The State Bank Of India (SBI) has revised the limits of immediate payments service (IMPS) with effect from February 1, 2022, the bank announced in a statement last week. According to the revised IMPS transaction rules, the limit for IMPS Online transactions including that of internet banking/Net banking through YONO, has been increased to Rs Rs 5 lakh from Rs 2 lakh. The bank has also added a new slab of IMPS transactions of Rs 2 lakh to Rs 5 lakh.