#immediate payment service

[netionaldastak]

SBI enhances IMPS transaction limit to ₹5 lakh

SBI enhances IMPS transaction limit to ₹5 lakh

State Bank of India (SBI) has enhanced the limit on Immediate Payment Service (IMPS) transactions from ₹2lakh to ₹5 lakh with nil charges on transactions via digital channels – internet banking/mobile banking, including YONO. The enhancement in the IMPS limit comes in the wake of the Reserve Bank of India’s announcement on October 8, 2021, that the per transaction limit for IMPS transactions…

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[margblog]

Immediate Payment Service (IMPS) is a 24*7 service that provides an instant interbank fund transfer electronically across India. Know more about What is IMPS Fund Transfer, Payments, Timings & the Limit.

[amitbchoudhury]

UPI payments hit all-time high of 1.34 bn transactions in June

UPI payments hit all-time high of 1.34 bn transactions in June

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NEW DELHI: Payments on Unified Payments Interface (UPI) in June hit an all-time high of 1.34 billion in terms of volume with transactions worth nearly Rs 2.62 lakh crore, as per National Payments Corporation of India (NPCI) data.

On a month-on-month basis it registered a 8.94 per cent growth from 1.23 billion in May.

UPI payments had fell to 999.57 million in terms of volume with…

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[vijayabank]

Online Money Transfer