With RTGS now operational round the clock, there has been a corresponding increase in settlement cycles of IMPS, thereby reducing the credit and settlement risks(HT) The Reserve Bank of India(RBI) ...

The announcement has been made by RBI Governor Shaktikanta Das on Friday while announcing the decisions made in the Monetary Policy Meeting. It can be noted that Immediate Payment Service (IMPS) of ...

IMPS is a round the clock service offered by National Payments Corporation of India (NPCI). New Delhi: In a good news for consumers, Reserve Bank of India (RBI) today proposed to increase the ...

Reserve Bank of India (RBI) governor Shaktikanta Das has announced that the limit of the Immediate Payment Service Transaction (IMPS) has been raised from Rs 2 lakh to Rs 5 lakh. He said that this ...

Mumbai, Oct 8 (IANS) In order to promote digital transactions, the Reserve bank of India (RBI) on Friday enhanced the transaction limit using Immediate Payment Service (IMPS) of banks to Rs 5 lakh.

India's largest public sector bank, State Bank of India (SBI), has announced that it has introduced a new Immediate Payment Service (IMPS) slab for transactions between Rs 2 lakh to Rs 5 lakh. The ...

In tune with the government’s push for digital payments, the RBI recently raised the transaction limit of immediate payment service (IMPS) by 150 percent — from Rs 2 lakh to Rs 5 lakh. NPCI (National ...

The Reserve Bank of India (RBI) on Friday made a series of announcements on the payments system, including an increase in the per-transaction limit for Immediate Payment Service (IMPS) to Rs 5 lakh ...

The Reserve Bank of India (RBI) on Friday said that the limit to transfer money under Immediate Payment Service (IMPS) has been increased from ₹2 lakh to ₹5 lakh. The announcement was made by RBI ...

The Reserve Bank on October 8 increased the transaction limit on Immediate Payment Service (IMPS) of the National Payments Corporation of India (NPCI) to Rs 5 lakh from Rs 2 lakh. IMPS provides ...