SBI enhances the limit on IMPS transactions from Rs. 2 lac upto Rs. 5 lac with nil charges on transactions through Digital Channels
Chennai : 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. The service charges on IMPS are in line with the Service Charges on NEFT/RTGS transactions.
Please see the charts:
IMPS Service Charges
| Slab | Transactions at Branches | Transactions through Net Banking / Mobile / YONO | |
| Existing | Revised w.e.f. 01.02.2022 | ||
| Upto Rs ₹ 1000 | Nil |
No Change |
NIL |
| Above ₹ 1000/- and upto ₹ 10,000/- | ₹ 2 + GST | ||
| Above ₹ 10,000/- and upto ₹ 1,00,000/- | ₹ 4 + GST | ||
| Above ₹ 1,00,000/- and upto ₹ 2,00,000/- | ₹ 12 + GST | ||
| Above ₹ 2,00,000/- and upto ₹ 5,00,000/- (New slab) | N.A. | ₹ 20 + GST | |
NEFT Service Charges
| Slab | Transactions through Branches | Transactions through Net Banking / Mobile / YONO |
| Upto Rs ₹ 10000 | ₹ 2 + GST |
NIL |
| Above ₹ 10,000/- and upto ₹ 1,00,000/- | ₹ 4 + GST | |
| Above ₹ 1,00,000/- and upto ₹ 2,00,000/- | ₹ 12 + GST | |
| Above ₹ 2,00,000/- | ₹ 20 + GST |
RTGS Service Charges
| Slab | Transactions through Branches | Transactions through Net Banking / Mobile / YONO | |
| Above ₹ 2,00,000/- and upto ₹ 5,00,000/- | ₹ 20 + GST | NIL | |
| Above ₹ 5,00,000/- | ₹ 40 + GST | ||
