Question

RBI has increased the limit of the max amount to be transferred under IMPS, What is the revised amount?

A 3 Lac Correct Answer Incorrect Answer
B 4 Lac Correct Answer Incorrect Answer
C 5 Lac Correct Answer Incorrect Answer
D 6 Lac Correct Answer Incorrect Answer
E 10 Lac Correct Answer Incorrect Answer

Solution

In view of the importance of the IMPS system in processing of domestic payment transactions, it is proposed to increase the per-transaction limit from ₹2 lakh to ₹5 lakh for channels other than SMS and IVRS.

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