New Delhi. People consider it easier to do online transactions by not using cash during digital time. The National Payment Corporation of India is considered a good option to promote digital transactions among people and to fasten fund transfer. Through this, any person can immediately send money from his bank account to another bank account or get the amount. In this, the user can only transact money through UPI ID and PIN without giving information about account. Today we are going to tell you about all the information related to it.
Know the benefits of UPI
With the help of UPI, you can transfer money to anyone’s account anywhere. With UPI, you can use UPI with the help of many apps like BHIM, Phone Pay, Google Pay, Mobikwik, Paytm. The maximum limit to transfer funds through UPI is Rs 1 lakh. However, every bank is different.
Activate UPI account in this way
You can download any app to create a UPI account. After this, you have to register on it by entering your mobile number. After this, you have to add your account in it. After adding the account, you have to search your bank’s name here. After clicking the name of the bank, you have to add your account. If your mobile number is linked to your account, then it will be revealed. After selecting the account, ATM card will have to be given details to pay. After that your UPI account is created.
Know which bank is limit
2 types of limits have been fixed through UPI, in which in the first limit, how much money you can send in one left is decided. At the same time, the second limit is fixed for the total amount of money to be transacted in one day. Know the list of those banks and financial institutions through which you can send up to 1 lakh rupees to another bank account at a time.
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Banks with transaction limit up to Rs 1 lakh
Allahabad Bank (Day limit 1 lakh rupees)
Andhra Pradesh Rural Development Bank (Day limit 1 lakh rupees)
Bank of Baroda (Day limit 1 lakh rupees)
Corporation Bank (Day Limit Rs 1 Lakh)
Gujarat State Co-operative Bank (Day Limit Rs 1 Lakh)
Ujjivan Small Finance Bank (Day Limit 1 Lakh Rupees)
Chhattisgarh State Rural Bank (Day Limit 1 Lakh Rupees)
Central Bihar Gramin Bank (Day Limit 1 Lakh Rupees)
Maharashtra Gramin Bank (Day limit 1 lakh rupees)
Purvanchal Bank (Day limit 1 lakh rupees)
Telangana Gramin Bank (Day limit 1 lakh rupees)
Banks with transaction limit up to 50 thousand rupees
Adarsh co-operative bank (day limit 50 thousand rupees)
Himachal Pradesh Gramin Bank (Day Limit 50 thousand rupees)
Central Bank of India (Day limit 50 thousand rupees)
IDBI Bank (Day Limit 50 thousand rupees)
India Post Payment Bank (Day Limit 50 thousand rupees)
Punjab National Bank (Day Limit 50 thousand rupees)
United Bank of India (Day Limit 60 thousand rupees)
Vijaya Bank (Day limit 50 thousand rupees)
Banks with transaction limit up to 25 thousand rupees
Bhilwara Urban Co-operative Bank (Day Limit 25 thousand rupees)
Karnataka Vikas Gramin Bank (Day limit 25 thousand rupees)
Kaveri Gramin Bank (Day Limit 25 Haja Rupees)