Bank of Maharashtra IMPS Charges and Limits
Bank of Maharashtra IMPS Charges and Limits
Bank of Maharashtra offers IMPS (Immediate Payment Service) for instant 24/7 money transfers. Online IMPS through Maha Mobile is free, while branch-initiated IMPS may carry a small charge. Transfers are credited within seconds, any time of day or night.
Bank of Maharashtra IMPS Charges
- Online IMPS (Maha Mobile and net banking): Free (Rs 0) as per RBI directives
- Branch IMPS (up to Rs 1,000): Rs 3.50 + GST
- Branch IMPS (Rs 1,001 to Rs 1 lakh): Rs 5 + GST
- Branch IMPS (Rs 1 lakh to Rs 2 lakh): Rs 15 + GST
Verify the latest charges on the Bank of Maharashtra website or at your branch, as fees are subject to revision.
IMPS Transfer Limits
- Minimum transfer: Rs 1
- Maximum per transaction: Rs 5 lakh (as per NPCI guidelines; Bank of Maharashtra may apply lower internal limits)
- Daily limit: Varies by account and channel; check Maha Mobile settings for your specific limit
How to Send Money via IMPS on Maha Mobile
- Open Maha Mobile and go to Fund Transfer.
- Select IMPS as the transfer mode.
- Choose to send using account number + IFSC or mobile number + MMID.
- Enter beneficiary details and the transfer amount.
- Confirm with your MPIN or transaction PIN.
- The money is credited instantly and you receive an SMS confirmation.
IMPS vs NEFT vs UPI: Which to Use?
- IMPS: Instant, 24/7, good for amounts up to Rs 5 lakh.
- UPI: Also instant and free; best for small daily payments up to Rs 1 lakh.
- NEFT: Batch-processed, best for scheduled or large non-urgent transfers.
FAQ
Is IMPS available on Bank of Maharashtra 24 hours a day?
Yes. IMPS is available round the clock, every day including Sundays and public holidays. It is one of the few transfer methods that works during all hours without any downtime windows.
Can I reverse an IMPS transfer if I sent money to a wrong account?
IMPS transactions cannot be reversed automatically once processed. Contact Bank of Maharashtra customer care at 1800-233-4526 immediately, and they will guide you through the dispute resolution process.
What is MMID and do I need it for IMPS?
MMID (Mobile Money Identifier) is a 7-digit number linked to your account for IMPS transfers using a mobile number. You can find your MMID in Maha Mobile under account details. It is optional if you use account number + IFSC instead.
Key Takeaways
- IMPS via Maha Mobile is free; branch IMPS carries charges from Rs 3.50 to Rs 15 + GST.
- IMPS works 24/7 including holidays with near-instant credit.
- Maximum IMPS transfer is Rs 5 lakh per transaction as per NPCI guidelines.
- You can send using account number + IFSC or mobile number + MMID.
- Wrong transfers cannot be auto-reversed; contact customer care immediately.
