Now you will be able to transfer 5 lakh rupees to another account through IMPS instead of two lakhs. The Reserve Bank of India (RBI) on Friday increased the limit for Immediate Payment Service (IMPS) transactions. The IMPS system of the National Payments Corp of India (NPCI) allows customers to transfer money 24 hours a day. This includes internet banking, mobile banking apps, bank branches, ATMs, SMS, and IVRS services. This service was included in 2014. Then no transaction could be above 2 lakhs in it.
Whereas the per transaction limit is 5000 for SMS and IVRS channels. Now RTGS is also happening round the clock. RBI said that after RTGS, now this has been done to increase the settlement cycle of IMPS. RBI said in a statement that increasing the IMPS limit will encourage digital payments. Now customers will be able to make digital payments above Rs 2 lakh.
On the other hand, RBI has once again decided not to make any changes in key interest rates. Reserve Bank Governor Shaktikanta Das said after the monetary policy review meeting that the repo rate was kept at 4 percent while the reverse repo rate was kept at 3.35 percent.
The Reserve Bank has also kept the GDP growth forecast for 2021-22 unchanged at 9.5 percent. The bi-monthly three-day meeting of the Monetary Policy Committee (MPC) of the Reserve Bank began on October 6 and continued till October 8.
The central bank has kept policy rates unchanged in the last eight reviews since the repo rate was cut by 0.4 percent on May 22, 2020, amid the first wave of the pandemic. Experts said the central bank has maintained the status quo on policy rates for the eighth time in a row.
Two-three more days of severe winter: The mercury of 6 cities in Rajasthan reached minus, trains running late by several hours in North India
The period of bitter cold in the country will remain for two-three more days. According to the Meteorological Department, the minimum para can go up to 2 degree Celsius in the plains of the north. The
Petrol diesel is getting expensive, can the price be lower than Russian oil?
Petrol and diesel prices in the country have been increasing continuously for the last few days. The price of petrol in Delhi on Wednesday rose to Rs 101.01 per liter and that of diesel to Rs 92.27.
Pushpa Collection Day 25: Allu Arjun continues to dominate the box office, 'Pushpa' Hindi will be on Prime Video on this day
Allu Arjun's film Pushpa is rocking the box office. Theaters have been closed in many states of the country, while some places have been opened with 50 percent capacity, but despite this, Pushpa's box
UCC: What is the government waiting for in implementing the Uniform Civil Code, why is it taking so long? Know everything
The Central Government has stepped up preparations to bring the Uniform Civil Code (UCC). The 22nd Law Commission constituted by the government has started the task of seeking consultations and
Conservative Party's new strategy against Sunak, support to Liz Truss
The struggle for ideology in the ruling Conservative Party is also coming to the fore in the race for the new prime minister in Britain. Right now the Conservative Party's right-wing candidates Liz
It is necessary to maintain international order for peace in the Indo-Pacific region, Harsh Vardhan Shringla's meeting with the US Deputy Secretary of State
US Deputy Secretary of State Wendy Sharman and Foreign Secretary Harsh Vardhan Shringla held a bilateral meeting at Hyderabad House in Delhi. Wendy Sharman arrived in Delhi on Tuesday on a three-day
Shah Rukh Khan's OTT Debut With Son Aryan Khan? Said - something is going to happen
Fans have been asking for the answer to this question when Bollywood superstar Shah Rukh Khan will step on OTT. Shah Rukh Khan had also shared a teaser video of his OTT debut a year ago, but now the
JEE Mains 2023: Not everyone will get marks for drop questions in JEE Main, more than 50 thousand new applications
The application process for the second session of the country's biggest engineering entrance exam i.e. JEE Main April session (JEE MAIN) is going on. So far, more than 50 thousand new students have
Mumbai will clash with Lucknow today: MI won 6 out of 9 matches at Brabourne Stadium, Krunal will play against Mumbai Indians for the first time
Today is Super Saturday in IPL. The first match of the day will be played between Mumbai Indians and Lucknow Super Giants. This match will be held at Brabourne Stadium, Mumbai. The current tournament
Sidhu Moosewala murder wires were also linked to Pakistan, and weapons were sent to the shooters from across the border
There has been a big disclosure in the Punjabi singer Sidhu Moosewala murder case. After Canada, the strings of this high-profile murder are now being linked to Pakistan as well. According to sources,
