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How to Increase UPI Limit in Axis Bank: A Step-by-Step Guide

Unified Payments Interface (UPI) has become an essential tool for managing digital transactions, offering a quick and secure way to transfer money and make payments. However, there are transaction limits imposed by banks for security reasons, which can sometimes be restrictive. If you are an Axis Bank customer and need to increase your UPI limit to better suit your financial needs, this guide will walk you through the necessary steps to do so.

Understanding UPI Limits in Axis Bank

Axis Bank, like other banks, sets default UPI transaction limits to enhance security and prevent fraud. Typically, the default UPI transaction limit is set at Rs. 1 lakh per day. However, you may need a higher limit for various reasons, such as higher-value transactions, frequent business payments, or personal transfers.

Steps to Increase UPI Limit in Axis Bank

Increasing your UPI limit in Axis Bank involves a straightforward process that can be done through Axis Bank’s mobile banking app or internet banking portal. Here’s a detailed step-by-step guide for both methods:

Method 1: Using Axis Mobile App

  1. Download and Open Axis Mobile App: If you haven’t already, download the Axis Mobile app from the Google Play Store or Apple App Store and log in with your credentials.
  2. Navigate to UPI Section: Once logged in, go to the ‘UPI’ section in the app. This can usually be found in the main menu or on the dashboard.
  3. Select Manage UPI Limits: Under the UPI section, look for an option to manage your UPI limits. It may be labeled as ‘Manage Limits’ or ‘Set UPI Limits’.
  4. Choose Account and Modify Limit: Select the bank account for which you want to increase the UPI limit. Enter the new desired limit within the maximum permissible range set by the bank.
  5. Authenticate and Confirm: You will need to authenticate this change using an OTP sent to your registered mobile number. Enter the OTP and confirm your new UPI limit.
  6. Confirmation: Once the changes are saved, you will receive a confirmation message on the app, and your new UPI limit will be updated.

Method 2: Using Axis Bank Internet Banking

  1. Log In to Axis Bank Internet Banking: Visit the official Axis Bank internet banking portal and log in with your User ID and Password.
  2. Go to UPI Services: Navigate to the ‘UPI Services’ section, which can typically be found under the ‘Transfers’ or ‘Payments’ tab.
  3. Access Manage UPI Limits: In the UPI Services section, find and select ‘Manage UPI Limits’ or a similarly labeled option.
  4. Select Account and Enter New Limit: Choose the bank account for which you want to increase the UPI limit. Enter the new limit you wish to set.
  5. Authenticate with OTP: Authenticate the changes by entering the OTP sent to your registered mobile number.
  6. Confirm and Save Changes: Confirm the new UPI limit and save the changes. You will receive a confirmation message indicating that your new UPI limit has been successfully updated.

Tips for Managing UPI Limits

  • Monitor Your Transactions: Regularly check your transaction history and bank statements to keep track of your spending and detect any unauthorized activities.
  • Set a Realistic Limit: While increasing your UPI limit, set a realistic amount that meets your needs without compromising security.
  • Secure Your Account: Ensure that your Axis Bank account and UPI PIN are secure. Do not share your UPI PIN with anyone.
  • Update Contact Information: Keep your registered mobile number and email address up-to-date to receive important notifications and OTPs.

Frequently Asked Questions

Q1: What is the default UPI transaction limit in Axis Bank?
A1: The default UPI transaction limit in Axis Bank is Rs. 1 lakh per day.

Q2: Can I increase my UPI limit beyond Rs. 1 lakh in Axis Bank?
A2: Axis Bank allows customers to increase their UPI transaction limits within the maximum permissible range. The specific maximum limit may vary, so it’s best to check with the bank for the latest updates.

Q3: Is there a fee for increasing the UPI limit in Axis Bank?
A3: No, Axis Bank does not charge any fee for modifying your UPI transaction limit.

Q4: How long does it take for the new UPI limit to be effective?
A4: Changes to your UPI limit are typically effective immediately after confirmation.

Conclusion

Increasing your UPI limit in Axis Bank is a simple process that can significantly enhance your transaction capabilities, making it easier to manage higher-value payments and frequent transactions. Whether you prefer using the Axis Mobile app or the internet banking portal, the steps are straightforward and secure. By following the tips provided, you can ensure that your UPI transactions remain safe and efficient. Enjoy the convenience and flexibility of higher UPI limits with Axis Bank, making your financial management smoother and more efficient.

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