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How much money can be transferred through BHIM upi

Bharat Interface of Money (BHIM) is an Indian money transferring app developed by National payment Corporation of India (NPCI) to make simple, fast and secure transactions through Unified Payments Interface (UPI). BHIM app allows its users to make direct Bank transfer to a another account by UPI ID or scanning QR Code or with a combination of account number and IFSC Code. One can also request money through the app from a UPI ID. The main aim behind its development is to facilitate and promote cashless transactions. The app was launched by Hon’ble Prime Minister of India, Shri Narendra Modi on 30th December 2016, to digitalize payment system in India. Recently, BHIM has added some value added feature like Balance check, Pay Bills, IPO, Donate and gift making it a great payment app.

Though this app comes with a superfast feature of quick money transfer but at the same time, carries certain money transferring limits restrictions imposed on the user in a day. Let’s learn the number of transaction allowed and the total amount that can be transferred through BHIM on a day.
Number of Transaction limit: BHIM allows its user to make maximum 10 transaction in a day. After completing of 10 transaction, the user is restricted to make another transaction for next 24 hours before making transaction again.
Fund transfer limit: BHIM allows its user to transfer a minimum amount of Rs 1 to a maximum of Rs 20,000 in one transaction. Whereas, the total amount of fund transfer has been limited to Rs 40000 in 24 hours. One can’t transfer obove Rs 40000 in one day.

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This post first appeared on Banking And Wordpress Tutorials, please read the originial post: here

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