Google Pay, Phone Pay users: here is important information

Now everyone has smartphones in their hands. In the same way, there is a bank account. Nowadays people mostly do their banking transactions online. But most people do not know how much money they can transfer in a day. Here is the complete information about it. Google Pay, Phone Pay users: here is important information.

Recently, as smartphones are in everyone’s hand, the number of people doing bank transactions through online has also increased. Especially UPI based applications like Google Pay, Amazon Pay, Paytm and Phone Pay are widely used. However, you can only transfer a certain amount per day through these apps. NPCI has imposed a limit on the payment due to this.

The company has now fixed the limits for NPCI UPI payments. You can spend Rs.1,00,000 per day through UPI apps. Payment can be made up to 1 lakh only. More information about this is in the following article. Many users use Google Pay for online payments. Through this app you can make payments to others up to 1 lakh rupees per day. And you can pay as many times as you want.

According to NPCI, one can send Rs 1 lakh to others on Paytm as well. But in this only 20,000 rupees per hour can be sent. In this way minimum 5 transactions and maximum 20 transactions per hour can be done.

Smartphone users can also pay Financial transactions up to Rs. 1 lakh can be done. And the company takes care of your transaction on the money in your bank account. A user can transfer only 1 lakh only through Amazon Pay. However, the amount you can transfer depends on the bank you have. Thus, each bank has a different payment method.

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Recently bank transactions are done online rather than offline. Because there is no time wasted in this. No need to go to the bank and wait. All those who have bank account now use UPI methods. Especially now you can apply for a loan online and get money online. But there are some rules for this.