Today, UPI for fund transfer has increased a lot because the user does not need a username and password for UPI transactions, and it is also effortless for users to use.
In such a situation, most fraudsters aim to deceive users. You can set the UPI transaction limit in SBI to avoid losing a large amount from such fraud.
The Unified Payment Interface is so simple for users to install the UPI app just once, and it is ready. You can easily transfer money through UPI ID, QR code, phone number and bank account details.
The higher usage of the BHIM UPI app increases the chances of getting fraud, so it is wise to set the transaction limit. Below are some steps to set the limit of UPI transactions.
How to set the UPI transaction limit in SBI?
It is a straightforward process to set UPI transaction limit in SBI, Install Yono Lite SBI, and log in with your internet banking credential for the first time. Later you can set the M-pin to log in to Yono Lite SBI.
Step01: After login, you will get the option of UPI transfer at the top of the home page.
Step 02: Tap on UPI Transfer. On the next screen, you will get the option of a set UPI transaction limit.
Step 03: As soon as you tap on the set UPI transaction limit, the next page will appear. Enter your profile password here and submit.
Step 04: Now, you have to set a new UPI transaction limit here, enter the amount you like and re-enter the same amount, and click on Submit. Here, the maximum transaction limit is ₹100000/-.
Step 05: On the next screen, select Confirm. You will get OTP on your registered phone number. Enter OTP and tap on submit.
Step 06: Here, you will get a message; Your UPI transaction limit request has been successfully set.
Summary: So these were some simple steps to set UPI transaction limits through the Yono Lite app. Here, to save from large amounts of fraud, you should set a minimum limit for UPI transactions.
The limit of UPI transaction will depend on how many transactions you perform daily through the Unified Payment Interface.
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