UPI limit is now 5 lakhs per day for big merchant payments

[Abhishek012]

Great news - UPI limit is now 5 lakhs per day for big merchant payments:

Recently, i saw this tweet -

You can do transactions using your UPI-linked RuPay Credit Card of up to ₹5 lakhs per day, except at small offline merchants where the maximum transaction limit is ₹1 lakh per day.

Tweet link -



Few weeks ago, i already shared 12 upcoming UPI feature and i told there "Limit enhancement up to Rs 5 Lakhs per transaction for UPI transactions" -

Upcoming UPI feature coming soon

Upcoming UPI feature coming soon: 1) Digi-locker based UPI Onboarding 2) Alternate device binding solution like silent mobile verification etc 3) UPI Autopay from 15k to higher limits 4) Issuance of P2P e-RUPI voucher, allowing non-bank PPIs to issue e-RUPI vouchers. 5) Enablement of...

www.technofino.in

 

[deep@vie]

Great news - UPI limit is now 5 lakhs per day for big merchant payments:

Recently, i saw this tweet -

You can do transactions using your UPI-linked RuPay Credit Card of up to ₹5 lakhs per day, except at small offline merchants where the maximum transaction limit is ₹1 lakh per day.

Tweet link -

View attachment 31230

Few weeks ago, i already shared 12 upcoming UPI feature and i told there "Limit enhancement up to Rs 5 Lakhs per transaction for UPI transactions" -

Upcoming UPI feature coming soon

Upcoming UPI feature coming soon: 1) Digi-locker based UPI Onboarding 2) Alternate device binding solution like silent mobile verification etc 3) UPI Autopay from 15k to higher limits 4) Issuance of P2P e-RUPI voucher, allowing non-bank PPIs to issue e-RUPI vouchers. 5) Enablement of...

www.technofino.in

But these big merchants do have POS installed then why would one go for UPI where a swipe can get one better rewards.

 

[Deleted member 11974]

But these big merchants do have POS installed then why would one go for UPI where a swipe can get one better rewards.

not everyone has the knowledge like you do

 

[deep@vie]

not everyone has the knowledge like you do

You're right,one more thing is people hesitate to ask for POS & just scan the QR & completes the payment.

I'm one of these:
Me-Want to swipe the card.
Merchant-don't you have cash.
Me-no.
Merchant Don't you have Gpay,phoneoay,Paytm.
Me-never heard about these.
Then he reluctantly brings the POS from his drawer.

 

[Deleted member 11974]

You're right,one more thing is people hesitate to ask for POS & just scan the QR & completes the payment.

I'm one of these:
Me-Want to swipe the card.
Merchant-don't you have cash.
Me-no.
Merchant Don't you have Gpay,phoneoay,Paytm.
Me-never heard about these.
Then he reluctantly brings the POS from his drawer.

agreed
they dont want to pay mdr
and majority of rupay card holders dont know about the rewards system
as in monthly capping and all

 

[masumshah59]

How to increase IDFC Per transaction UPI limit? Anyone, any idea?
It's still 25k per transaction

 

[Abhishek012]

How to increase IDFC Per transaction UPI limit? Anyone, any idea?
It's still 25k per transaction

You tried GPay or IDFC bank official UPI app ?

 

[masumshah59]

You tried GPay or IDFC bank official UPI app ?

PhonePe 😅

(a message more than 3 words)

 

[SamPtnk]

UPI-linked RuPay Credit Card

Acceptance ratio is even lower than Amex

Transaction fail hua to auto refund nahi dete ye log

Have to constantly nag them

Imagine this with 5L stuck

 

[harsh1387]

I don't use rupay upi for more than 2k payment. If there is a more than 2k payment involved usually the place will have a card machine so I swipe it. 1.5% in both cases on hdfc infinity.

 

[Abhishek012]

Acceptance ratio is even lower than Amex

Transaction fail hua to auto refund nahi dete ye log

Have to constantly nag them

Imagine this with 5L stuck

UPI-linked RuPay Credit Card abhi launch he kaha hua hai.

Abhi toh beta phases me ha. Sahi se live toh hone do, phir na merchant acceptence k uppar kam kiya jayega.

