IMPS New Rule: Now you can send Rs 5 lakh without a bank account know the whole process

IMPS New Rule: Now you can send Rs 5 lakh without a bank account know the whole process

IMPS New Rule: Nowadays people are using various digital platforms for online transactions. These include PhonePe Google Pay Paytm BHIM among others. By taking advantage of digital platforms and online banking facilities users can transfer money to each other very easily from anywhere at any time. Well the problem increases many times when one has to transfer lakhs of rupees.

Table of Contents

Service update

In such a situation the sender of the money is required to enter the beneficiary bank account account name phone number and other information. But let us tell you that to make this process easier the Immediate Payment Service (IMPS) has provided a special feature in its service (IMPS New Service Update 2023). Now after the update in the service there is a facility to send money without linking the account of the beneficiaries.

Up to Rs 5 lakh

Earlier when Rs 5 lakh was to be sent it was necessary to link the beneficiary bank account name number etc. but now there is no need to do this under the new service of IMPS. You are able to transact up to Rs 5 lakh even without linking the account with the beneficiary. National Payments Corporation of India (NPCI) has launched this facility.

How to identify a fake account

The new service of IMPS also gives the facility to verify the beneficiary. To verify you will be able to identify whether the account number is correct or not from the phone number itself. If you want to check the bank details again then this facility is also given. NPCI says that this new service has been launched to extend the system to corporates with wholesale and retail transactions.

Previous articleWhy do most of the Bollywood movies release on Fridays Know the secret behind it
Next articleDon’t worry if you run out of cash atm! Easily exchange
Ashok Kumar Gupta
KnowledgeAdda.Org On this website, we share all the information related to Blogging, SEO, Internet,Affiliate Program, Make Money Online and Technology with you, here you will get the solutions of all the Problems related to internet and technology to get the information of our new post Or Any Query About any Product just Comment At Below .