I manage a partnership firm account with SBI and often use IMPS for quick transfers. Could you please tell me what the IMPS daily transfer limit is for such partnership firm accounts in SBI?
I can understand your query, as I also manage business-related transactions and prefer using IMPS for quick transfers. For a partnership firm account in SBI, the IMPS daily limit is the same as for other current and savings accounts it is up to ₹2,00,000 per day per account.
IMPS Daily Limit in SBI for Partnership Firm Accounts:
• SBI allows IMPS transactions up to ₹2 lakh per day.
• This limit applies regardless of whether the account is personal, joint, or a partnership firm account.
• If your business requires transferring amounts larger than ₹2 lakh, you can use NEFT or RTGS, which have higher limits suitable for firms.
Key Points to Remember:
• IMPS works 24x7, including weekends and bank holidays.
• Charges may apply depending on the transaction slab, usually ranging between ₹2.50 to ₹25 + GST.
• For very high-value FDI or business transfers, RTGS is recommended, since it supports transfers above ₹2 lakh.
Official Reference:
You can verify SBI’s IMPS details on the official website here: