New IMPS rule from Feb 1: You can transfer up to Rs 5 lakh without adding a beneficiary
The National Payments Corporation of India (NPCI) has introduced a new rule that allows customers to transfer up to Rs 5 lakh without the need to add beneficiary details such as account numbers or IFSC codes.
National Payments Corporation Of India Immediate Payment Service National Payments Corporation Mobile Money Identification Number Fund Transfer Imps Rule
Source: businesstoday.in