The State Bank of India (SBI), the country’s largest lender, has announced a revision in IMPS (Immediate Payment Service) charges effective August 15, 2025.
As per SBI’s website, there is no change in branch-based IMPS charges. However, for online IMPS transfers above ₹25,000, nominal fees will now apply:
- ₹25,000 – ₹1 lakh: ₹2 + GST
- ₹1 lakh – ₹2 lakh: ₹6 + GST
- ₹2 lakh – ₹5 lakh: ₹10 + GST
Salary package account holders will continue to enjoy full waivers for online IMPS transactions.
For corporate customers, the revised charges will come into effect from September 8, 2025. SBI has also clarified that current account holders under categories such as Gold, Diamond, Platinum, Rhodium, Government Departments, and Autonomous/Statutory bodies will be exempt from online IMPS charges.
