Know What Is The Daily Limit For Money Transfers Or Transactions On GPay?

Google Pay is one of the widely used online money transfer apps. More than 15 lakhs websites use GPay to accept funds in India. This app enables various modes of online payments. Do you know what is your GPay limit per day? What is the highest amount you can transfer through one transaction?  

The upper cap of the GPay limit per day and the upper limit of each transaction varies from bank to bank. We will have a detailed discussion of the same in the course of this article. Please read through the article for a better insight into the world of GPay transactions. 

Google Pay Transaction Limit

Let us start from the very basics. If you have a GPay account and you have used it then you know how it works. However, if you are a first-time user, please consider the following information. 

To enable GPay transactions, you must download the app and install it. After a successful installation, link your bank account to your GPay account. In order to confirm that the setup is finished after installing the app, you might need to transfer INR 1 to Google Pay. The INR 1 will be returned to your account, nevertheless. 

Once the set-up is complete you can start using the app to send and receive money. The upper limits and related rules are furnished below.

  • INR 1,000,000, is the daily transaction cap for Google Pay as of now. However, once 24 hours have passed since your last transaction, you are permitted to transfer funds again (in case you have touched the upper limit of INR 100,000 collectively).
  • Google Pay enables you to request a limit of INR 2000 through your VPA in UPI every day in order to prevent fraud.
  • Additionally, you can only transfer money using Google Pay or another UPI app a total of 10 times a day. You should be aware that the maximum amount you can transfer using GPay across all UPI apps is INR 1 lakh.

GPay Limit Per Day of Leading Banks in India

As we have already mentioned, the amount you can transfer daily through GPay varies from bank to bank. However, the amount should never cross INR 100,000. Please find below a list of top banks in India and their GPay limit per day.

Name of the Bank GPay Limit Per Day GPay Limit Per Transaction
Allahabad Bank  INR 100,000 INR 25,000
Andhra Bank INR 100,000 INR 100,000
Axis Bank INR 100,000 INR 100,000
Bandhan Bank INR 100,000 INR 100,000
Bank of Baroda INR 50,000 INR 25,000
Bank of Maharashtra INR 100,000 INR 20,000
Bank of India INR 100,000 INR 10,000
Canara Bank INR 100,000 INR 100,000
Central Bank of India INR 50,000 INR 25,000
Dena Bank INR 100,000 INR 100,000
HDFC Bank INR 100,000 INR 100,000
HSBC Bank INR 100,000 INR 100,000
ICICI Bank INR 10,000 INR 10,000
IDBI Bank INR 50,000 INR 25,000
Indusland Bank INR 100,000 INR 100,000
Kotak Bank INR 50,000 INR 25,000
Punjab National Bank INR 100,000 INR 100,000
State Bank of India (SBI) INR 100,000 INR 100,000
Union Bank of India INR 100,000 INR 100,000
Yes Bank INR 100,000 INR 100,000

 

If you wish to look at the full list of banks and their Google Pay limit per day, please click on the link. 

Google Pay Merchant Transaction

Now, the GPay limits per day can be a barrier for corporates and businessmen. As a business owner, you must receive payments frequently throughout the day and sums could be significant in most cases.

Thankfully, transactions between customers and merchants are not subject to the Google Pay transaction limit. The amount of money a customer can provide to a company is up to them. Additionally, there is no cap on the total number of transactions.

Overall, GPay is the most trusted and widely used payment gateway in India. As of February 2021, more than INR 2.3 billion has been transferred online. GPay gives you the advantage to integrate other UPI apps and it also saves your quick payment options. For instance, if you have to visit a grocery store once a week, you can save the merchant code in your payment history. 

Similarly, any payments you make will be saved in your payment history and if you need to pay them again, you don’t need to manually insert their UPI IDs again. Simply tap on the contact and pay. 

Last but not the least, GPay offers you numerous offers including cashback rewards and vouchers. GPay has turned out to be the one-stop solution for all your financial transactions.  

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