You Can Try Again in About 24 Hours
Most of the time, the UPI payments are successful instantly and the money is added immediately to the receiver'due south banking company account. However, in some cases, the users face failed UPI transactions while sending money from one banking company business relationship to another. This tin exist due to multiple reasons like the users may take entered wrong receiver'due south details or UPI PIN, he/she may have exceeded the daily limit, have insufficient balance, etc.
Read further to know in detail what to do in example the UPI payment fails repeatedly. Beneath, we have explained some of the possible reasons backside the same-
The Daily UPI Payment Limit is Exceeded
A user tin can do a limited number of UPI payments in 24 hours. About of the banks put a limit of 10 daily UPI payments. If the user exceeds the daily limit and then it is brash to retry after 24 hours or can try making payment using a unlike bank account.
Insufficient Balance in the Bank Account
In this scenario, the user may exist trying to pay/send an amount that is more than the available residue in the bank business relationship. It is advised to check the account balance past tapping on the UPI money transfer icon on the app homepage.
Wrong PIN
In case the user has forgotten the UPI Pin, he/she can reset the UPI PIN by tapping on the UPI profile on the app homepage and choosing the choice of 'Forgot UPI Pivot'.
Incorrect Receiver Details
It is strictly advised to check the bank account number and IFSC code of the receiver's bank while sending the money. The user tin also face a failed transaction if he/she fills in the wrong IFSC code or account number while sending the coin.
Benefits of Using Paytm UPI Transaction
Permit's take a look at the benefits of using Paytm UPI Transactions:
24X7 Service
Since UPI transactions are washed using mobile apps, they can be done at any time or from anywhere. There is no fixed timing when you can carry out transactions.
Cash-gratuitous Transactions
Different RTGS, IMPS and NEFT, which charge a fee for transferring funds from ane business relationship to another, UPI enables cash-free transactions every fourth dimension ane uses information technology.
Uncomplicated and Fast
UPI transactions are simple and easy to use as it does not crave complex account details such every bit account number, IFSC lawmaking, branch proper name, business relationship holder'southward proper noun, etc. A user just needs to enter the UPI ID or PIN to complete the UPI transactions.
Safe and Secure
The Reserve Bank of India (RBI) and National Payments Corporation of India (NPCI) regulate UPI transactions. Thus, it is admittedly safe and secure. The payments can be initiated only by using the registered mobile number with the bank in which the user holds his/her account. The transactions can be completed but after confirming the UPI Pin.
UPI Transaction Limits
The UPI transaction limit is the maximum corporeality that the user is allowed to transfer from his/her banking concern business relationship to another. The maximum UPI transaction limit is Rs. ane lakh.
Wrapping information technology Up!
Paytm UPI is i of the most convenient and safe modes of fund transfer. However, in case the user faces any difficulty while transferring the funds or if the UPI is non working then they can cheque the aforementioned reasons for the successful transactions. Moreover, they tin can also phone call the customer intendance number Paytm i.e. 0120-4456-456 to get the queries resolved.
FAQs
What are UPI transactions?
Past using the UPI, users tin transfer funds from his/her bank account to some other bank account using mobile payment applications such as Paytm.
Are there any charges on UPI transactions on Paytm?
No, in that location are no charges applicable on UPI transactions on Paytm. The users tin conduct out the UPI transaction on Paytm free of cost.
How much time does it accept to complete a UPI transaction?
A UPI transaction tin can be completed instantly subsequently confirming the details.
Source: https://paytm.com/blog/payments/upi/what-to-do-if-upi-transactions-are-getting-failed/
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