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SBI will charge ₹2–₹10 plus GST for IMPS transfers above ₹25,000 via online channels

Kumari Sonali

SBI will charge ₹2–₹10 plus GST for IMPS transfers above ₹25,000 via online channels:

The State Bank of India (SBI) has revised its IMPS (Immediate Payment Service) fee structure. Effective August 15, 2025, SBI will impose nominal charges on online IMPS transactions exceeding ₹25,000, a change that affects millions of customers using UPI-linked or net banking services for instant fund transfers. This change, however, does not affect branch-based IMPS transactions or certain exempt account categories.

Transfer Amount/Service Charge (Excl. GST)

  • ₹25,001 to ₹1 lakh/₹2
  • ₹1 lakh to ₹2 lakh/₹6
  • ₹2 lakh to ₹5 lakh/₹10

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