What is the maximum amount of Fund Transfer per day can be done through IMPS without Beneficiary registration:

BANKING GENERAL KNOWLEDGE

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

A	Rs. 25000
B	Rs. 50000
C	Rs. 2 lakh
D	Rs. 5 lakh

Explanation:

Detailed explanation-1: -6) You can transfer a maximum on Rs. 1, 00, 000 in a day on Mobile Banking & Rs. 50, 000 on Net Banking without adding beneficiary.

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: -Key Takeaways. Every Bank has a maximum IMPS transfer limit of INR 2 lakhs per transaction. The IMPS limit may vary from bank to bank when initiated via different methods like MMID or USSD.

Detailed explanation-4: -There is no limit or maximum amount for NEFT Transactions. However, each bank may have certain specified limits for their NEFT services. For example, HDFC Bank has an NEFT Transfer Limit of Rs. 25 Lakhs per day per customer ID if the transaction is done through online mode.

Detailed explanation-5: -IMPS window is always open. Minimum transfer amount is ₹1. Maximum transfer limit is ₹2, 00, 000 per transaction subject to a maximum limit of ₹20, 00, 000.

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