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Looking for the GPay per day limit in India? Want to know the maximum transaction limit of Google Pay?
So, here is the blog to answer all your questions. Know about the GPay per day transfer limit and also the maximum transaction limit in Google Pay which differs according to banks.
Without further ado, let’s jump right in.
GPay/Google Pay Transaction Limit Per Day
The GPay limit per day for money transfers is ₹1,00,000. Moreover, you can only send money a maximum of 10 times in GPay or any other UPI app. However, if you want to transfer more funds, you are allowed to do so after 24 hours have passed. The UPI transfers, all combined, have the above said GPay transfer limit per day.
To avoid fraud, google pay allows you to request a maximum of ₹2,000 in a day through your VPA in UPI.
After downloading the app, you may have to transfer ₹1 to GPay to ensure that the setup is complete. However, the ₹1 will be refunded back to your account. The first transaction limit of Google Pay is also ₹1,00,000.
Businesses have to accept thousands of UPI payments a day. Thus, this is where UPI integration with a payment gateway comes in.
It is important to note that ₹1 Lakh is the total amount you can send across all UPI apps. So, your transaction limit of Google Pay will depend on the other UPI transactions you have done in a day.
Also, please note that the GPay transaction limit for Initial Public Offering (IPO) and Retail Direct Scheme (RDS) is ₹5 lakhs, according to NPCI1.
The NPCI proposed to put a 30% volume cap on all UPI apps. This is to ensure that UPI apps like PhonePe and GPay don’t have a monopoly on the UPI market. However, the deadline for limiting the volume cap for TPAPs (Third Party App Providers) has been extended by 2 years up to December 31, 2024.
Google Pay Transaction Limit for Different Banks
So, below is the table that gives detailed information about the GPay limits per day as well as per transaction. It also displays the weekly and monthly Google Pay transaction limits of several banks:
|Name of Institution||Per Transaction Limit of Google Pay (INR)||GPay Transfer Limit Per Day (INR)||Google Pay Transaction Limit Per Week (INR)||GPay Transaction Limit Per Month (INR)|
|A P Mahesh Bank||25,000||100,000||NA||NA|
|Aditya Birla Bank||100000||100000||NA||NA|
|Allahabad UP Gramin||25,000||100,000||NA||NA|
|Andhra Pradesh Grameen Vikas||25000||25000||NA||NA|
|Apna Sahakari||100000||100000||No limit||No limit|
|Bank of Baroda||25,000||50,000||NA||NA|
|Bank of Maharashtra||10000||20000||NA||NA|
|Baroda Gujarat Gramin Bank||25,000||NA||NA||NA|
|Baroda Uttar Pradesh Gramin||25,000||100,000||NA||NA|
|Catholic Syrian Bank||1,00,000||1,00,000||NA||NA|
|Central Bank of India||25000||50000||NA||NA|
|Chaitanya Godavari Gramin Bank||25,000||100,000||NA||NA|
|Chhattisgarh Rajya Gramin Bank||25000||25000||NA||NA|
|City Union Bank||1,00,000||1,00,000||NA||NA|
|Deutsche Bank AG||100,000||NA||NA||NA|
|Dombivli Nagri Sahakari Bank||100,000||100,000||NA||NA|
|Equitas Small Finance Bank Payments Bank||1,00,000||1,00,000||NA||NA|
|G P Parsik Bank||50000||100000||700000||3000000|
|Gujarat State Bank||25000||50000||NA||NA|
|Janta Sahakari Bank||100000||NA||NA||NA|
|Karur Vysya Bank||1,00,000||1,00,000||NA||NA|
|Kerala Grameen Bank||**10-50000||50000||NA||NA|
|Maharashtra Grameen Bank||25000||25000||NA||NA|
|Malwa Gramin Bank||25000||25000||NA||NA|
|Meghalaya Rural Bank||25000||25000||NA||NA|
|Mehsana Urban Co-operative Bank||1,00,000||1,00,000||NA||NA|
|NKGSB Co-Op Bank Ltd||20,000||40,000||NA||NA|
|Punjab and Maharashtra Co-Op Bank Ltd||1,00,000||1,00,000||NA||NA|
|Paytm Payments Bank||100000||NA||NA||NA|
|Pragathi Krishna Grameen Bank||*10-20000||20000||NA||NA|
|Rajkot Nagrik Bank||100000||100000||No limit||No limit|
|Samruddhi Co-Op Bank||50,000||50000||350000||150000|
|Saraswat Co-op Bank||1,00,000||50,000||NA||NA|
|Saurashtra Gramin Bank||25000||25000||NA||NA|
|SBI / State Bank of India||100,000||100,000||NA||NA|
|South Indian Bank||1,00,000||1,00,000||NA||NA|
|Standard Charter Bank||100000||NA||NA||NA|
|Standard Chartered Bank||100000||100000||NA||NA|
|SUCO SOUHARDA SAHAKARI BANK||10000||8,00,000||NA||NA|
|Surat People Cooperative Bank||100,000||100,000||NA||NA|
|TELANGANA GRAMEENA BANK||25000||25000||NA||NA|
|Thane Bharat Sahakari Bank||50000||100000||No limit||No limit|
|Thane Janta sahakari Bank||100000||100000||No limit||No limit|
|The Jammu and Kashmir Bank Ltd||25,000||25,000||NA||250,000|
|The Kalyan janta sahakari Bank||100000||100000||No limit||No limit|
|The Sutex Co–Op Bank||200000||200000||NA||NA|
|Ujjivan Small Finance Bank||50,000||100,000||NA||NA|
|Union Bank of India||1,00,000||100,000||5,00,000||20,00,000|
|United Bank of India||100,000||25,000||NA||NA|
|Uttarakhand Gramin Bank||25000||25000||NA||NA|
|Vishveshwar Co opp Bank||1,00,000||1,00,000||NA||NA|
Now that we have covered the transaction limit of GPay, let’s move on to something interesting.
