Updated 13 August 2025 at 19:37 IST
SBI to Revise IMPS Charges From August 15 — Small Transfers Stay Free, Bigger Ones to Cost More
SBI will revise IMPS charges from August 15, 2025. Online transfers up to Rs 25,000 remain free, while higher amounts will attract Rs 2–Rs 10 plus GST. Branch charges stay unchanged, with exemptions for select salary and pension accounts. The move aligns with industry norms.
State Bank of India (SBI) will soon tweak the way it charges for Immediate Payment Service (IMPS) transactions made online, with the new rates kicking in from August 15, 2025. While small-value transfers will remain free, higher-value payments will attract nominal fees.
What’s Changing?
From mid-August, there will be no charge for online IMPS transactions up to Rs 25,000. Transfers beyond that will attract the following charges:
Rs 25,001–Rs 1,00,000: Rs 2 + GST per transaction
Rs 1,00,001–Rs 2,00,000: Rs 6 + GST per transaction
Rs 2,00,001–Rs 5,00,000: Rs 10 + GST per transaction
Until now, all online IMPS transactions, regardless of the amount, were free of charge.
Branch Transactions Unchanged
Fees for IMPS transfers made at SBI branches will stay the same, ranging from Rs 2 + GST to Rs 20 + GST depending on the amount sent.
Also Read: SBI Slashes Down Fixed Deposit, Savings Account Interest Rates - Know What's Applicable For You | Republic World
Who Will Still Pay Nothing?
SBI has clarified that certain customers will continue to enjoy zero charges for online IMPS, even for higher amounts. This includes account holders under: Defence, Para-Military, Indian Coast Guard, Central Government, Police, and Railway salary packages
Shaurya Family Pension accounts
Corporate, State Government, and Startup salary packages
Family Savings Account – SBI Rishtey
Why the Change?
According to the bank, the move aligns SBI’s online IMPS charges with industry norms while ensuring that everyday, low-value transfers remain free for the majority of customers. The new structure also aims to encourage wider digital adoption without placing a heavy cost burden on users.
About the bank
SBI is an Indian multinational, public sector banking and financial services statutory body, fostering the nation's 2.6 trillion-dollar economy and serving the hopes of its vast population. For SBI, the interests of the common man have always remained at the core of its business.
Published By : Avishek Banerjee
Published On: 13 August 2025 at 19:37 IST