BANKING AFFAIRS

Detailed explanation-1: -Transaction Limits: Maximum of Rs. 10, 000 per transaction and Rs. 20, 000 within 24 hours. The limit for USSD has currently been set at ₹5, 000 per day.

Detailed explanation-2: -The maximum payment a person can make through UPI is Rs 1 lakh per day as per the guidelines issued by the NPCI.

Detailed explanation-3: -There is a strict limit of ₹5000 if you change your mobile handset, mobile number or UPI PIN. This strict limit is applicable for initial 24 hours. You are using the Jan Dhan Account or Small Saving Account. These accounts have their own limit of withdrawal.

Detailed explanation-4: -Please note: New UPI users of each UPI enabled App or users who have changed their device / sim card / mobile number can transact only upto Rs 5, 000/-for the first 24 hours on Android phone & 72 hours for iPhone users.

Detailed explanation-5: -You may reach a daily limit if: 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.