With ease of use and accessibility come security concerns. Keeping this mind, NCPI has mandated the following for the BHIM app: A maximum of 20 transactions can be initiated in a 24-hour period. The daily threshold limit for a single transaction cannot exceed Rs 20,000; The cumulative value of transactions in a 24-hour period is limited to Rs.
With wallets there is a maximum transaction limit of Rs 1 lakh per month. Transaction limit using BHIM is Rs. 20,000 per user, per day, and Rs. 10,000 per transaction.
With your mobile number as payment address, users can directly start transacting through the app. The app has a direct option to check bank balance, and maximum transaction limit of Rs 10,000 in.
However, currently the maximum transaction limit is Rs 20,000 for a day and Rs 10,000 for a single transaction. The BHIM app aims to make payments through mobiles and has logged two crore.
Bharat Interface for Money (BHIM) is an initiative to enable fast, secure, reliable cashless payments through your mobile phone. BHIM is interoperable with other Unified Payment Interface (UPI) applications, and bank accounts for quick money transfers. BHIM is developed by the National Payment Corporation of India (NPCI). BHIM is made in India and dedicated to the service of the nation.
Dena Bank Maximum UPI Limit. Dena Bank UPI daily transaction limit is Rs 1 Lakh and Maximum number of transactions allowed in a day is 20. Bank of Baroda UPI Limit. Daily UPI Limit is Rs 40,000 and in one transaction you can Send or Receive upto Rs 20,000 per transaction and and only 10 transactions per day is allowed per account through BHIM.
Bhim is Govt. of India's official mobile app to enable fast, secure, reliable cashless payments through your mobile phone. May 9, 2017, 5:02 pm IST Should Know Aazad Staff Bharat Interface for Money ( BHIM ) is an initiative to enable fast, secure, reliable cashless payments through your mobile phone.
The app can currently be downloaded only from the android app store, with a maximum transaction limit of Rs 20,000. However, the app is to some extent different from the existing mobile wallets.