As per the set guidelines, there is no minimum limit on IMPS transfers. However, there is a maximum transfer limit via IMPS that varies from one bank to another. Here are the IMPS transfer limits of some leading banks.
1. HDFC Bank IMPS Fund Transfer Limit
IMPS Money Transfer Limit Using Account Number and IFSC Code:
IMPS upper limit (per transaction) | ₹5 Lakhs |
IMPS transfer limit (per day) | As per the set Third-Party Transfer (TPT) limits |
IMPS Money Transfer Limit Using MMID (Mobile Money Identifier) Code:
Maximum limit on IMPS transfer through net banking | ₹5,000 per day per Customer ID |
IMPS amount transfer limit for mobile banking | ₹5,000 per day per Customer ID |
Note: Limit of ₹5,000 applies on transactions from individual channels.
IMPS Payment Limit Using USSD (Unstructured Supplementary Service Data) Code:
Maximum limit for fund transfer using MMID | ₹1,000 |
Maximum limit for fund transfer using Account number | ₹1,000 |
2. Axis Bank IMPS Transaction Limit
IMPS maximum limit (per transaction) | ₹5 Lakhs |
IMPS limit (per day) | As per the set Third-Party Transfer (TPT) limit |
3. ICICI Bank IMPS Limit
Minimum Limit (iMobile) | Account number + IFSC | ₹1 |
Mobile number + MMID | ₹1 | |
Minimum Limit (Internet Banking) | Account number + IFSC | ₹1 |
Mobile number + MMID | ₹1 | |
Maximum Limit (iMobile) | Account Number + IFSC | ₹2 Lakhs |
Mobile number + MMID | ₹10,000 | |
Maximum Limit (Internet Banking) | Account Number + IFSC | ₹2 Lakhs |
Mobile number + MMID | ₹10,000 |
4. SBI IMPS Limit
Maximum Limit | ₹5 Lakhs |
5. RBL Bank IMPS Limit
Maximum IMPS Limit | ₹2 Lakhs |
Before initiating an IMPS fund transfer, checking the transfer limits set by your bank is prudent. Additionally, you must familiarise yourself with all essential steps to ensure a smooth and successful fund transfer through the IMPS system.
In addition to IMPS, you have the option to useNEFTorRTGSto transfer money from one bank account to another. TheRTGS transferlimit andRTGS feesand charges may be different from that of IMPS.
The same holds good in the case of NEFT transfer limitandNEFT fees. You can check out the difference betweenIMPS vs NEFT vs RTGSand select the fund transfer mode that suits you best!
