What is fund transfer limit in bob World in imps/neft per day for customers

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	50000
B	200000
C	100000
D	500000

Explanation:

Detailed explanation-1: -2 lakhs through IMPS? For IMPS, the transaction limit set by the Bank of Baroda is Rs. 50, 000 per day and Rs. 2.5 lakhs per month.

Detailed explanation-2: -IMPS service is used to transfer funds within INDIA with denominations of INR only. As per NPCI circular, the maximum amount that can transferred is Rs 2 Lakhs per transaction. Any transaction more than Rs 2 Lakhs will not get processed and will be credited back into your account.

Detailed explanation-3: -(a) Inward transactions – Free, no charge to be levied. (b) Outward transactions 2 lakh to 5 lakh not exceeding 30 per transaction; Above 5 lakh – not exceeding 55 per transaction.

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