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SBI bank account holders alert! IMPS transaction limit, charges to change: Check all details

SBI introduced some new charges for IMPS transactions via the offline mode. Customers who go to the bank to make transfers will have to pay these charges.

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IMPS transaction limit raised to Rs 5 lakh; framework for retail digital payments in offline modes soon: Shaktikanta Das

The RBI Governor said that this move was important as IMPS plays an important role in instant domestic fund transfers while ensuring consumer convenience at the same time.

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IMPS Transaction Limit News: Reserve Bank of India Proposes To Increase Limit On IMPS Transaction To Rs 5 Lakh

RBI proposed to increase limit on Immediate Payment Service (IMPS) transaction to Rs 5 lakh per transaction from Rs 2 lakh.

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