I’m planning to open a PhonePe Wallet and wanted to know what the wallet limits are.
The PhonePe Wallet has usage limits based on your KYC status. For users with minimum KYC, the wallet has a ₹10,000 monthly top-up limit and a maximum balance cap of ₹10,000. Once you complete full KYC, these limits increase significantly, allowing you to load and maintain up to ₹2,00,000 in your wallet. Full KYC users can also withdraw money to their bank accounts, typically with a ₹5,000 per transaction and ₹25,000 daily limit, subject to an annual cap. Completing full KYC unlocks more features and higher transaction flexibility.