.
Why is there a limit on the amount of money I can transfer using SBI UPI?
State Bank of India has set a limit on UPI transactions to prevent its customers from getting into reckless spending habits. With this, the bank helps customers spend wisely with UPI apps and maintain good financial health.
What should I do if I exceed my daily transaction limit for SBI UPI?
In case you exceed your daily transaction limit, you will not be able to transfer money using any UPI application. In such instances, consider opting for other payment modes like net banking, card or cash payment.
What should I do if I have any questions or problems with SBI UPI?
For any queries or issues regarding SBI UPI limit, you can visit the websitehttps://crcf.sbi.co.in/ccf/. You can also contact the UPI department of SBI by sending an email [email protected]. You can also call the customer care number 1800 112 211 or at 080 2659990.
Why my SBI UPI limit is Rs.5,000?
National Payment Corporation of India sets the UPI transaction limit to Rs.5,000 for all UPI users. You can use the SBI online banking app to set a new UPI transaction limit of up to Rs.1,00,000.
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