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Rs. 5 lakh per day
- SBI IMPS Limit: You can send up to Rs. 5 lakh per day with IMPS transactions. You will not be allowed to send more money.
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Learn about Immediate Payment Service (IMPS), an instant interbank fund transfer service through mobile phones and other channels. Find out the beneficiary details, transaction limits, charges, timings and other FAQs for IMPS.
SBI IMPS Limit: You can send up to Rs. 5 lakh per day with IMPS transactions. You will not be allowed to send more money. Timings for SBI IMPS. SBI IMPS timings are 24/7. You can initiate and receive IMPS transfers at any time in a week. It is better if outward remittances are done between 8 am and 8 pm. IMPS Charges SBI To Other Bank
- What is Interbank Mobile Payment Service (IMPS)? Inter-bank Mobile Payment Service is a new facility added to Mobile Banking Service. It facilitates funds transfer to an account of the beneficiary with a participating bank, based on beneficiary’s Mobile Number & MMID or Account No & IFSC.
- What is MMID? MMID is a 7 digit number allotted by your Bank for receiving funds through IMPS. The bank will allot MMID when you register your mobile number and account number in which you wish to receive funds.
- I wish to send money under IMPS? What are the basic requirements? You should be a registered user of Mobile Banking Service of the Bank. If you are not a user, please register yourself for mobile banking service.
- How to receive money under IMPS? Register yourself with your Bank for getting MMID. Send SMS “MMID < 11 digit Account number>” to 9223440000 to Generate MMID.
What are the timings for initiating and receiving IMPS remittances? IMPS transactions can be sent and received at any time and any day. There are no timing or holiday restrictions on IMPS remittances. If the transaction is not completed, will the customer get his / her money back? When? Yes.
Feb 2, 2022 · SBI has increased the free IMPS online transactions limit to ₹ 5 lakh and levied a service charge of ₹ 20 plus GST for transactions between ₹ 2 lakh and ₹ 5 lakh done through branches. For online transactions, no service charge will be applicable up to ₹ 5 lakh.
Jun 5, 2024 · According to the latest update from government bodies, the current daily IMPS limit is set to Rs. 5 lakh per day. This article covers all about Immediate Payment Service (IMPS), including IMPS charges, limits, timings, eligibility, etc.
Jan 3, 2022 · State Bank of India (SBI) has announced that it has increased the Immediate Payment Service (IMPS) limit for money transfers done at its bank branches. According to the SBI website, effective from February 1, 2022, a new slab for IMPS transactions has been added: Rs 2 lakh to Rs 5 lakh.
