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Call it magic or call it true! Now sending money online has become a cakewalk too. Don’t believe us? Download the all new FedMobile app, key in the receiver’s unique 7-digit MMID (Mobile Money Identifier) number and see your money get transferred instantly.
For transacting through UPI, the limit is equivalent to your quick pay limit or maximum Rs.1 Lac and resets every 24 hours.
On transacting through IMPS mode, the limit is up to Rs.2 Lac per transaction and Rs.10 Lac per day.
For transactions to verified beneficiaries, UPI Channel has a limit of Rs.1 Lac every 24 hours & IMPS Channel has limit of Rs.2 Lac per transaction, and maximum Rs.10 Lac per day.
For UPI transactions to payee not added as beneficiary, transaction limit is equal to quick pay limit and this resets every 24 hours.
* Limit of Rs.10 Lac is cumulative limit.