IMPS (Immediate Payment Service) is one of the most widely used instant fund transfer systems in India. Whether you’re sending emergency funds at night or transferring business payments on a holiday, IMPS works 24×7.
The maximum IMPS limit allowed by RBI/NPCI is generally ₹5 lakh per transaction and per day. However, individual banks may set lower or higher internal caps depending on account type and channel used.
Let’s understand IMPS minimum limit, maximum limit, daily limit, charges, and bank-wise rules in detail.
⭐ What is the IMPS Limit?
The IMPS limit refers to the maximum and minimum amount you can transfer using Immediate Payment Service.
- ✔ Maximum IMPS limit: Up to ₹5 lakh per transaction
- ✔ Daily IMPS limit: Generally ₹5 lakh
- ✔ Minimum IMPS limit: Usually ₹1
However, limits vary depending on:
- Bank policy
- Customer category
- Mobile vs Net Banking channel
- Newly added beneficiary rules
⭐ What is the IMPS Daily Limit?
The Reserve Bank of India increased the IMPS daily transfer limit from ₹2 lakh to ₹5 lakh to accommodate higher-value real-time transactions.
Key Points:
- ₹5 lakh per day is the standard upper limit
- Some banks restrict new beneficiaries for 24 hours
- Corporate accounts may have higher TPT (Third Party Transfer) limits
Even though NPCI allows ₹5 lakh, your bank may cap it at ₹2 lakh or ₹3 lakh depending on your profile.
⭐ What is the IMPS Minimum Limit?
The minimum IMPS transfer amount is typically:
👉 ₹1
Some banks may require a minimum amount like ₹100 or ₹1,000 for specific channels (especially SMS or ATM transfers).
For small urgent payments, IMPS is ideal because it allows even very small transfers.
⭐ What is the IMPS Maximum Limit?
The maximum IMPS limit per transaction per day is:
👉 ₹5,00,000
Important things to note:
- Limit applies per transaction and per day
- Some banks allow higher daily cumulative limits
- P2P transfers (mobile + MMID) usually have lower caps
Always check your bank’s current IMPS cap inside your mobile banking app.
⭐ IMPS P2A vs P2P Limit
IMPS transactions are broadly of two types:
🔹 IMPS P2A (Person to Account)
- Uses Account Number + IFSC
- Higher limits
- Suitable for regular bank transfers
Limit: Up to ₹5 lakh per transaction
🔹 IMPS P2P (Person to Person)
- Uses Mobile Number + MMID
- Lower fraud-risk limit
- Used for small instant transfers
Limit: ₹5,000 to ₹25,000 (bank dependent)
⭐ IMPS Transfer Time
IMPS works:
✔ 24 hours
✔ 7 days a week
✔ Including public holidays
Funds are credited instantly after approval.
In rare cases:
- Failed transactions may auto-reverse within minutes
- If pending, reversal can take up to 5 working days
IMPS remains one of the fastest digital payment methods in India.
⭐ IMPS Transaction Charges
IMPS charges vary bank to bank.
Typical Charges:
- ₹0 to ₹15 per transaction + GST
- Many banks offer free IMPS for savings accounts
Charges may depend on:
- Transfer amount
- Channel (ATM / Branch / Online)
- Account type
Always confirm charges inside your bank app before large transfers.
⭐ How to Increase IMPS Per Day Limit?
If your current IMPS limit is lower than ₹5 lakh, you can:
- Log in to internet banking
- Visit “Transfer Limit Settings”
- Request enhancement
- Complete OTP verification
Some banks may require branch request for limit increase.
Approval depends on:
- Account history
- KYC status
- Risk assessment
⭐ IMPS Transfer Limit – Top Indian Banks
Below is a general overview of IMPS limits in major banks (subject to change).
| Bank | Minimum Limit | Maximum Limit |
|---|---|---|
| State Bank of India | No minimum | ₹5 lakh per day (TPT up to ₹25 lakh) |
| HDFC Bank | No minimum | ₹5 lakh per day (TPT as per customer setting) |
| Axis Bank | No minimum | ₹5 lakh per day |
| ICICI Bank | ₹1 | ₹5 lakh per transaction (daily higher for some users) |
| RBL Bank | ₹1 | ₹5 lakh per day |
| IndusInd Bank | ₹1 | ₹50,000 per day |
Note: Bank policies change frequently. Always verify with your bank.
⭐ IMPS vs NEFT vs RTGS (Limit Comparison)
If you are confused about which payment method to use, here is a quick comparison:
| Feature | IMPS | NEFT | RTGS |
|---|---|---|---|
| Minimum Limit | ₹1 | ₹1 | ₹2 lakh |
| Maximum Limit | ₹5 lakh | No limit | No limit |
| Speed | Instant | Batch-based | Real-time |
| Availability | 24×7 | 24×7 | 24×7 |
For a complete comparison, read Differences between NEFT, RTGS and IMPS.
⭐ Common Issues Related to IMPS Limit
Here are situations where transfers fail:
❌ Exceeding daily limit
❌ Newly added beneficiary restriction
❌ Incorrect IFSC or account number
❌ Bank-imposed security caps
❌ SMS channel lower limits
Always check remaining daily transfer quota before sending large amounts.
🔚 Conclusion
IMPS is one of India’s most efficient and reliable instant fund transfer systems. With a standard maximum limit of ₹5 lakh per day and a minimum limit as low as ₹1, it caters to both small and high-value urgent transfers.
Although RBI permits up to ₹5 lakh, banks may apply their own limits. Always check your bank’s current IMPS cap, especially before making large transactions.
For more clear and practical banking guides, visit Sarkari Bakery.