Immediate Payment Service, or IMPS, refers to the fund transfer system that is operated and managed by the National Payments Corporation of India (NPCI). It is available 24 hours, seven days a week, even on bank holidays. IMPS allows the immediate transfer of funds from one account to another electronically. It is safe and secure and can be initiated online. However, you must transfer funds within the set IMPS transfer limit. The IMPS limit depends on the respective bank’s policy and can range anywhere between ₹10,000 and ₹2 lakh.
ON THIS PAGE: IMPS Transfer Limit Types | IMPS Limit of Top Banks | FAQs
To understand how much money can be transferred through IMPS, you must be aware of the various types of limits applicable:
IMPS Minimum Limit: This refers to the minimum amount of money you must transfer using the IMPS fund transfer service. There is no set minimum IMPS amount limit. As a result, you can transfer as low as ₹1 using IMPS.
IMPS Maximum Limit: This refers to the maximum amount you can transfer through IMPS. Your transaction amount should be within the set limit for IMPS as decided by your bank.
IMPS Limit Per Day: This refers to the per day limit for IMPS transfers which is set by individual banks.
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 bank to bank.
IMPS upper limit (per transaction) |
₹5 lakh |
IMPS transfer limit (per day) |
As per the set Third-Party Transfer (TPT) limits |
Maximum limit on IMPS transfer through netbanking |
₹5,000 per day per Customer ID |
IMPS amount transfer limit for mobile banking |
₹5,000 per day per Customer ID |
Limit of ₹5,000 applies on transactions from individual channels.
Maximum limit for fund transfer using MMID |
₹1,000 |
Maximum limit for fund transfer using Account number |
₹1,000 |
IMPS maximum limit (per transaction) |
₹2 lakh |
IMPS limit (per day) |
As per the set Third-Party Transfer (TPT) 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 |
₹5 lakh |
Mobile number + MMID |
₹10,000 |
|
Maximum Limit (Internet Banking) |
Account Number + IFSC |
₹5 lakh |
Mobile number + MMID |
₹10,000 |
Maximum Limit |
₹5 lakh |
Maximum IMPS Limit |
₹3 lakh |
It is wise to check the limit set by your bank before opting for an IMPS fund transfer. Also, you should take a look at the steps you need to follow to ensure a successful money transfer through IMPS.
Apart from IMPS, you can also use NEFT or RTGS to transfer money from one account to another. The RTGS transfer limit and RTGS fees and charges will, however, be different from that of IMPS, and so will be the NEFT transfer limit and NEFT fees and charges. You can check out the difference between IMPS vs NEFT vs RTGS and select the mode that suits you best!
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There is no IMPS minimum limit. However, there could be a maximum IMPS limit set by your bank. You can check the IMPS transfer limit of your bank before initiating a transaction. In most cases, the IMPS transfer limit varies between ₹10,000 and ₹5 lakh.
You can do as many IMPS transactions as you like as long as you do not exceed your set Third-Party Transfer (TPT) limit.
The IMPS maximum limit varies from one bank to another. However, most banks have the IMPS limit capped at ₹5 lakh per day.