The amount of money you can transfer online in a day depends on the specific transfer method (NEFT, RTGS, IMPS) and your bank's policies and your customer segment. Some banks set daily transaction limits.
Online Transfer Methods and Limits (Example: ICICI Bank)
Here's a breakdown of typical online transfer methods and the potential limits based on the provided ICICI Bank reference:
| Feature | NEFT | RTGS |
|---|---|---|
| Minimum Amount | ₹ 2 lakh | ₹ 2 lakh |
| Maximum Amount | ₹ 10 lakh or Rs 1 crore (customer dependent) | ₹ 10 Lakh or 50 Lakh (customer dependent) |
Key Considerations:
- Bank Policies: Different banks have varying limits. Contact your bank to confirm your specific daily transfer limits.
- Customer Segment: Banks often offer higher transfer limits to preferred or high-value customers.
- Transfer Method: NEFT (National Electronic Funds Transfer) and RTGS (Real-Time Gross Settlement) have different transaction limits. IMPS (Immediate Payment Service) often has lower limits, although not detailed in the reference provided.
- Daily Limit vs. Per Transaction Limit: Be aware of both the maximum amount you can transfer per transaction and the total amount you can transfer in a single day. The table above refers to single transactions but affects daily limits.
- Third-Party Apps: Transfer limits may be different for transferring from third-party apps than when transferring directly from your bank account.
Example:
If you're an ICICI Bank customer in a segment with the highest limits, you might be able to transfer up to ₹ 1 crore via NEFT in one or more transactions, or ₹ 50 lakh via RTGS, assuming your bank balance allows. However, if you are in a customer segment with lower limits, the total possible transfer may be lower.
Recommendation:
Always check with your specific bank for the most accurate and up-to-date information regarding online transfer limits.
