NB-limits | IDFC FIRST Bank

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Online Banking Funds transfer limits - NEFT/ RTGS

IMPS service is available 24X7, throughout the year including Sundays and bank holidays.
Credit will be based solely on the beneficiary account number; beneficiary name will not be validated.
RTGS/ NEFT is available 24x7, throughout the year, including Sundays and bank holidays. However, RTGS/ NEFT done between 11:54pm to 11:59pm will be executed on the next working day.
RTGS/ NEFT transactions during non-banking hours or holidays above Rs.50 lakhs limits will be debited instantly and credited the next working day.
As per RBI Circular on Introduction of Legal Entity Identifier for Large Value Transactions in Centralized Payment Systems (RBI/2020-21/82 DPSS.CO.OD No.901/06.24.001/2020-21) dated January 05, 2021, LEI is mandatory for non-individual (entities) for initiating high value NEFT & RTGS transactions of Rs.50 crore and above with effect from April 01, 2021. Please ensure that your entity's LEI is shared with the Bank prior to placing request of such transactions, also ensure that the same is valid and has not expired in order to avoid rejection of the said transactions. You will also be required to submit beneficiary's LEI to the Bank.