Why banks restricting maximum and daily limit for rtgs

[NikhilG]

What's your maximum rtgs limit?
I just realized banks putting a restriction on online banking in the name of security. It's just that they don't want to make it super convenient. What do you think about it.
Example : rbl has put daily limit of 15 lakhs(neft+imps+rtgs)

 

[Hell_Kitty]

What's your maximum rtgs limit?
I just realized banks putting a restriction on online banking in the name of security. It's just that they don't want to make it super convenient. What do you think about it.
Example : rbl has put daily limit of 15 lakhs(neft+imps+rtgs)

In many banks its customer segment wise. In ICICI its between 10L and 50L based on segment. Same with my SBI and IDFC with IDFC having no limit on RTGS.

 

[NikhilG]

In many banks its customer segment wise. In ICICI its between 10L and 50L based on segment. Same with my SBI and IDFC with IDFC having no limit on RTGS.

Are you sure about idfc having no maximum limit on rtgs. I'm talking about internet banking.

 

[Hell_Kitty]

Are you sure about idfc having no maximum limit on rtgs. I'm talking about internet banking.

If I open IDFC First mobile app it says transfer any amount for both NEFT and RTGS whereas for IMPS it says 10L in a day. Same with web login

 

[NikhilG]

If I open IDFC First mobile app it says transfer any amount for both NEFT and RTGS whereas for IMPS it says 10L in a day. Same with web login

Oh wow, do you have idfc private account?

 

[hender]

What's your maximum rtgs limit?
I just realized banks putting a restriction on online banking in the name of security. It's just that they don't want to make it super convenient. What do you think about it.
Example : rbl has put daily limit of 15 lakhs(neft+imps+rtgs)

Never was/is a issue.
How much is your usage everyday?

 

[anujdit]

HDFC has 50 lacs
SBI 25 lacs per day

 

[nikhilv0303]

IDFC : You can submit a form to increase the Netbanking limit above 20 lakhs. You can specify the limit you want.
I did it recently.

 

[NikhilG]

IDFC : You can submit a form to increase the Netbanking limit above 20 lakhs. You can specify the limit you want.
I did it recently.

Okay, maybe that's the case with idfc but rbl bank denied about any such form

 

[NikhilG]

Never was/is a issue.
How much is your usage everyday?

Not everyday but suppose if i want to move all my funds to a different bank than doing 15 lakhs everyday is a bit inconvenient. Next option is to put a cheque. I'm concerned about some banks putting a limitation on moving large amounts of funds out of the bank and making it difficult for people