In today’s digitalization era, banks have started offering various modes to transfer funds using internet. For this, Bank of Baroda comes up with various fund transfer modes such as NEFT, RTGS and IMPS wherein customers can send money to beneficiary account is simple clicks using app or website. It is important for the users to know Bank of Baroda (BOB) IMPS limit before making any fund transfer.
Bank of Baroda IMPS Limit
The Bank of Baroda has set an IMPS Limit of Rs. 50,000 per day and Rs. 2.5 lakhs per month. Customers are required to check their IMPS limit in case they have made any transfer in the same day to avoid any fund transfer failure.
Bank of Baroda IMPS Charge
The Bank of Baroda (BOB) does not charge any fee for making any IMPS transaction. It is completely free of cost for all the BOB customers. Also, you can transfer the money into the beneficiary account instantly.
Benefits of Using Bank of Baroda IMPS
Below given are some of the important benefits of using BOB IMPS:
- Easy and quick to access
- Immediate transfer of funds to the beneficiary’s account
- 24×7 access
- Can be used even on bank holidays
- Can be used after banking hours
- Can be used by any bank account holder
Also, check all related details about the IMPS:
Bank of Baroda IMPS Limit- FAQs
No. You cannot transfer Rs.2 lakhs to the beneficiary account via IMPS. The BOB has set a limit of Rs. 50,000 per day and Rs. 2.5 lakh per month for its users.
Yes. Transferring funds using IMPS is absolutely free for BOB customers. You can transfer funds anytime and anywhere.
Yes. As per the RBI guideline, you can transfer funds via IMPS even on public holidays, bank holidays, and even on weekends.
Yes. Making transactions through BOB IMPS is completely safe and secure. BOB customers are provided with additional security wherein details of the transaction is not compromised.
The minimum limit set by Bank of Baroda is Re.1 for making IMPS transactions.
