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NEFT/RTGS/IMPS Charges, Timings, Limits

As per RBI guidelines, Real-Time Gross Settlement (RTGS) is available 24x7 with effect from Dec 14, 2020.

 

Immediate Payment Service (IMPS) - Applicable for NRIs as well

Transaction Limits/Timing IMPS (24x7x365)
iMobile Internet Banking
Account number + IFSC Mobile number + MMID Account number + IFSC Mobile number + MMID
Minimum ₹ 1 ₹ 1 ₹ 1 ₹ 1
Maximum ₹ 5 lakh ₹ 10,000 ₹ 5 lakh ₹ 10,000


*Upto ₹5 lakhs per transaction for IMPS (₹20 Lakhs per day through iMobile Pay)

 

NEFT (Internet banking and iMobile) - Applicable for NRIs as well
 

Transaction Limits/Timing 01.00 hrs – 19.00 hrs 00.00 hrs – 01.00 hrs
and
19.00 hrs – 00.00 hrs
2nd & 4th Saturday, Sunday & RTGS Holidays
Minimum ₹ 1 ₹ 1 ₹ 1
Maximum ₹ 10 lakh or ₹ 1 crore (based on customer segment) ₹ 2 Lakh ₹ 2 Lakh

 

RTGS (Internet Banking) - Applicable for NRIs as well

Transaction Limits/Timing 01:00 hours – 19:00 hours 19:00 hours – 00:00 hours and 00:00 hours – 01:00 hours 2nd and 4th Saturday, Sunday and Bank holidays
Minimum Rs 2 lakh Rs 2 lakh Rs 2 lakh
Maximum Rs 10 lakh or Rs 1 crore (based on customer segment) Rs 10 lakh Rs 10 lakh

 

RTGS (iMobile) - Applicable for NRIs as well

Transaction Limits/Timing 01.00 hrs – 19.00 hrs 19:00 hours – 00:00
and
00:00 hours-01:00 hours
2nd and 4th Saturday, Sunday and Bank holidays
Minimum ₹ 2 lakh ₹ 2 lakh ₹ 2 lakh
Maximum ₹ 20 lakh ₹ 10 lakh ₹ 10 lakh

 

CIB, Instabiz & API Banking NEFT - Limits are at user level

Limits 01:00 hrs – 19:00 hrs 00:00 hrs – 01:00 hrs and 19:00 hrs – 00:00 hrs 2nd & 4th Saturday, Sunday & Holidays
Total transaction Amount Existing Workflow limit mapped to Corporate Maximum ₹ 10 Lakh Maximum ₹ 10 Lakh

 

CIB, Instabiz & API Banking RTGS

Limits 01:00 hrs – 19:00 hrs 00:00 hrs – 01:00 hrs and 19:00 hrs – 00:00 hrs 2nd & 4th Saturday, Sunday & Holidays
Total transaction Amount Existing Workflow limit mapped to Corporate Maximum ₹ 1 Crore Maximum ₹ 1 Crore

 

Transaction Charges NEFT Charges (At Branch) RTGS Charges (At Branch) IMPS
Amounts upto ₹ 10,000 ₹ 2.25 + Applicable GST Not Applicable ₹ 3.5 + Applicable GST
Amounts above ₹ 10,000 and upto ₹ 1 lakh ₹ 4.75 + Applicable GST Not Applicable ₹ 5 + Applicable GST
Amounts above ₹ 1 lakh and upto ₹ 2 lakh ₹ 14.75 + Applicable GST Not Applicable ₹ 15 + Applicable GST
Amounts above ₹ 2 lakh and upto ₹ 5 lakh
(Incl. ₹ 2 lakh for RTGS)
₹ 24.75 + Applicable GST ₹ 20 + Applicable GST ₹ 15 + Applicable GST
Amounts above ₹ 5 lakh and upto ₹ 10 lakh ₹ 24.75 + Applicable GST ₹ 45 + Applicable GST Not applicable

 

 

Important points:

  • Transaction charge for NEFT and RTGS initiated through online modes (i.e. Internet Banking, iMobile app and Pockets app) is Nil.

 

Click to know more on NEFT

Click to know more on RTGS

Click to know more on IMPS

 

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