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SBI to revise IMPS charges from Aug 15
Orissa POST
|August 14, 2025
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.
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All customers will continue to receive free online IMPS transfers up to 25,000 under the new arrangement.
According to reports, charges will apply, though, for amounts over 25,000: 2 + GST for transactions over 25,000 and up to 1 lakh, 6 + GST for amounts over 1 lakh and up to &2 lakh, and 10 + GST for transfers over 2 lakh and up to 5 lakh.
The revised rates do not apply to salary package account holders of various government, defence, and corporate categories, who will continue to enjoy waivers for online IMPS transfers, the reports said.
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