diff --git a/packages/p2p-v2/src/components/Modals/AvailableP2PBalanceModal/AvailableP2PBalanceModal.tsx b/packages/p2p-v2/src/components/Modals/AvailableP2PBalanceModal/AvailableP2PBalanceModal.tsx
index f6cffebad4c3..5a9e4c42a71c 100644
--- a/packages/p2p-v2/src/components/Modals/AvailableP2PBalanceModal/AvailableP2PBalanceModal.tsx
+++ b/packages/p2p-v2/src/components/Modals/AvailableP2PBalanceModal/AvailableP2PBalanceModal.tsx
@@ -21,6 +21,7 @@ const AvailableP2PBalanceModal = ({ isModalOpen, onRequestClose }: TAvailableP2P
             onRequestClose={onRequestClose}
             shouldCloseOnOverlayClick={false}
             style={customStyles}
+            testId='dt_p2p_v2_available_p2p_balance_modal'
         >
             <Text as='p' weight='bold'>
                 Available Deriv P2P Balance
diff --git a/packages/p2p-v2/src/components/Modals/DailyLimitModal/DailyLimitModal.tsx b/packages/p2p-v2/src/components/Modals/DailyLimitModal/DailyLimitModal.tsx
index 2a4cff65ea1e..13d3ec501605 100644
--- a/packages/p2p-v2/src/components/Modals/DailyLimitModal/DailyLimitModal.tsx
+++ b/packages/p2p-v2/src/components/Modals/DailyLimitModal/DailyLimitModal.tsx
@@ -81,6 +81,7 @@ const DailyLimitModal = ({ currency, isModalOpen, onRequestClose }: TDailyLimitM
         // TODO: below modal will be rewritten to use @deriv/ui modal
         <Modal
             className='p2p-v2-daily-limit-modal'
+            data-testid='dt_p2p_v2_daily_limit_modal'
             isOpen={isModalOpen}
             onRequestClose={onRequestClose}
             style={customStyles}
diff --git a/packages/p2p-v2/src/pages/my-profile/screens/MyProfileBalance/MyProfileBalance.tsx b/packages/p2p-v2/src/pages/my-profile/screens/MyProfileBalance/MyProfileBalance.tsx
index c463dad2af64..6f4fbc9621d3 100644
--- a/packages/p2p-v2/src/pages/my-profile/screens/MyProfileBalance/MyProfileBalance.tsx
+++ b/packages/p2p-v2/src/pages/my-profile/screens/MyProfileBalance/MyProfileBalance.tsx
@@ -12,7 +12,6 @@ const MyProfileBalance = () => {
     const { data: advertiserInfo } = useAdvertiserStats();
     const { data: activeAccount } = useActiveAccount();
     const { isDesktop } = useDevice();
-    const [shouldShowDailyLimitModal, setShouldShowDailyLimitModal] = useState(false);
     const [shouldShowAvailableBalanceModal, setShouldShowAvailableBalanceModal] = useState(false);
 
     const currency = activeAccount?.currency || 'USD';
@@ -44,19 +43,15 @@ const MyProfileBalance = () => {
                 isModalOpen={shouldShowAvailableBalanceModal}
                 onRequestClose={() => setShouldShowAvailableBalanceModal(false)}
             />
-            <DailyLimitModal
-                currency={currency}
-                isModalOpen={shouldShowDailyLimitModal}
-                onRequestClose={() => setShouldShowDailyLimitModal(false)}
-            />
             <div className='p2p-v2-my-profile-balance'>
-                <div className='p2p-v2-my-profile-balance__amount'>
+                <div className='p2p-v2-my-profile-balance__amount' data-testid='dt_p2p_v2_available_balance_amount'>
                     <div>
                         <Text color='less-prominent' size={isDesktop ? 'sm' : 'xs'}>
                             Available Deriv P2P Balance
                         </Text>
                         <LabelPairedCircleInfoMdRegularIcon
                             className='cursor-pointer fill-gray-400'
+                            data-testid='dt_p2p_v2_available_balance_icon'
                             onClick={() => setShouldShowAvailableBalanceModal(true)}
                         />
                     </div>
@@ -70,7 +65,7 @@ const MyProfileBalance = () => {
                             <div className='p2p-v2-my-profile-balance__item' key={type}>
                                 <Text size={isDesktop ? 'sm' : 'xs'}>{type}</Text>
