By Lal Singh In a country where digital payments have become the heartbeat of daily life, PhonePe stands tall as India’s most trusted UPI warrior. With over 55 crore (550 million) registered users and processing over 1 in every 2 UPI transactions, PhonePe has redefined how Indians send, receive, and manage money. But one question echoes in every user’s mind: “How much money can I actually transfer through PhonePe?”
Let’s break it down — limit by limit, feature by feature
UPI Transaction Limits on PhonePe
PhonePe runs on Unified Payments Interface (UPI), governed by the National Payments Corporation of India (NPCI). Here are the official UPI limits applicable on PhonePe:
| Category | Per Transaction | Daily Limit |
| Standard UPI (P2P) | ₹1,00,000 | ₹1,00,000 |
| UPI Lite (Small Payments) | ₹500 | ₹4,000 (total) |
| IPO / Capital Markets | ₹5,00,000 | ₹5,00,000 |
| Insurance / Medical | ₹5,00,000 | ₹5,00,000 |
Note: Some banks allow up to ₹2 lakh per transaction for verified users (e.g., HDFC, ICICI, Axis). Check your bank in PhonePe → Profile → Bank Account.
PhonePe Wallet
Though UPI dominates, PhonePe still supports its Wallet (now called PhonePe Gift Wallet for specific use cases):
- Max Load: ₹1,00,000 per month
- Max Balance: ₹1,00,000
- Transfer to Bank: ₹1,00,000 per day
Pro Tip: Use Wallet only for merchant payments or gifting. Direct P2P via Wallet is deprecated.
PhonePe for Business (Merchant) Limits
If you’re a shop owner or freelancer, here’s what you can receive:
| Type | Daily Limit | Monthly Limit |
| Standard QR / Link | ₹50,000 | ₹5,00,000 |
| Dynamic QR (High Volume) | ₹2,00,000 | ₹50,00,000+ (KYC upgrade needed) |
Upgrade Path: Complete Full KYC + GST registration → Apply for High-Value Merchant status → Unlock ₹10 crore+ monthly.
International Transfers
Launched in 2024, PhonePe International lets NRIs send money to India via UPI:
- Max per transaction: ₹1,00,000
- Daily: ₹2,00,000
- Monthly: ₹10,00,000
Supported countries: UAE, Singapore, UK, USA, Canada (via partnerships with Wise, Remitly).
Hidden Limits: Bank, KYC & Device Rules
Even if PhonePe allows ₹1 lakh, your bank or KYC level might say no. Here’s the hierarchy:
| KYC Level | Daily UPI Limit | Remarks |
| Minimum KYC | ₹1,00,000 | Aadhaar + mobile OTP |
| Full KYC (Biometric) | ₹1,00,000+ (bank-dependent) | Can request higher limits |
| New User (First 24 hrs) | ₹5,000 | Security feature |
Bank-Specific Caps (2025):
- SBI: ₹1 lakh
- HDFC: ₹2 lakh (for select users)
- Paytm Payments Bank: ₹1 lakh
- Airtel Payments Bank: ₹1 lakh
How to Increase Your Limit (Step-by-Step)
Want to send ₹2 lakh in one go? Follow this:
Open PhonePe → Tap profile icon
Go to Bank Accounts → Select your bank
Tap “Increase Limit” (if available)
Complete Video KYC or visit bank branch
Wait 24–48 hrs → Limit upgraded!
→ Success Rate: 80% of HDFC/ICICI users get ₹2 lakh approval.
Safety First: Avoid Getting Blocked
PhonePe uses AI fraud detection. Avoid:
- Sending ₹1 lakh to 50 new UPI IDs in a day
- Using multiple devices with same account
- Transferring to gambling/illegal IDs
Result? Account frozen for 72 hrs. Always use verified recipients.
Final Verdict: How Much Can You Transfer?
| Your Profile | Max Per Day |
| Regular user (Full KYC) | ₹1 lakh (₹2 lakh with bank approval) |
| New user | ₹5,000 (first day) |
| Merchant (High Volume) | ₹2 lakh+ |
| NRI (International) | ₹2 lakh |
The Future: What’s Next?
PhonePe is testing UPI 2.0 features (rumored 2026 launch):
- ₹5 lakh per transaction (for premium users)
- Group transfers (split bills up to ₹10 lakh)
- Crypto on-ramp (via regulated partners)
Bottom Line:
₹1 lakh per day is the safe, standard limit for 99% of PhonePe users. Need more? Upgrade KYC, choose a high-limit bank, or go merchant.