NEFT, RTGS, and IMPS are the most common payment and settlement systems in India. However, the maximum amount per transaction is limited to Rs.50,000. contact your bank or check your eligibility status in your online banking portal. IMPS offer an instant,24*7 interbank electronic fund transfer service capable of payment system with the banks like SBI, BOI, UBI and ICICI in August 2010. IMPS transactions can also be initiated from ATMs and Internet banking channels . The limit as prescribed by the bank for these channels would apply while 7 Feb 2017 We help you choose the best way to make online fund transfers. In case of SBI, it is four hours. Log in to your net banking account, The immediate payment service, or IMPS, is an instant fund transfer service. It is a 24x7 facility. The limitations. The transaction limit is Rs 2 lakh through internet banking.