I use ICICI personal to trade on localbitcoins but it has a limit of 5 payees per day and 3 direct imps payments with mmid.
Which bank is best suitable for imps criterion are:
1.Direct payment with imps using bank acc number,name and IFSC only.
2.High imps sending limits per day per account.
3.Number of imps payments per day per account.
Please share.
SBI is best because they charge lowest fee for inter bank tranfer and zero fee for intra bank tranfer.Private banks rip off customers with heavy fees
No doubt SBI is good, but you can only do IMPS transactions from 08:00 am to 08:00 pm,, also you need to add the beneficiary first which takes around 4 hours. Upto 5k you can do using their Quick Pay option.