scorecardresearchAs IMPS transaction cap raised to ₹5 lakh, an overview of the rules governing

As IMPS transaction cap raised to 5 lakh, an overview of the rules governing

Updated: 14 Dec 2021, 03:32 PM IST
TL;DR.
After RBI raised the IMPS limit from 2 to 5 lakh, now transferring large funds to anyone with a bank account is just a click away
The facility of IMPS can be accessed on multiple payment channels such as mobile, internet, ATM and SMS.

The facility of IMPS can be accessed on multiple payment channels such as mobile, internet, ATM and SMS.