Module: General Practice
Q24: What is the individual transaction limit for the Immediate Payment Service (I M P S) across all channels, except for SMS and IVR?
✅ Correct Answer: C
The individual transaction limit for the Immediate Payment Service (IMPS) is ₹5 lakh.
This limit applies to all channels such as mobile banking and internet banking, but excludes SMS and IVR channels.
This limit is an important operational detail in the RBI's Payment Systems Report - June 2025.
This limit applies to all channels such as mobile banking and internet banking, but excludes SMS and IVR channels.
This limit is an important operational detail in the RBI's Payment Systems Report - June 2025.