POSB Sweep-In Limit Changes in IPPB Applications

 POSB Sweep-In Limit Changes in IPPB Applications

Issued by: Corporate Office, 2nd Floor, Speed Post Center, Bhai Vir Singh Marg, Gole Market, New Delhi – 110001

Date: 25/04/2025

Key Changes:

Purpose:

• Compliance with RBI observations from the 2023 Inspection and Cyber Security Augmentation Plan 2023-24.
• Limits approved by ELRMC and 17th PCMC (10th June 2024).

Implemented Limits:

• UPI, AePS, VDC, Cash Withdrawal, and Intrabank Fund Transfer limits already in effect.
• New limits for POSB Sweep-In transactions:

S. No.	Transaction Type	Channel/Type	Existing/New	Max Value/Txn (₹)	Max Value/Day (₹)	Max Count/day
1	POSB Sweep-In	MB App	New	5,00,000	10,00,000	10
		mATM	Old	NA	NA	NA
			New	5,00,000	5,00,000	10
		CBS	Old	NA	NA	NA
			New	5,00,000	10,00,000	10

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Error Messages:

Per Transaction Limit Breach:

• "Transaction could not be processed as Sweep In limit per transaction is getting exceeded."

Daily Amount Limit Breach:

• "Transaction could not be processed as Daily Sweep In limit is getting exceeded."

Daily Count Limit Breach:

• "Transaction could not be processed as Daily count limit of Sweep In transaction is getting exceeded."