SBI to Hike IMPS Charges Starting August 15, 2025 – Here's What PNB, Canara Bank Are Charging

SBI to hike IMPS charges starting August 15, 2025 – Here's what PNB, Canara Bank are charging

In a significant development, the State Bank of India has made a crucial announcement to revise its Immediate Payment Service (IMPS) transaction charges for retail customers. The revised IMPS will be applicable from August 15. Notably, the charges are different depending upon whether it is online or branch channel.  For online users, small-value IMPS transactions which remain under a threshold of Rs 25,000 will continue to be free. However, tran…

SBI To Impose Nominal Charges On IMPS Beyond Rs 25,000 Transfer From Aug 15

The country's largest lender State Bank of India has revised charges on fund transfers through the Immediate Payment Service effective from Aug. 15.

SBI customers to face revised IMPS charges from August 15; check more details

New Delhi: The State Bank of India (SBI) will revise Immediate Payment Service (IMPS) charges for retail customers from August 15, introducing nominal fees for certain online high-value transactions while keeping small-value transfers free.  All customers will continue to receive free online IMPS transfers up to Rs 25,000 under the new arrangement. According to media reports, charges will apply, though, for amounts over Rs 25,000: Rs 2 + GST for…