INCREASE BANK ACCOUNT TRANSACTION LIMIT
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Application to increase bank account transaction limit and also information.

Hello friends and welcome to INFOFRIENDLY. Today we will talk about Application to increase bank account transaction limit and also information. And we will learn about how to write an application to increase the UPI (PhonePe, Paytm, Google Pay,…) transaction limit and to increase the Transaction Limit of ATM.

So today I am going to tell you about both applications and some information that you should know.

What is a Bank Account Transaction Limit?

  • Transaction means – transaction.
  • At the same time, transaction limit means – the limit of the transaction.
  • If you want to increase the transaction limit then it means you want to increase your transaction.

Like – in today’s time, you can withdraw as much as Rs 40,000 in 1 day from ATM, if you are not happy with it and want to increase it, then you can increase it to 50000. (For which you are charged extra charges.) So this is to increase the transaction limit.

Transaction Limit You can increase and decrease according to yourself.

Different things have different transaction limits.

Such as ATM Withdrawal 40000 / day, NEFT / RTGS 100000 / Day, Online Transaction 100000 / Day, Minor Account NEFT / RTGS 5000 / Day

So these are some limits set by the bank according to which you can transact so much money in a day, or in a month.

If you want to see the list of transaction limits then you can also see that. I have given the link below, you can see it by clicking above the link.

Application to increase Bank Account Transaction Limit –

To,

The Bank Manager

Bank Name,

Branch, District

Date-DD-MM-YYYY

Subject – To increase the limit of transactions from ATM.

Sir,

     I humbly request that I (write my name) am an account holder of your bank. I am a businessman and I have to do transactions every day for which sometimes even 60 to 70 thousand rupees are required in 1 day, while the withdrawal limit of only 40 thousand rupees has been fixed by ATM.

I want the limit of withdrawal through my ATM to be 50 thousand rupees/day. So that I can run my business well and I do not have to face any kind of problems.

Hence, request to Mr. Sir that the withdrawal of my ATM should be done to 50 thousand / day. We will always be grateful to you for this.

Yours sincerely.

Name – (Your name)

A / C no.  – (Account number)

Mo – (Your mobile no.)

Date –(DD-MM-YYYY)

   (Sign)

👉 
You can also get a photo of this application.

Application to increase bank account transaction limit and also information.-min

Application to increase UPI (PhonePe, Paytm,…) Transaction Limit

To,

The Bank Manager

State Bank of India

Bailey Road, Patna

Date – 27-05-2021

Subject – To increase the limit of transactions from UPI (PhonePe).

Sir,

        I humbly request that I Suresh Sahu am an account holder of your bank. I am a businessman and I have to do transactions every day, which sometimes requires 20 to 25 transactions in 1 day, whereas only 10 transactions are allowed by UPI.

I want my UPI transaction limit to be reduced to 25. So that I can run my business well and I do not have to face any kind of problems.

Therefore, I request you to increase the transaction limit from my UPI (PhonePe) to 25 per day. We will always be grateful to you for this.

Yours sincerely.

Name – Suresh Sahu

Account Number – 12345678989

Mo – 9123456789

Date – 27-05-2021

 

(Suresh Sahu)

👉 You can also get a photo of this application.

Application to increase UPI (PhonePe, Paytm) Transaction Limit-min

Note: – If you want to increase the transaction in NEFT / RTGS, Credit Card, or to increase the transaction limit for someone else, then you should write the application in the same way. I have written here by giving an example of ATM and UPI, you should write your subject in place of ATM / UPI. Let the rest of the format be the same.

Advantages and disadvantages of increasing Transaction Limit –

Increasing the transaction limit is mostly of benefit. Common people also benefit from it and businessmen also benefit from it.

Nowadays, mobile wallet apps are coming out like Phonepe, Paytm, there are offers like a reward for doing 5 -7 transactions in it throughout the day. So if your transaction limit is high then you will have more chances of getting more rewards.

At the same time, businessmen have to pay many people every day, in such a way that if the transaction limit is high, then they will be able to pay too many people.

The disadvantage of this is that you will be charged tax. Every bank will levy this tax or charge according to its own. So you should see that if the charges are more then do not increase it and if the charges are less then increase it.

Currently, no charges are levied for UPI Transaction. Charges can be up to 1-5 rupees if they happen in future.

I hope you have liked this information.

Thank you very much for reading this post by giving your important time.

That’s all for now, soon you will meet with a new topic.

This was all about Application to increase bank account transaction limit and also information.

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