Is there a limit to the amount of money I can send or receive using BHIM?

Yes, there are certain limits on the amount of money you can send or receive using the BHIM (Bharat Interface for Money) app. These limits are set by the National Payments Corporation of India (NPCI) and may vary based on the type of transaction and the time period. Here are the general limits for BHIM transactions:

1. Per Transaction Limit: The maximum amount you can send or receive in a single transaction through BHIM is typically set at Rs. 40,000.

2. Per Day Limit: The maximum cumulative amount you can send or receive in a day using BHIM is usually set at Rs. 40,000.

3. Per Week Limit: The maximum cumulative amount you can send or receive in a week through BHIM is typically set at Rs. 1,00,000.

4. Per Month Limit: The maximum cumulative amount you can send or receive in a month using BHIM is usually set at Rs. 2,00,000.

It's important to note that these limits are subject to change, and different banks or payment service providers may have their own specific limits for BHIM transactions. It's advisable to check with your bank or the BHIM app for the most accurate and uptodate information regarding transaction limits.