Explanation:

Let’s break it down:

- Option 1: Rs. 10,000

This is actually the per transaction limit for the BHIM app, not the daily limit.

- Option 2: Rs. 15,000

This isn’t the standard daily cap.

- Option 3: Rs. 20,000

Nope, not the right daily ceiling either.

- Option 4: Rs. 40,000

That’s not correct, even though it sounds like a reasonable number.

- Option 5: Rs. 50,000

This is the correct maximum daily limit for BHIM app transactions. You can send up to Rs. 50,000 in total per day.

What this really means is: you can make individual transactions up to Rs. 10,000 each, but all those transactions combined in a day should not cross Rs. 50,000.