IMPS

New IMPS Rules Coming Into Effect Tomorrow: Check How Sending Money Will Get Simpler

Now, users can transfer funds using just a mobile number and the recipient's bank account name.

Jan 31, 2024, 17:03 PM IST

UCO Bank Fraud: Two Engineers Transfer 820 Crore INR From 7 Private Banks

Uco Bank filed a complaint with the CBI, alleging that two sports engineers working in the bank transferred 820 crore INR from seven private banks to their bank accounts between November 10, 2023, and November 13, 2023.

Dec 05, 2023, 19:03 PM IST

UCO Bank Net Banking Update: Online IMPS Transfers Stopped Temporarily

UCO Bank said that all other critical systems are operational and available, however could not ascertain the financial impact, if any, due the glitch.

Nov 16, 2023, 12:09 PM IST

What Is New IMPS Money Transfer Rule By Which You Can Send Upto Rs 5 Lakh With Mobile Number And Bank Name?

There are lots of money transfer channels in the country. IMPS is one of them. Continue reading to know about it.

Oct 17, 2023, 15:28 PM IST

SBI Big Update: IMPS charges to change from next month; check new rate

SBI bank has announced that users won’t have to pay service charges on digital Immediate Payment Service (IMPS) transactions worth up to Rs 5 lakh, starting from February 1, 2022.

Jan 28, 2022, 17:17 PM IST

SBI transaction rules changing from next month --All you want to know

SBI has enhanced the limit on IMPS transactions from Rs 2 lakh upto Rs 5 lakh.

Jan 14, 2022, 12:29 PM IST

Check SBI’s service charges on IMPS, NEFT and RTGS transactions– See complete chart here

Though SBI will charge customers along with GST on IMPS through bank branches from next month, there will be no charges on transactions through Digital Channels.

Jan 05, 2022, 15:22 PM IST

SBI customers alert! You will have to pay more for IMPS transaction from THIS date --Check transaction limit and other details

The SBI website reads that the bank will charge you Rs 20 + GST, for IMPS transactions between Rs 2 lakh and Rs 5 lakh.

Jan 04, 2022, 15:01 PM IST

Transferring money online? Here’s everything you need to know about IMPS, NEFT, RTGS and more

The National Payments Corporation of India is in charge of the Immediate Payment Service (IMPS).

Oct 25, 2021, 19:58 PM IST

IMPS vs RTGS vs NEFT: What is the difference between these online funds transfers and minimum amount of transaction?

Since July 2019, RBI stopped levying charges on transactions through NEFT and RTGS, with an aim to promote digital transactions in the country.

Oct 08, 2021, 12:20 PM IST

Big banking update! IMPS daily transaction limit increased from Rs 2 lakh to Rs 5 lakh

Immediate Payment Service (IMPS) offers instant domestic funds transfer facility 24x7 through various channels.

Oct 08, 2021, 11:05 AM IST

NEFT not working? Here’s how you can still transfer money online

The RBI had urged banks to ensure that their customers are aware of the temporary blackout of the NEFT services.

May 23, 2021, 08:23 AM IST

Yes Bank account holders can pay their loans, credit card dues using NEFT, IMPS

The moratorium on withdrawals and difficulty in withdrawing amounts from bank ATMs and branches has put the customers in a lot of difficulties.

Mar 10, 2020, 17:15 PM IST

Digital payments up, debit card use declines: Report

According to the report, the usage of debit card has been weak and the total debit card transactions have seen a modest decline -- both in terms of value and volume.

Sep 25, 2017, 16:35 PM IST

NPCI hits 1 billion transaction mark in July

He said highest growth has been seen in the mobile payments and Aadhaar-based payments.

Aug 04, 2017, 16:14 PM IST

SBI reduces NEFT, RTGS charges up to 75%

After lowering the Immediate Payment Service (IMPS) charges, the State Bank of India (SBI) on Thursday reduced charges for National Electronic Funds Transfer (NEFT) and Real Time Gross Settlement (RTGS) transactions upto 75 percent effective July 15.

Jul 13, 2017, 12:43 PM IST

SBI revises IMPS fund transfer charges- know details here

Country's largest bank SBI has waived charges for fund transfer of up to Rs 1,000 through its IMPS (Immediate Payment Service) to promote small transactions.

Jul 12, 2017, 14:04 PM IST

HDFC Bank launches its UPI on Chillr

Launch of HDFC Bank`s UPI on Chillr will benefit customers of 44 banks that will now be able to conduct digital transactions seamlessly using the Chillr app.

Apr 07, 2017, 16:47 PM IST

Demonetisation: Govt limits charges on electronic fund transfer

In order to further promote digital and card payments, Finance Ministry on Wednesday directed all public sector banks(PSBs) not to charge fees for transactions settled on IMPS and UPI in excess of rates charged for NEFT for transactions above Rs 1000, with service tax being charged at actual.

Dec 21, 2016, 16:04 PM IST