Why Kotak Mahindra Bank UPI Is Not Working? Here Is The Possible Fix!

Transactions made through BHIM UPI are instantaneous and are completed in a matter of seconds.

A UPI app can provide a Virtual Payment Address to your bank account, which serves as a unique identification for your account. In the Kotak Mobile Banking App, the VPA has the following format: username@Kotak. The National Payments Corporation of India (NPCI) mandates and modifies transaction limitations regularly. Their transactions are subjected to the limits set forth by various other financial institutions when the user has a bank account & it has linked that same bank account to the Application.

Kotak Mahindra Bank UPI Not Working

Kotak Mahindra Bank

Money transfers performed using UPI are instantaneous and can be completed at any time of day or night, including on holidays, and are not reliant on banking hours.

Why Kotak Mahindra Bank UPI fails?

Transactions can fail for a variety of reasons on either the sender or beneficiary side. It can be due to:

  • A problem with the bank’s connectivity or the system
  • There are certain rules or restrictions at the banks.
  • The limit has been exceeded.
  • There was an error with the beneficiary VPA or either no account was linked to at the time of the transaction.

When a transaction attempt fails, you will typically be able to see the reason for failure shown on your screen once the payment attempt has been completed successfully.

Let’s understand the possible reasons in detail:

A problem with the bank’s connectivity or the system

Sometimes there is an issue with the Kotak Mahindra Bank’s connectivity, due to which the transactions get stuck in the middle and it fails. However, it gets fixed on its own after some time. In such a situation, you must have patience and try again after 1 or 2 hours.

The limit has been exceeded

A user is only allowed to make a certain number of UPI transactions in 24 hours. The majority of banks have imposed a daily limit of 10 UPI payments. Once the daily limit has exceeded, you must try completing your transaction the next day or after 24 hours, if there is urgency then make your payment with some other bank account.

Error with beneficiary account

When sending money, it is highly recommended that you double-check the receiver’s bank account number as well as the phone number of the recipient’s bank before sending the money. Another scenario in which a transaction fails is when the user enters the wrong account number while sending money to the recipient.

Insufficient balance

In this circumstance, you might be trying to pay/send an amount that is more than the funds presently available in your bank account’s balance.

It is recommended that you check your account balance by tapping on the check balance icon on the app’s home screens to know the actual account balance.

The Kotak Mahindra Bank UPI works easily 24 x 7. However, if it fails at any time, try these possible fixes to get the immediate solution.