How To Go Beyond GPay Transaction Limit?
Now, the maximum transaction limit in GPay can be a hurdle for businesses.
As a merchant, you need to accept payments in massive amounts transfer funds and multiple times a day.
Thankfully, the GPay limit per day does not apply to peer-to-merchant transactions. A customer can pay a business as many funds as required. Moreover, there is no limit to the number of transactions either.
A payment gateway like Cashfree can help you accept and disburse UPI payments seamlessly. UPI payments for businesses have seen an enormous spike as it has become a preferred mode of payment. In fact, according to a report by PwC, it is expected that daily UPI transactions will reach 1 billion by FY 2026-272. Out of these transactions, GPay had a share of 36%3.
Needless to say, businesses have a lot to gain by offering UPI as a payment mode to customers. It will decrease cart abandonment rates and increase customer satisfaction due to its ease of use.
Having said that, let’s dive deeper. Let’s have a look at the biggest advantages of accepting and disbursing payment through UPI for businesses.
Offering GPay As a Payment Mode To Customers
In India, more than 12 lakh websites4 use GPay as a payment mode. The reason behind it is simple. It has one of the largest customer bases in India. Moreover, it is easy to use and increases customer satisfaction with the payment process.
A payment gateway can help you offer UPI apps like GPay after easy integration. Let’s dive deeper to understand other benefits of offering GPay as a payment mode through a payment gateway.
Higher Profits For Businesses
A payment gateway helps you accept payments from your customers. Now, the patent gateway charges directly affect your business’ profit.
How? Let us explain!
A payment gateway charges you a fee on every customer transaction. This fee is known as the merchant discount rate (MDR).
Interestingly, the merchant discount rate for UPI transactions through apps like GPay is 0%. As a result, it leads to higher profit for the business as there is no MDR discounted from the settlement.
It is important to note that the payment gateway may have fixed charges on top of the MDR. These fixed charges may be the setup fee or the annual maintenance fee. However, Cashfree Payments does NOT levy any setup or maintenance fees on its merchants.
Transactions through UPI apps like GPay are easy. However, it is even easier to reconcile them. Reconciling your payment is cross-checking every payment company payment transaction and thus, understanding the expense and profits.
So, a payment gateway can help you reconcile your payment through comprehensive dashboards. These dashboards will show the date/time of the transaction, the amount, the merchant discount rate and also the net settlement amount of each transaction.
Furthermore, you can filter out your transactions to create custom reports. You may filter the GPay transactions based on either their period or settlement amount.
Finally, a payment gateway dashboard also offers payment analytics. This can help you understand your past transactions and therefore, estimate your cash flow accurately. This can also help small and medium businesses in business forecasting and chalking out a future plan.
No Transaction Limit in GPay
Although the NPCI has set a Google Pay transaction limit in India, the rules are different for businesses. The P2P (person/customer to person/customer) limit is ₹1 Lakh and also for many merchant payments However, for some P2M (person/customer to merchant), the limit is ₹2 Lakh.
Hence, you can make any amount of transactions through a payment gateway. Cashfree also allows you to set your own transaction limits in terms of amount and frequency.
Interestingly, a payment gateway can also help you offer recurring bill options to your customers. They can choose to make repeat payments through UPI apps like Google Pay, Phone Pe, Paytm and even more.