Branch IMPS, in addition to NEFT & RTGS services provides secure and instant interbank fund transfer during Banking hours. Bank customer can visit any Bank Branch and transact through Branch IMPS by providing remitter and beneficiary details thereby filing the form at the Branch. Post validation of customer details, Branch IMPS can be done through the MBank Portal.
Maximum limit on transactions
The daily upper limit for fund transfer per account is Rs.1,00,000/-
Charges
Per transaction charges for Branch IMPS shall be as follow:
Transaction Amount Charges
· Upto Rs 10,000/- Rs 2.50+GST
· Above 10,000/- upto 1,00,000/- Rs 5.00+GST
Through Branch IMPS, amount can be transferred to the accounts in any other Bank instantly.