I was trying to send money to my friend using HDFC PayZapp, but it didn’t go through. Is there a daily or monthly money transfer limit that I might have crossed?
Yes, HDFC PayZapp does have a money transfer limit, and that might be why your transaction didn’t go through.
The average daily transfer limit is around Rs. 1,00,000, nut it can vary depending on your account type, like how long you have been using your payzapp, and whether you have completed your KYC or not, etc. Sometimes, if you’re using it for the first time or haven’t linked it to your HDFC Bank account properly, the limits can be lower—like Rs.10,000 to 20,000 per day.
Also, there are monthly caps too. If you’ve done multiple transfers already this month, that could be another reason.