Cryptocurrency Q&A
Is there a limit to how much money I can transfer online?
Is there a limit to how much money I can transfer online?
BlockchainWizardGuard
Wed Nov 27 2024
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5 answers
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I want to know if there is any restriction on the amount of money I can transfer through online transactions. Is there a specific limit set by banks or financial institutions for online money transfers?
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5 answers
Caterina
Fri Nov 29 2024
According to the guidelines set by the Unified Payments Interface (UPI), there is a cap on the maximum transaction amount.
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StormGalaxy
Fri Nov 29 2024
Specifically, individuals can transfer a maximum of ₹100,000 INR or one lakh per day using UPI.
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Leonardo
Fri Nov 29 2024
It's important to note that this limit may differ depending on the bank you are using.
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CryptoEnthusiast
Thu Nov 28 2024
In addition to the transaction limit, UPI also allows users to make up to 20 transactions per day.
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CryptoTamer
Thu Nov 28 2024
Your phone number serves as a unique identifier in the UPI system, enabling it to track the number of transactions and the total amount transferred.
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