IMPS
SBI enhances the limit on IMPS transactions from Rs. 2 lac upto Rs. 5 lac with nil charges on transactions through Digital Channels
Mumbai: In an aim to encourage customers to adopt digital banking, SBI has not levied any Service Charges on IMPS transactions upto Rs. 5 lacs, done through Internet banking/Mobile Banking including YONO.
In case of Branch Channels, there has been no change in the service charges for IMPS done through the Branch Channel in the existing slabs.
"However, a new slab for ₹ 2,00,000 to ₹ 5,00,000 has been added and the proposed service charges for this slab is ₹ 20 + GST w.e.f 01.02.2022," read a statement issued by the bank.
The service charges on IMPS are in line with the Service Charges on NEFT/RTGS transactions.
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