Federal bank imps charges

federal bank IMPS Charges

1. What is the IMPS limit per day Federal Bank?
2. How many online transactions are free in Federal Bank?
3. Is there any charges for NEFT transaction in Federal Bank?
4. What is IMPS transfer Federal Bank?
5. What is IMPS in bank transaction?
6. Which is safe IMPS or NEFT?
7. Is fi debit card free?
8. What is RTGS and NEFT charges?
9. What is cash handling charge?
10. How many ATM transactions are free in Federal Bank?
11. What is ECS charges bank?
12. What is IMPS p2p TXN charge?
13. How much can be transferred through IMPS?
14. What are the charges for IMPS in SBI?

What is the IMPS limit per day Federal Bank?

For fund transfer within Federal Bank, the transfer limit for non-beneficiary is quick pay limit and for verified beneficiary the limit is Rs. 10 Lac per day. For IMPS mode, the transfer limit for non-beneficiary is quick pay limit and for verified beneficiary the limit is Rs. 10 Lac per day.

How many online transactions are free in Federal Bank?

1)10 times of previous month AMB maintained. 2) Remittance is free of charges if EOD balance on the day of remittance is higher than aggregate cash remitted for the day , upto a monthly upper ceiling of 1.25Crore cash remittance or a maximum of 25 transactions , per account , whichever is first.

Is there any charges for NEFT transaction in Federal Bank?

₹50/- per transaction or ₹0.50 per ₹1000/- whichever is higher. First 4 instances of remittances for amounts less than or equal to ₹10,000/- will be free in a month. ₹50/- per transaction or ₹0.50 per ₹1000/- whichever is higher.

What is IMPS transfer Federal Bank?

Immediate Payment Service helps you to send or receive money instantly using your federal bank account and your mobile number along with a 7 digit MMID (Mobile Money Identifier). It is an instant 24x7 interbank electronic fund transfer service through mobile phones.

What is IMPS in bank transaction?

Immediate Payment Service (IMPS) is an instant interbank electronic fund transfer service through mobile phones. It is also being extended through other channels such as ATM, Internet Banking, etc.

Which is safe IMPS or NEFT?

If you have to make a transfer quickly and don't want to go through the hassle of registering a beneficiary, opt for IMPS. On the other hand, if you want to transfer a large amount, NEFT is the better choice.

Is fi debit card free?

Use your Fi Visa Debit Card at any ATM in India. Withdrawals from any Federal Bank ATM are free. ... The replacement card costs ₹250.

What is RTGS and NEFT charges?

While NEFT and RTGS transactions through digital means are free, a small fee is imposed if done at branches. NEFT transaction up to ₹10,000, will invite ₹2 plus GST charges. For a transaction above ₹2 lakh via NEFT, SBI will charge ₹20 plus GST.

What is cash handling charge?

The private bank has introduced a cash handling fee of Rs 100 per bundle (1,000 notes) on lower denominations notes of Rs 10/Rs 20/Rs 50 only. ... A Rs 25 fee will be levied on every failed transaction at merchant outlets or websites or ATMs, due to insufficient balance.

How many ATM transactions are free in Federal Bank?

As per RBI directives, the 5 free ATM transactions permitted per month to SB account holders of other banks are inclusive of all types of transactions, financial or non-financial.

What is ECS charges bank?

ECS is used by institutions for making bulk payment of amounts towards distribution of dividend, interest, salary, pension, etc., or for bulk collection of amounts towards telephone / electricity / water dues, cess / tax collections, loan instalment repayments, periodic investments in mutual funds, etc.

What is IMPS p2p TXN charge?

Immediate Payment Service (IMPS) facilitated by NPCI (National Payment Corporation of India) is an instant money transfer service. ... Most banks such as SBI, HDFC, and ICICI also charge a fee for IMPS transactions. These charges range between Re 1 and Rs 15 per transaction and vary from bank to bank.

How much can be transferred through IMPS?

As per NPCI circular, the maximum amount that can transferred is Rs 2 Lakhs per transaction. Any transaction more than Rs 2 Lakhs will not get processed and will be credited back into your account. IMPS transfer can be done only between the participating bank for IMPS transaction.

What are the charges for IMPS in SBI?

The IMPS transactions that are conducted at branches for amounts ranging from Rs 1,000 to Rs 10,000 carry a service charge of Rs 2+GST, while that for Rs 10,000 to Rs 1,00,000 has a charge of Rs 4+GST. For transaction amounts of Rs 1 lakh to Rs 2 lakh, a charge of Rs 12+GST is levied.