You have been using GPay for some time now but do you know how much money can be transferred through Google Pay? You should be aware of the fact that when using Google Pay in India there is a daily limit for making transactions.
How Much Money Can Be Transferred Through Google Pay?
Google Pay allows you to transfer a maximum of Rs. 1lakh in a day. This includes all transactions made in a day using GPay, even if it was on other websites. You can do a maximum of 10 transactions including money transfers using other UPI apps in a day. Understandably, if you want to transfer more money, you need to wait for the next day.
Why Use Google Pay?
One of the main reasons for people to use Google Pay is that it is free. It does not charge any service fee for making transactions. It also offers cash-backs or discount coupon codes for sending money. Thus, this app is a great option to save money and earn extra cash as well.
The money transfers are easy and safe to do. Sending and receiving money is done instantly from the comfort of the home. Recharges and paying bills can also be done using the app. It has various other features that attract people to it.
How to Set GPay on a Smartphone?
GPay is available for both Android and iPhone. Here is a step-by-step guide on setting GPay:
- Download Google Pay from the Google Play Store or App Store
- Install and open the app
- Enter your phone number registered with the bank account you want to use
- Sign in to your Google account
- Follow the instructions as given and link your bank account
How to Use GPay?
- Open GPay app
- Swipe up and find the Payment option at the bottom of the page
- Click on the New tab and search using phone number, account number, contact’s name
- Select a contact you want to send money
- Click on the Pay button
- Enter the amount
- Choose the Proceed to Pay tab
- Input the UPI pin and finish the transaction
Digital wallets are making waves in India to be the next big development in the technology field. More and more people are showing interest and even using these platforms for doing transactions regularly. GPay is a big player among all these. However, it also has certain regulations that need to be adhered to.
One of them is the cap on the amount allocated for the daily transaction. However, since you already got to know how much money can be transferred through Google Pay in a day, you can plan your transactions accordingly. You may even have another GPay account on a different device using a different phone number linked to a separate bank account if you need to transact more than Rs. 1 lakh in a day.