IMPS daily transaction limit increased to ₹5 lakh from ₹2 lakh
Immediate Payment Service Transaction Limit to be increased from ₹2 Lakh to ₹5 Lakh considering the importance of IMPS, which enables instant domestic 24*7 fund transfer and This will lead to further increase in digital payments and will provide an additional facility to customers for making digital payments beyond ₹2 lakh.
Did you Know
IMPS is an important payment system providing 24x7 instant domestic funds transfer