Question: Can I Transfer More Than 1 Lakh Through NEFT?

How much money can be transferred through Neft in a day?

3) IMPS to registered beneficiary – up to Rs 2 Lakh per day/per transaction.

4) NEFT to registered beneficiary per day – up to Rs.

10 lakh./per transaction – up to Rs 5 lakh.

(Newly added beneficiary — less than 24 hours old — the limit is Rs 50,000)..

Can I transfer more than 2 lakh online?

Transfers up to Rs 2 lakhs to Other Bank Accounts are done through IMPS (Immediate Payment Service) which is real-time and available 24×7 including Sundays and bank holidays. Transfers greater than Rs 2 lakhs and up to Rs 10 lakhs to Other Bank Accounts are done through NEFT (National Electronic Funds Transfer).

How can I transfer more than 1 lakh?

The best thing is that there is no need to share personal details such as bank account or credit/debit card number. UPI-enabled apps allow transfers up to Rs 1 lakh. Download a UPI-enabled bank app or update existing bank app to make it UPI-enabled. Create an email-like virtual payment address (VPA).

Can we transfer 2 lakhs Neft?

The RBI has also proposed to mandate banks to make all online NEFT transactions free for savings bank account customers from January 2020. NEFT limits: There is no minimum limit for NEFT transfer but it is generally used for fund transfers of up to ₹2 lakh. For high-value transactions, RTGS is used.