Hey,
If you are looking to make a payment through IMPS, then one question that must have come to your mind would be “how much amount can be transferred through IMPS”. As you must know, one is required to transfer funds within the set IMPS transfer limit. I have availed the IMPS facility of different banks, so I can tell you that the IMPS limit depends on the policy of the respective bank.
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Maximum Amount Transfer through IMPS in Top Banks
There isn’t any minimum limit on IMPS transfers as per the set guidelines. However, there is a maximum transfer limit via IMPS that varies from one bank to another.
Axis Bank IMPS maximum limit(per transaction): ₹2 lakh. The IMPS limit (per day) is as per the set TPT (3rd-Party Transfer) limit
Citibank IMPS IMPS maximum limit per day: ₹5 lakh
ICICI Bank IMPS Maximum Limit(iMobile and Internet Banking): ₹5 lakh (for Account Number + IFSC) and ₹10,000 (for Mobile number + MMID)
SBI Bank IMPS Maximum Limit: ₹5 lakh
RBL Bank Maximum IMPS Limit: ₹3 lakh
HDFC Bank IMPS Fund Transfer LimitIMPS upper limit (per transaction) Using Account Number and IFSC Code |
₹5 lakh |
IMPS transfer limit (per day) Using Account Number and IFSC Code |
As per the set Third-Party Transfer (TPT) limits |
Maximum limit on IMPS transfer through net banking Using MMID code |
₹5,000 per day per Customer ID |
IMPS amount transfer limit for mobile banking Using MMID code |
₹5,000 per day per Customer ID |
A limit of ₹5,000 is applicable on transactions from individual channels.
Maximum limit for fund transfer using Account number (Using USSD Code) |
₹1,000 |
Maximum limit for fund transfer using MMID (Using USSD Code) |
₹1,000 |
Read more:
How much time it takes for IMPS transfer?
How to do IMPS?
What is charge of IMPS money transfer?
I hope I cleared your doubts regarding how much amount can be transferred through IMPS.
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Authors Of The Question
How much amount can be transferred through IMPS?
Chirag
437 Views
1 Answers
2 Year
2022-08-08T11:32:46+00:00 2022-08-08T18:02:10+00:00Comment
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