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SBI enhances the limit on IMPS transactions from Rs. 2 lac upto Rs. 5 lac with nil charges on transactions through Digital Channels

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. The service charges on IMPS are in line with the Service Charges on NEFT/RTGS transactions.

 

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

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