Notifications
Clear all
Digital Banking
2
Posts
2
Users
1
Reactions
742
Views
31 December 2023 3:27 PM
I started UPI transaction on Google Pay App through Canara Bank Account.
1 Reply
1 January 2024 12:03 AM
UPI transaction limit in Canara Bank is set at Rs 1 lakh per day.
However, Canara Bank introduced Cooling Period in UPI from 21/11/2023.
It is aimed at safeguarding Canara Bank customers in unforeseen event of user credentials getting compromised unknowingly. With the implementation of Cooling Period, the customers can have sufficient buffer time to react in such situations.
Cooling Period for User Registered on UPI (on any UPI enabled app like Google Pay, Paytm etc.):
On Android: For the first 24 hours, Amount permitted up to ₹ 5,000/-
On iOS: For the first 72 hours, Amount permitted up to ₹ 15,000/- (₹ 5,000/- in each 24-hr cycle)
Key Points to keep in mind:
- The above cooling period is applicable when a user registers on any UPI app.
- It is also applicable to a newly added account in a UPI app that is already being used.
- If the UPI registered user changes the device/SIM Card /remove SIM card & re-insert, then cooling period is not applicable.
