IMPS Limit & Timings: NPCI ₹5 Lakh Rules, P2A vs P2P & Daily Limits
Everything you need to know about IMPS transfer limits: NPCI ₹5 Lakh per transaction cap, 24x7 instant settlement speeds, bank charges, and how to transfer using IFSC or MMID.
- IMPS per-transaction statutory limit was upgraded to ₹5,00,000 by NPCI.
- Settlement is instantaneous (2 to 5 seconds) 24x7x365.
- Works using Account + IFSC (P2A) or Mobile Number + 7-digit MMID (P2P).
When speed is non-negotiable—such as settling an emergency hospital bill or transferring rent to a landlord standing at your door—IMPS (Immediate Payment Service) is the default choice. Here is the complete breakdown of limits, timings, and fees.
NPCI ₹5 Lakh Transaction Limit
Historically, IMPS was capped at ₹2,00,000 per transaction. However, recognizing the explosive growth of real-time digital payments, the National Payments Corporation of India (NPCI) increased the per-transaction cap to ₹5,00,000.
Frequently Asked Questions
What is the maximum limit for IMPS transfer per day?
While the NPCI allows up to ₹5,00,000 per transaction, individual banks establish their own daily cumulative limits (typically ₹2,00,000 to ₹5,00,000 per day per user).