Know Your Mobile Banking Limits
| Type of Transaction |
Newly Registered Users (For first 90 days from the date of FedMobile registration) |
Generic Limit (General limit after 90 days of registration) |
|---|---|---|
| All Users (New Registration Limit) | Rs.5000/- for the first 24 hours after the first-time registration. | |
| Mobile Banking Limit (Normal Users) | Rs.5 Lakh per day with a cumulative limit of Rs 10 lakhs for 7 days | Rs.10 Lakh/day (Cumulative) |
| Mobile Banking Limit (Celesta Users) | Rs.10 Lakh/day (Cumulative) Option to increase up to Rs.20 Lakh/day (Cumulative) |
Rs.10 Lakh/day (Cumulative) Option to increase up to Rs.20 Lakh/day |
| Quick Pay Limit | Rs.50,000 /day with a cumulative limit of Rs 2 lakhs for 7 days | Rs.1 Lakh/day |
| Merchant Payment Limit | Rs.1 Lakh/day | Rs.2 Lakh/day (Provision to increase up to Rs.5L/day) |
| Self-Account Transfer | Rs.20 Lakh/day (Cumulative) – Separate & exclusive limit | Rs.20 Lakh/day Cumulative (Exclusive Limit independent of Mobile Banking limit) |
| Credit Card Payments | Rs.10 Lakh/day (Cumulative Limit under Mobile Banking Limit) | Rs.10 Lakh/day |
| Mutual Fund Purchase | Rs.10 Lakh/day (Cumulative Limit under Mobile Banking Limit) | Rs.10 Lakh/day |
Note: For certain types of accounts, reduced limits may apply based on internal parameters. For more details, please refer to the limit management module within the app. Additionally, some schemes are excluded from this limit. The excluded schemes are:
- All Non-Resident schemes – Both NRE and NRO
- Celesta, Imperio, Fed Salary & Fed Salary Premium, Govern, Govern Prime and Esteem Schemes.