                                 <div className='p2p-v2-my-profile-balance__item-limits'>
-                                    <div>
+                                    <div data-testid={`dt_p2p_v2_profile_balance_daily_${type.toLowerCase()}_limit`}>
                                         <Text color='less-prominent' size={isDesktop ? 'sm' : 'xs'}>
                                             Daily limit
                                         </Text>
@@ -82,7 +77,9 @@ const MyProfileBalance = () => {
                                             {dailyLimit}
                                         </Text>
                                     </div>
-                                    <div>
+                                    <div
+                                        data-testid={`dt_p2p_v2_profile_balance_available_${type.toLowerCase()}_limit`}
+                                    >
                                         <Text color='less-prominent' size={isDesktop ? 'sm' : 'xs'}>
                                             Available
                                         </Text>
diff --git a/packages/p2p-v2/src/pages/my-profile/screens/MyProfileBalance/__tests__/MyProfileBalance.spec.tsx b/packages/p2p-v2/src/pages/my-profile/screens/MyProfileBalance/__tests__/MyProfileBalance.spec.tsx
new file mode 100644
index 000000000000..6ea017021918
--- /dev/null
+++ b/packages/p2p-v2/src/pages/my-profile/screens/MyProfileBalance/__tests__/MyProfileBalance.spec.tsx
@@ -0,0 +1,123 @@
+import React from 'react';
+import { APIProvider } from '@deriv/api';
+import { render, screen, within } from '@testing-library/react';
+import userEvent from '@testing-library/user-event';
+import MyProfileBalance from '../MyProfileBalance';
+
+const wrapper = ({ children }: { children: JSX.Element }) => (
+    <APIProvider>
+        <div id='v2_modal_root' />
+        {children}
+    </APIProvider>
+);
+
+let mockUseAdvertiserStats = {
+    data: {
+        balance_available: 50000,
+        daily_buy_limit: 500,
+        daily_sell_limit: 500,
+        dailyAvailableBuyLimit: 10,
+        dailyAvailableSellLimit: 10,
+        fullName: 'Jane Doe',
+        isEligibleForLimitUpgrade: false,
+        name: 'Jane',
+        show_name: 0,
+    },
+    isLoading: false,
+};
+const mockUseActiveAccount = {
+    data: {
+        currency: 'USD',
+    },
+    isLoading: false,
+};
+
+jest.mock('@/hooks', () => ({
+    ...jest.requireActual('@/hooks'),
+    useAdvertiserStats: jest.fn(() => mockUseAdvertiserStats),
+}));
+
+jest.mock('@deriv/api', () => ({
+    ...jest.requireActual('@deriv/api'),
+    useActiveAccount: jest.fn(() => mockUseActiveAccount),
+}));
+
+describe('MyProfileBalance', () => {
+    it('should render the correct balance', () => {
+        render(<MyProfileBalance />, { wrapper });
+        const availableBalanceNode = screen.getByTestId('dt_p2p_v2_available_balance_amount');
+        expect(within(availableBalanceNode).getByText('50,000.00 USD')).toBeInTheDocument();
+
+        const balanceInfoIcon = screen.getByTestId('dt_p2p_v2_available_balance_icon');
+        userEvent.click(balanceInfoIcon);
+        expect(screen.getByTestId('dt_p2p_v2_available_p2p_balance_modal')).toBeInTheDocument();
+        const okButton = screen.getByRole('button', {
+            name: 'Ok',
+        });
+        userEvent.click(okButton);
+        expect(screen.queryByTestId('dt_p2p_v2_available_p2p_balance_modal')).not.toBeInTheDocument();
+    });
+
+    it('should render the correct limits', () => {
+        mockUseAdvertiserStats = {
+            data: {
+                ...mockUseAdvertiserStats.data,
+                daily_buy_limit: 500,
+                daily_sell_limit: 2000,
+                dailyAvailableBuyLimit: 100,
+                dailyAvailableSellLimit: 600,
+            },
+            isLoading: false,
