There are many ways to transfer funds. But all types of process have some limit. NEFT RTGS IMPS and UPI have different limits. Whenever you are transferring a large amount, you can choose any one according to you. In today’s article, we are going to tell you about UPI, IMPS, NEFT, RTGS Limit Per Day.
Comparison of NEFT, RTGS, IMPS, UPI
There is also an Online Transaction Limit for payment.
| Description | NEFT | RTGS | IMPS | UPI |
| Regulated by | RBI | RBI | NPCI | NPCI |
| Settlement Type | Half Hourly Batches | Immediate Settlement | Immediate Settlement | Immediate Settlement |
| Minimum Transfer | Rs.1 | Rs.2 lakh | Rs.1 | Rs.1 |
| Maximum Transfer | No Limit | No limit | Rs.2 lakh | Rs. 1 lakh |
| Payment options | Online and Offline | Online and Offline | Online | Online |
| Timings | In Batches- 24/7 | Weekdays: 9:00 AM – 4:30 PM | 24/7, 365 days | 24/7, 365 days |
| Charges | No Charges | Charges differ with bank and amount | No charges | NO charges |
NEFT Transaction Limit
The best and best way for NEFT fund transfer is through this you can send money 24 hours anytime and to anyone. There is no limit to send money through NEFT. You can send any amount from Rs.
IMPS Fund Transfer Limits
IMPS is a relatively new system through which you can send money to anyone instantly. You can use it online or through mobile banking very easily. For your information, let us tell you that this system is based on your mobile number. This system works 24 hours a day. With this you can send from 1 rupee to 2 lakh to anyone.
Transaction Limits of UPI
UPI is the smartest way to make payments in today’s time. You do not even need a bank account for this, UPI ID is enough to make the payment. You do not even need any kind of registration for this. To use it, your post must be mobile and UPI app must be installed. There are many UPI Apps available on Google Playstore, you can use any of them.
However, there is no minimum limit for transferring funds through UPI. You can send up to ₹1 lakh through UPI. This process is completely free and for this you will not have to pay any kind of transection card.
The most popular UPI apps include
- BHIM
- Phone Pay
- Google Pay
In today’s article, we told you about the different Funds Transfer Methods and their limits. Which will be helpful for you. If you have any question related to this, then definitely tell me by commenting.
