Phonepe What is money transfer limit?

Phonepe Standard UPI limit is set by the NPCI is 1 Lakh/day/bank. Now the limit may vary from bank to bank, you have to reach your bank to know the exact UPI transaction limit they have for you.


Wallet Top up limit: ₹ 10,000/transaction and ₹ 20,000/month.

Wallet Withdrawal limit: ₹ 5,000/transaction and ₹25,000/month.

Wallet transfer limit: Monthly limit depends on how much your beneficiary has loaded money in his PhonePe wallet in that particular month. Ex: If A wants to send ₹ 15,000 to B who already has made a Wallet top up of ₹ 10,000 in this month. A now can only send ₹ 10,000 to B which will add upto 20,000.

Remind you I mentioned wallet top is 20,000/month so at any point of time B wallet amount limit will not exceed 20,000. Refund is an exception.

In continuation of the above example Ex: In the same month B has made a Flipkart purchase of ₹ 5,000 which he later on cancelled and he received the refund on Phonepe ₹ 5,000 which will be added into his wallet that will add upto ₹ 25,000. That’s why we have a wallet withdrawal limit of ₹25,000.

Hope that helps;)

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