+        };
+        render(<MyProfileBalance />, { wrapper });
+        const dailyBuyLimitNode = screen.getByTestId('dt_p2p_v2_profile_balance_daily_buy_limit');
+        expect(within(dailyBuyLimitNode).getByText('500 USD')).toBeInTheDocument();
+        const availableBuyLimitNode = screen.getByTestId('dt_p2p_v2_profile_balance_available_buy_limit');
+        expect(within(availableBuyLimitNode).getByText('100.00 USD')).toBeInTheDocument();
+
+        const dailySellLimitNode = screen.getByTestId('dt_p2p_v2_profile_balance_daily_sell_limit');
+        expect(within(dailySellLimitNode).getByText('2000 USD')).toBeInTheDocument();
+        const dailyAvailableSellLimit = screen.getByTestId('dt_p2p_v2_profile_balance_available_sell_limit');
+        expect(within(dailyAvailableSellLimit).getByText('600.00 USD')).toBeInTheDocument();
+    });
+    it('should render eligibility for daily limit upgrade', () => {
+        mockUseAdvertiserStats = {
+            data: {
+                ...mockUseAdvertiserStats.data,
+                isEligibleForLimitUpgrade: true,
+            },
+            isLoading: false,
+        };
+        render(<MyProfileBalance />, { wrapper });
+        expect(screen.getByTestId('dt_p2p_v2_profile_daily_limit')).toBeInTheDocument();
+
+        const openDailyLimitModalBtn = screen.getByRole('button', {
+            name: 'Increase my limits',
+        });
+        userEvent.click(openDailyLimitModalBtn);
+        const hideDailyLimitBtn = screen.getByRole('button', {
+            name: 'No',
+        });
+        userEvent.click(hideDailyLimitBtn);
+        expect(screen.queryByTestId('dt_p2p_v2_daily_limit_modal')).not.toBeInTheDocument();
+    });
+    it('should render the correct default values', () => {
+        mockUseAdvertiserStats = {
+            // @ts-expect-error To clear the mocked values and assert the default values
+            data: {},
+            isLoading: false,
+        };
+        render(<MyProfileBalance />, { wrapper });
+        const availableBalanceNode = screen.getByTestId('dt_p2p_v2_available_balance_amount');
+        expect(within(availableBalanceNode).getByText('0.00 USD')).toBeInTheDocument();
+        const dailyBuyLimitNode = screen.getByTestId('dt_p2p_v2_profile_balance_daily_buy_limit');
+        expect(within(dailyBuyLimitNode).getByText('0.00 USD')).toBeInTheDocument();
+        const availableBuyLimitNode = screen.getByTestId('dt_p2p_v2_profile_balance_available_buy_limit');
+        expect(within(availableBuyLimitNode).getByText('0.00 USD')).toBeInTheDocument();
+
+        const dailySellLimitNode = screen.getByTestId('dt_p2p_v2_profile_balance_daily_sell_limit');
+        expect(within(dailySellLimitNode).getByText('0.00 USD')).toBeInTheDocument();
+        const dailyAvailableSellLimit = screen.getByTestId('dt_p2p_v2_profile_balance_available_sell_limit');
+        expect(within(dailyAvailableSellLimit).getByText('0.00 USD')).toBeInTheDocument();
+    });
+});
diff --git a/packages/p2p-v2/src/pages/my-profile/screens/MyProfileDailyLimit/MyProfileDailyLimit.tsx b/packages/p2p-v2/src/pages/my-profile/screens/MyProfileDailyLimit/MyProfileDailyLimit.tsx
index 6860f1923efa..f42f32389e49 100644
--- a/packages/p2p-v2/src/pages/my-profile/screens/MyProfileDailyLimit/MyProfileDailyLimit.tsx
+++ b/packages/p2p-v2/src/pages/my-profile/screens/MyProfileDailyLimit/MyProfileDailyLimit.tsx
@@ -13,7 +13,7 @@ const MyProfileDailyLimit = () => {
 
     return (
         <>
-            <div className='p2p-v2-my-profile-daily-limit'>
+            <div className='p2p-v2-my-profile-daily-limit' data-testid='dt_p2p_v2_profile_daily_limit'>
                 <Text color='less-prominent' lineHeight='sm' size='xs'>
                     Want to increase your daily limits to{' '}
                     <Text color='less-prominent' lineHeight='sm' size='xs' weight='bold'>