BHIM app provides the easiest way of money transfer. But the fund transfer through this app is subject to the limits. You can’t pay as much money as you want. In Fact, BHIM has set a lower limit in comparison to other UPI Apps.The BHIM app has 3 types of transaction limits.
Topics
1. Per Transaction Limit
There is a upper limit of fund transfer through the BHIM app. You should take in mind this limit. Otherwise your transaction would fail.
Through the BHIM, you can,t pay more than ₹40 thousand in a transaction. Such transaction would not go through however, there would not be any deduction from your account either.
If You want to pay a higher amount, you can use other UPI apps, Most of the other UPI apps have a higher per transaction limit. Some of the apps permit upto ₹1 lakh per transaction.
2. Daily Transaction Limit
Besides the per transaction limit UPI apps have a daily fund transfer limit. In a day, you can’t transfer money more than the limit.
The daily limit for BHIM app transaction is ₹40,000. If you want to transfer more than ₹40 thousand, wait for the date change.
This limit is applicable to your bank account. So, if you have linked more than one account with your BHIM app, you can use another account for sending the excess amount.
You can also use other UPI Apps for fund transfer. All other UPI apps permit upto ₹1 lakh in a day.
3. Number of Transactions in Day
There is also a limit to the number of transactions through the BHIM app. The UPI prohibits more than 10 transactions by an account in 24 hours. Therefore, you can’t pay more than 10 times using the BHIM.
This limit of 10 transactions is applicable across the UPI apps. So, the total UPI transaction from a bank account should not cross 10, irrespective of the UPI app. This limit is enforced by the NPCI which manages the UPI Fund Transfer System.
Security is the Reason For Limit
Why is there a limit on a transaction? Why can’t NPCI make it unlimited just like the internet banking transaction?
The reason for this limit is the security. BHIM or any other UPI apps are very easy to use. You would also agree that banking through these apps is simpler than the net banking. There is less security check and hurdles. That is why you love UPI apps.
But, you would notice that it is not as much secure as internet banking account. In an internet banking, you have to give alphanumeric login and transaction password. These passwords are difficult to steal while PIN can be stolen easily. Besides this, banks further authenticate by asking questions or grid numbers.
On the other hand, one can fraudulently steal money by using your mobile number. The fraudster only needs to know your login PIN, UPI PIN and handset. In such case, the transaction limit would restrict your loss. No one would be able to steal a big amount from your account. Meanwhile, you can block your mobile number and online transaction.
Fund Transfer Limit of Other Means
Other UPI Apps
However, other UPI apps have a higher limit of a transaction. Tez, Paytm, Phonepe, SBI Pay permits the transaction of up to ₹1 lakh per day. It is applicable to single transaction as well. In fact, the NPCI has set the maximum limit for UPI transaction. This limit is ₹1 lakh. Most of the apps have permitted the transaction up to this limit. But, BHIM has a shorter bar.
IMPS
The maximum limit for IMPS is much higher, you can transfer up to ₹2 lakh through the IMPS.
NEFT
There is no maximum or minimum limits for NEFT fund transfer. But you have to wait for the actual transfer.
RTGS
The RTGS has a lower limit. You can use it only for the 2 lakh or above. There is no upper limit. It transfers money instantly during the bank working hours.
From last week I’m unable to do transaction more than 10 rs. Every time it’s showing your daily transaction limits exeeded.
It is a good App. No hassles whatsoever and funds move quickly and safely.
Risk threshold excised show ho rha hai transaction nhi ho rha eska kya mtlb hai
Please give me ur customer care number of bhim app..
https://upipayments.co.in/hindi-bhim-app-customer-care-number/
My transaction failed but debited in my bank account ₹5600 mobil no 9688755246
You should get back the money.
Last 3 days i am unable to do more than 10 transactions my mobile number 9655398870
From 21st October the daily limit is reduced to 10 transactions.
Unlimited limit kese kre upi transaction ki ek dine me one bank see 20 transaction hote he is ko unlimited kese kre Bim upi see transaction krne ki koe solution ho to btaao na
अब तो इसे घटाकर 10 कर दिया गया है। दुकानदार को पैसे देना हो तो अनलिमिटेड ट्रांजैक्शन कर सकते हैं
Iob bank se link phonepe se kitne time free transaction kr skta hu
Customer care services are not good as they are not attending the calls. Today I got my money deducted from my account by using BHIM but it was not received in other account and continuously tried customer care but no-one received. Plz tell who is answerable
Howmuch amount transfer by sbi bhim app to one account to other account
Sir mere phone pay application me jab me transaction karta hu to transaction proccess me exceeded The permissible number show kar raha he esa kyo ho raha he .
Agar bhim app mein paytm payment bank link karte h to Kitna paisa transfer Kar sakte h
Sirji…..This bhim app Limit par day Tanfasr money please reply me sir
It’s Rs. 20000/- per transaction with maximum Rs. 40000/- in a day and maximum 20 transactions.
Wonderful app design and interface. But transactions fail very often. App lags terribly.
It fetches the bank accounts that is fine BUT it does not ask for bank user id and password before making that bank account functional on the app for the first time looks like a threat to me.
The system verifies real user through the registered mobile number. Further, a transaction can take place only after using UPI PIN. The PIN is set by using ATM details.
My amount rs5000do’ntransact plz trans. My money
16 जुन ला भीम अँप ने बक्षिस 400 पाठवले परंतु जमा झाले नाहीत
Thanks to UPI payment system.. Simple and not costly… Using paytm and phonepe. I think paytm is better.
My transactions limit not updated from last 3 days, my bhim upi mobile number is [email protected]
I could not understand these lines “the UPI prohibits more than 20 transactions by a user. Therefore, you can pay more than 20 times using Tez. This limit of 20 transactions is applicable across the UPI apps. So, the total UPI transaction should not cross 20, irrespective of the UPI app.”
Because Tej is also a UPI-based app but you say it allows more than 20 transactions per day.
Nice app no Extra process very simple… thanks to all UPI team.
phone pay is nice app . no doubt.. it works well. up to now no problem. speed is well. but how i reserve rail tickets through it.. i have seen red bus . not seen train tickets booking . plz respond me