 

[NShah]

UPI-linked RuPay Credit Card abhi launch he kaha hua hai.

Abhi toh beta phases me ha. Sahi se live toh hone do, phir na merchant acceptence k uppar kam kiya jayega.

Sahi baat hai

 

[deep@vie]

Acceptance ratio is even lower than Amex

Transaction fail hua to auto refund nahi dete ye log

Have to constantly nag them

Imagine this with 5L stuck

One should try this stunt with icici coral rupay card

 

[SamPtnk]

UPI-linked RuPay Credit Card abhi launch he kaha hua hai.

Abhi toh beta phases me ha. Sahi se live toh hone do, phir na merchant acceptence k uppar kam kiya jayega.

To humlog apna paisa dao pe laga ke beta testing kar rahe hain 🤣
Humko to fir paisa milna chaiye

 

[ADITYA1904]

You're right,one more thing is people hesitate to ask for POS & just scan the QR & completes the payment.

I'm one of these:
Me-Want to swipe the card.
Merchant-don't you have cash.
Me-no.
Merchant Don't you have Gpay,phoneoay,Paytm.
Me-never heard about these.
Then he reluctantly brings the POS from his drawer.

Same here…i say i brought the wallet but dont have money in wallet see this and dont have upi, i only have cc…🤣🤣🤣

 

[srikant]

Acceptance ratio is even lower than Amex

Transaction fail hua to auto refund nahi dete ye log

Have to constantly nag them

Imagine this with 5L stuck

Mera to paisa kabhi nahien atka RuPay through UPI par. Sometimes transaction gets declined, lekin in that case debit bhi nahin hota. I use BHIM.

With credit card you usually have enough time to get the money "unstuck". I generally use whichever card has next billing furthest away.

But I usually prefer swiping for INR100+ transactions.

 

[srikant]

One should try this stunt with icici coral rupay card

Recently I booked some flight ticket in a slightly larger than usual transaction using it -- they nicely made an automated call to check if it was a genuine use.

 

[deep@vie]

Recently I booked some flight ticket in a slightly larger than usual transaction using it -- they nicely made an automated call to check if it was a genuine use.

Their Upi transaction decline rate is much higher

 

[ALOAK]

Acceptance ratio is even lower than Amex

Transaction fail hua to auto refund nahi dete ye log

Have to constantly nag them

Imagine this with 5L stuck

I don't think so I use rupay mostly through scan and if I don't like to scan I will just give the card and it is always successful. Out of 100 transaction I have seen 3 failures. However merchant upi sometimes don't go through and it debits. Specially phonepay has more failures sometimes it does not detect rupay card not sure why. If there is failure contact the upi merchant and raise a dispute and the refund will come to u. Once it debited my account but hotel guys said not received then I made another one it went through. I then asked who manages this funds and I asked him to check his statement for said date at first he was reluctant I said if u don't then I will have to raise hardly it takes two mi uses to check then he checked there were two payments I showed mine which was debited and he finally refunded it saying paytm will refund it u have raised dispute. Sometimes these merchants do this trick if they don't hear the payment advise on their speaker box they think it has not come at all. Be alert with merchants they try every trick I books for double payment.

 

[quino]

You're right,one more thing is people hesitate to ask for POS & just scan the QR & completes the payment.

I'm one of these:
Me-Want to swipe the card.
Merchant-don't you have cash.
Me-no.
Merchant Don't you have Gpay,phoneoay,Paytm.
Me-never heard about these.
Then he reluctantly brings the POS from his drawer.

yesterday, i went to a local store/mart, did minimal shopping total came out to be 94/-. The cashier had the pos machine infront of him (which is also how they accept upi, basically all digital payments go through that machine), and i asked if i can use the tap option (i can see the tap wave symbol on the pinelabs machine), he happily said yes and held out the pos for me to tap. Instant, no otp, no pin, no need to take my phone out of the pocket unlock it and open some app wait for it to load etc, it was a great feeling. i decided to use the tap whenever i can.

only times i used my card previously is to withdraw some cash, and in airport lounges where they always try to swipe the darn thing and ask me to enter the pin. so didn't have great experience.