SBI IMPS

Hello sir, is there any one can provide me detail for limit of transfer money by state bank of India using Immediate Payment Service?

The State bank of India is provides a service of Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones. It is also being extended through other channels such as ATM, Internet Banking, etc

Customers using the SMS Banking can send the message using the following key words to 9223440000 for making a funds transfer through IMPS.

< IMPS >< Mobile No >< MMID >< amount > < User ID >< MPIN >< Purpose(Optional- 20 Char)>

Limit of transfer money by state bank of India using Immediate Payment Service:

Date Activity Amount Limitation
Sep 1 Ramu added and activated Shyamu as IMPS beneficiary
Rs.1,00,000 can be transferred to Shyamu on the day of activation of the beneficiary.

Sep 2 – 4 Shyamu in cooling period
A total sum of Rs.1,00,000 can be transferred to Shyamu during the period from Sep 1 to Sep 4.

Sep 6 Shyamu out of cooling period
Every day of Rs.2,00,000/- can be transferred to Shaymu, provided the total amount transferred on any given day by Ramu through IMPS does not exceed Rs.2,00,000/-

The charges for remitting money thorugh IMPS using OnlineSBI is;

Amount Charge
Upto Rs.1 lac Rs.5/- + Service tax.
>= Rs.1 lac and upto Rs.2 lacs. Rs.15/- + Service tax.

Contact to:

Dy. General Manager
(IT -Mobile Banking & Wallet)
State Bank of India,
1st floor, A Wing,
Sector 11, CBD Belapur
Navi - Mumbai - 400614.
Fax No: 022-27561664

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Answered By StudyChaCha Member