What are the benefits of UPI! How much and how to make the payment at once, know the limit of each bank

New Delhi. In the digital age, people find it easier to transact online by not using cash. The National Payments Corporation of India has considered UPI (Unified Payments Interface) to be a good option to promote digital transactions between people and make the transfer of funds faster. Through it, anyone can immediately send or receive money from their bank account to another bank account. In this, user can make money transactions only through UPI ID and PIN without giving account information. Today we are going to tell you all the information related to it.

Know the benefits of UPI
With the help of UPI, you can transfer money to anyone’s account from anywhere. With UPI, you can use UPI with the help of many apps like BHIM, Phone Pay, Google Pay, Mobikwik, Paytm. Currently, the maximum limit for transferring funds through UPI is Rs 1 lakh. Although each bank is different.

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Activate UPI account like this
You can download any app to create a UPI account. After this, you need to register by entering your mobile number. After that, you need to add your account. After adding the account, here you need to find the name of your bank. After clicking on the bank name, you need to add your account. If your mobile phone number is linked to your account, it will be revealed. After selecting the account, the details of the ATM card must be provided to make the payment. After that, your UPI account is created.

Know what is the limit of which bank
Two types of limits have been established through UPI, in which the maximum amount you can send in a bar is decided on the first limit. On the other hand, the limit of the total amount that can be traded in one day is set from the second limit. Learn about the list of banks and financial institutions through which you can send up to Rs 1 lakh to another bank account at a time.

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Banks with transaction limits up to Rs 1 lakh

Allahabad Bank (day limit Rs 1 lakh)
Andhra Pradesh Gramin Vikash Bank (Day limit Rs 1 lakh)
Bank of Baroda (day limit Rs 1 lakh)
Corporation Bank (day limit Rs 1 lakh)
Gujarat State Cooperative Bank (Rs.1 Lakh day limit)
Ujjivan Small Finance Bank (Day limit Rs 1 lakh)
Chhattisgarh Rajya Gramin Bank (Day Limit Rs 1 Lakh)
Madhya Bihar Gramin Bank (day limit Rs 1 lakh)
Maharashtra Gramin Bank (day limit Rs 1 lakh)
Purvanchal Bank (day limit Rs 1 lakh)
Telangana Gramin Bank (day limit Rs 1 lakh)

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Banks with transaction limit up to Rs 50,000
Adarsh ​​​​Co-Operative Bank (Day Limit Rs.50,000)
Himachal Pradesh Gramin Bank (day limit 50 lakhs)
Central Bank of India (day limit 50 lakhs)
IDBI Bank (day limit 50 lakhs)
India Post Payment Bank (day limit 50 lakhs)
National Bank of Punjab (day limit 50 lakhs)
United Bank of India (day limit 60 lakhs)
Vijaya Bank (day limit 50 lakhs)

Banks with transaction limit up to Rs 25,000
Bhilwara Urban Co-Operative Bank (Day limit Rs.25 thousand)
Karnataka Vikas Grameena Bank (Day limit Rs.25 thousand)
Kaveri Gramin Bank (Day limit Rs.25 thousand) indefinite

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Tags: digital banks, digital payment, Money Management Tips